With the upcoming birth of our son or daughter, I thought it would be appropriate to write about the tax benefits of raising children. The rules can get tricky, and your children must meet certain criteria to become your qualifying children for tax purposes. Here are a few highlights: Dependency Exemption: For each qualifying dependent […]
dependents
Common Questions & Answers
Tax season is just about upon us, and here are some common questions our clients have: Q: Does an extension also extend the amount of time I have to pay my taxes? A: An extension only extends the amount of time to file your return, but if you owe taxes, then you will incur penalties […]