What Is the Simplest Form to Use for My Taxes?
There are three personal income tax forms: 1040, 1040A, and 1040EZ. While the EZ form is the most straightforward, it may be worth using a longer form because there are more tax break opportunities. For the record, the 1040 is the most complex while the 1040A is the...
Who Can I Claim as a Dependent?
The two types of "claimable" dependents are a qualifying child or a qualifying relative. A qualifying child is one that is either biological, adopted, a foster child, or a brother, sister, niece, or nephew that is under the age of 19, and abides at the residence for...
What is My Filing Status in Arizona?
This is an important factor when calculating taxable income, and this status is defined as the type of tax form an individual will use. It is based on family situation and marital status. There are five status categories: single individual, married but filing...
How Much Can be Deducted for Each Exemption I Claim?
The two types of exemptions are personal exemptions, and exemptions for dependents. You are allowed to claim exemptions for yourself, each person you claim as a dependent, and your spouse. In 2014, you can claim up to $3,950 for each qualifying child, while you and...
Keep Your Income Tax Return Safe & Stay Organized
You need to keep each year’s income tax return in a safe place, along with its supporting documents. The last thing you need is to panic because you have misplaced your return. If you are applying for financial aid or a home loan, you will need a copy of your tax...
Do I Have to File an Arizona Tax Return?
Whether or not you need to file an Arizona individual tax return will depend on a few different factors which are: the amount of money you have earned for the prior year, the source of that income, your age, and your filing status (married, single, etc.). For example,...
Singer Tax & Accounting, PC Blog
Welcome to Singer Tax & Accounting, PC's Blog! This is our first official blog post; however, we intent on sharing a wealth of tax and accounting information in the months to come. For income tax tips, business accounting advice, financial statement information, and...