by Aotaxteam | Mar 27, 2018 | Tax Preparation
Tax Tips for First Time Filers Filing taxes for the first time? Don’t let all the experts and jargons overwhelm you. At the end of the day, if you understand some very basic points clearly, you shall pass this test as well. If you are out of the college or just took...
by Aotaxteam | Mar 23, 2018 | Deduction & Credits
Un-reimbursed Employee Business Expenses Paying more taxes is something that not many of us are fond of. If one pays close attention, there are a lot of ways by which you can reduce your tax liability. And yes, these are all legal ways which the IRS has outlined. For...
by Aotaxteam | Mar 20, 2018 | Deduction & Credits
American Opportunity Tax Credit Tax credit systems are in place to let tax payers deduct a certain amount from their tax liability to the state or federal government based on different programs. One such initiative is the American Opportunity Tax Credit, or commonly...
by Aotaxteam | Mar 16, 2018 | Investment & Income
Mortgage Insurance Premiums Mortgage insurance in the simplest of terms is the backup plan for a lender. In the unfortunate event that the borrower is unable to repay the loan, the lender can cash in the mortgage premium and recover the losses. However, there is more...
by Aotaxteam | Mar 13, 2018 | Deduction & Credits
Medical & Dental Expenses, Medicare Premiums in My Taxes Well, it would be a bit of a stretch to say that most of us don’t want to pay taxes. However, who wouldn’t take a tax deduction if it is available? For all those individuals who are looking out for different...
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