Military Tax Tips

IRS! Most people see those three letters and immediately go into panic mode. Everything about income taxes seems to be a hassle. If you don't know what you are doing, you may find yourself in a world of trouble. However, how do you learn what tax deductions you are eligible for? What do you do if you get a letter from the IRS? Are you going to have to file a tax extension? Do you have to pay tax penalties? There are so many unanswered questions that loom in the gray world of the Internal Revenue Service. Although it may be best to go directly to the source, some of your questions can be resolved relatively easily. All you need to some good tax advice.

Thankfully, at Expert Village, this free video series tries to answer some of those questions. Our tax expert, Tom Choisnet, offers advice about filing your taxes. Tom describes different kinds of taxes: military taxes, state taxes, property taxes, gambling taxes, and more. He also gives you tips for finding tax deductions for charity contributions. If you are worried about tax audits, Tom describes the process, and he gives you tips for appealing the audit. So, don't let April 15th catch you off guard. Get tax help today!

"Hi, it's Tom Choisnet, enrolled agent again. We are going to talk about the generalities of business expenses because it can help you expand your thinking as to what might be deductible for you. The definition of business expenses, the key is ordinary and necessary as to the facts and circumstances regarding your business, those items that are appropriate and customary and usual to your business. They even add in the other term common and accepted so just about anything that you spend that you do for your business is probably going to be deductible. There are a lot of restrictions in different areas of the law, but in gathering your material, be liberal with yourself, we will tell you what you can't do. Thank you, Tom Choisnet."