Category Archives: Tax Tips
WELCOME
Happy New Year to all of my friends and clients. In order to address the [...]
2013 Tax Letter
Happy New Year from everyone here at McCormick Tax Group, LLC. I hope your holidays [...]
Everything You Need to Know About Making Federal Tax Payments
If you need to make a payment with your tax return this year, the IRS [...]
Tax Rules May Affect Your Child’s Investment Income
Parents may not realize that there are tax rules that may affect their child’s investment [...]
Six Facts About the Alternative Minimum Tax
The Alternative Minimum Tax (AMT) has been hitting more and more of my clients so [...]
Deductible Business Expenses
Some employees may be able to deduct certain work-related expenses. The following facts from the [...]
Six Facts for Adoptive Parents
I am finding that more and more of my tax clients are adopting. If you [...]
10 Things to Know about Capital Gains and Losses
Did you know that almost everything you own and use for personal or investment purposes [...]
Four Tips on Unemployment Benefits
Unemployment can be stressful enough without having to figure out the tax treatment of the [...]
Taxable or Non-Taxable Income?
This time of year I field a ton of calls on whether certain income is [...]
Five Tips for Recently Married or Divorced Taxpayers with a Name Change
If you changed your name after a recent marriage or divorce, you need to take [...]
New Tax Developments From Q4 2011
During the fourth quarter of 2011, there were many important federal tax developments. I would [...]
Getting Ready to File for 2011!
Greetings all. Well I can tell by the emails and calls I have received lately [...]
How do I know if I have to file a tax return?
Happy New Year. With the new year comes the beginning of tax season 2012. I [...]
Planning for College & Tax Implications
With the year-end approaching many clients have been asking about college savings and its effect [...]
Top Ten Business Expenses
I hope you all had a wonderful Thanksgiving. I am very thankful that I have [...]
Quick Tax Tips
Over the next couple weeks I am going to use the blog to highlight some [...]
Year End Tax Planning
I always appreciate feedback from clients. Lately many of my clients have said that they [...]
Three Ways to Pay Your Federal Income Tax
If you owe taxes but can’t pay the full amount by the April 18 deadline [...]
Ten Things to Know About Tax Refunds
Are you expecting a tax refund this year? Here are 10 things to know about [...]