BHT&D Certified Public Accountants Blog

How to File Taxes After Saying 'I Do'

Posted by Joe Turnes on Tue, Nov 12, 2019 @ 01:21 PM

A taxpayer’s filing status for the year is based upon his or her marital status at the close of the tax year. Thus, if you get married on the last day of the tax year, you are treated as married for the entire year. The options for married couples are to file jointly or separately. Both statuses can result in surprises – some pleasant and some unpleasant – for individuals who previously filed as unmarried.

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Tags: Individual Tax Return, Tax Planning

Can't Pay Your Taxes By The April Due Date?

Posted by Joe Turnes on Fri, Apr 06, 2018 @ 07:00 AM
If you aren’t one of those lucky Americans who gets a tax refund from the IRS you might be wondering about your options for paying off your tax liability by the April due date.

The IRS encourages taxpayers to pay the full amount of their tax liability on time, and it imposes significant penalties and interest on late payments. Thus, if you are unable to pay the taxes that you owe, it is generally in your best interest to make other arrangements to obtain the full funds to pay your taxes so that you are not subjected to the government’s penalties and interest. Here are a few options to consider.
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Tags: Individual Tax Return, Business Tax, Individual Tax, Tax Liability

45 Years And Counting For Virgil Biggs, CPA

Posted by Virgil Biggs on Mon, Sep 12, 2016 @ 07:00 AM

It seems like yesterday, but it was actually 45 years ago on November 1, 1971 when Connie and I opened the office on Bridge Street in Saranac, Michigan, two doors down from Larry's Store which was owned by my Dad.

I had been working for the national CPA firm of Alexander Grand & Company when Herb Talcott honored his promise to let me know when he was ready to retire. So, with 6 business clients and about 100 personal clients, we were off and running on our new adventure.

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Tags: Individual Tax Return, Small Business Accounting

7 End Of The Year Tax Planning Tips

Posted by Daniel Crawford on Sat, Dec 19, 2015 @ 08:00 AM

With the end of the year quickly approaching and the holiday stretching our free time thin, it is a great idea to squeeze in a little bit of tax planning to help yourself out before 2016.

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Tags: IRS, Individual Tax Return, Tax Planning, Business Tax, Minimize Taxes, Tax Return

What New 2014 Tax Forms Will I See Related to the Affordable Care Act?

Posted by Dwayne Houghton on Tue, Jan 27, 2015 @ 04:29 PM

There are several new forms that have been issued by the IRS related to reporting requirements under the Affordable Care Act.

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Tags: Individual Tax Return, Tax Planning, Premium Tax Credit, Affordable Care Act

Will Itemizing On My Tax Return Give Me A Larger Deduction?

Posted by Andrew Seiler on Thu, Dec 18, 2014 @ 09:00 AM

Questions about itemized deductions are common with taxpayers. During the preparation of personal tax returns, I often receive one or both of two common questions:

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Tags: Automobile Expense Tax Deductions, Itemizing Deductions, Individual Tax Return, Tax Planning, Tax Deductions, Home Office Tax Deduction, Tax Deductible Travel Expenses, Donation to Charity, Minimize Taxes

How Will Getting Married Affect My Personal Tax Return?

Posted by Candice Harig on Fri, Nov 21, 2014 @ 09:00 AM

From a tax planning perspective, should I get married before the end of 2014 or wait until 2015?

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Tags: Individual Tax Return, Tax Planning, Tax Provisions

Tax Planning Now Could Reduce Your Tax Liability.

Posted by Dwayne Houghton on Tue, Oct 14, 2014 @ 08:54 AM

Tax planning this fall could mean more money in your pocket at April 15th.

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Tags: Individual Tax Return, Tax Planning, Tax Deductions, Retirement Plan, Business Tax, Tax Return, Farm Taxes

The Challenges and Rewards of a First Year Michigan Accountant

Posted by Candice Harig on Tue, Jul 08, 2014 @ 09:00 AM

I have officially completed one year as a full time staff accountant at BHT&D CPAs. During this year, I have been able to develop the skills originally cultivated during my internship and have taken on more areas of public accounting.

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Tags: CPA Exam, Individual Tax Return, Small Business Accounting, QuickBooks, Tax Return, Farm Taxes, Auditing

How to Prevent Tax-Related Identity Theft

Posted by Steven Thompson on Mon, Jul 08, 2013 @ 09:00 AM

A question we sometimes hear is: "I have heard a lot about tax-related identity theft lately. How can I protect myself from this potential problem?" With the amount of identity theft that occurs, this is a good question to think about. Let's discuss some preventative steps you can take to prevent tax-related identity theft.

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Tags: Individual Tax Return, Prevent Tax Identity Theft