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I have owned my own business since 1989.

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I've been a licensed insurance agent in Georgia since 1985 and have owned my own Independent Insurance Agency since 1989.

Taxes and Tax Preparation

Almost 30 years experience preparing taxes for the public in my area.

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My Most Active Categories

Who has to file IRS 941 form?

The 941 form is a payroll form filed by employers to pay the collected Federal Income Taxes withheld, the employee and employer share of social security, and the employee an (MORE)

Do you have to file a state income tax if you only worked in that state for 2 months then moved to a state that has no state tax?

Yes you will have to file the return. Shat you do is file a Part-Year Resident return. You will list the dates you lived in the State on the tax return.
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Can you deduct health insurance premiums you paid?

If you file Schedule A (long form) you can deduct your health insurance premiums as a medical expense. If you pay this through your employer, most likely you have it paid fro (MORE)

Federal tax less progressive than ever before?

Are you asking if Federal Tax is more or less progressive than previously, the answer is that it is much more progressive than ever. People with lower incomes not only pay no (MORE)

How is adjusted gross income figured for IRS form used for medical expenses?

You adjusted gross income is figured the same way no matter what. When filing Schedule A of your return you will deduct either 7.5% or 10% of your adjusted gross income from (MORE)

What is the difference between filing Head of Household and filing married filing separately?

Married Filing Separately is somewhat penalized as you get the single Standard Deduction and you are disqualified from getting any most tax credits like Earned Income Credit a (MORE)

Can you invest death benefits tax-free?

No. You do not pay tax on the death benefits when you receive them but you do have to pay taxes on investment income from such benefits as anything else.
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Must you report both regular and qualified dividend on same investment?

Yes. Your regular dividends are reported, then whatever portion of the dividend that are classified as qualified re ported as well. This does not mean you are paying double (MORE)

I Work in one state but live in a different state which state do I file first?

You probably have to file in both states. You will file as a Non-Resident in the state where you work, and then file as a resident in the state you live. You should be able (MORE)

When do you stop getting earned income for a child?

I assume you mean earned income credit. Assuming you are qualified by the child being yours or a qualified relative, they must be 18 or under, 24 and under if a full time stu (MORE)

Is a military pension taxed?

Most of them are taxed. There are certain type of military disability pensions that are not taxed. The best way to know is if you receive a 1099-R form or W-2 form then your (MORE)