May 19th, 2013 by Deepak Sharma

You may be working hard and earning big money but what is the use when you have not planned your taxes properly? Not planning for tax payments is as good as being unemployed because a lot of hard earned dollars are wasted in paying taxes due to the lack of planning. So it is imperative [...]

May 19th, 2013 by Deepak Sharma

Are you clear about you employment status – whether you are an employee or an Independent Contractor (IC)? If you are not sure, then it is good that you check the IRS website to understand tax implications on these employment categories. It is the duty of every citizen to pay taxes regularly no matter what [...]

May 19th, 2013 hobbies by Deepak Sharma

If you are a regular tax payer probably you would be ware of the fact that tax payers treat hobbies and businesses in a different way. For starters, this article tries to explain how both of them are different from the perspective of tax payments. Let us consider two examples to understand this case better. [...]

May 19th, 2013 home by Deepak Sharma

Do you own a home for which the mortgage is more than $ 1 Million? If yes then it is a wise idea to check how much mortgage interest you have been deducting from your tax returns over the past few years. All home owners who owe more than a million dollars on their home [...]

May 13th, 2013 webinar by Deepak Sharma

Learn about FBAR and other foreign and asset reporting requirement ? Join us on May 11th for an online seminar. We will discuss the basics of FBAR and foreign and assets reporting requirements.  Register today to secure your seat. Sanjiv Gupta CPA will review the state of the FBAR filing in 2012-13 – who needs to [...]

April 22nd, 2013 by Deepak Sharma

It is not uncommon for people to delay filling up their W2 forms for the tax return, till the eleventh hour and thus, end up making last moment errors. Even though this makes the entire process a lot more inconvenient and unpleasant, it is a fact that several residents do this every time. Thus, thanks [...]

April 22nd, 2013 by Deepak Sharma

It is the time of the year to pay taxes, again. Have you planned for your tax payment? If you are thinking about the various options available to pay your taxes, you should certainly consider paying taxes using your credit card. Don’t panic!! After all, paying your tax using your credit card is not a [...]

April 15th, 2013 by Deepak Sharma

I am sharing our new flyer with you. Please feel free to give us your feedback.

April 8th, 2013 1099, self employment by Deepak Sharma

The government acts strictly with employers who make attempts at evading taxes by resorting to unscrupulous means.  Many employers project their permanent employees as being independent contractors in order to avoid employment tax. Hiring independent contractors is legal in certain businesses and professions, provided the conditions allowing for the same are adequately satisfied.  Dentistry also [...]

April 4th, 2013 by Deepak Sharma

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