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Needham, MA
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Monthly Archives: January 2015

Today is the IRS’s Earned Income Tax Credit Awareness Day

Low and moderate income taxpayers will want to cash in on the EITC because it is a money saver. If you qualify there can be as much as $6,000 in refundable credits available to you. A refundable credit is a … Continue reading

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Selling on the Internet

So you say you sold a few things on E-bay? Where did that money go? It went into a bank called PayPal didn’t it? The IRS is real good at finding bank accounts and using computers to compare patterns of … Continue reading

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Gifts and their impact on your taxes

Anybody that gives a gift, whether it is in cash or property, is required to file a Gift Tax Return with the IRS unless those gifts are specifically excluded by the statutes. Most personal gifts fall within the exclusion categories, … Continue reading

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