6 Tax Tips for Self-Employed Taxpayers

The IRS offers these 6 tips for self-employed taxpayers: If you are an independent contractor or run your own business, there are a few basic things to know when it comes to your federal tax return. Here are six tips you should know about income from self-employment: Self-employment income can include income you received for part-time work. This is in addition to … [Read more...]

Haven’t received your Form W-2 yet? The IRS can help.

It’s tax time and you need your Form W-2, Wage and Tax Statement, to file an accurate federal tax return. You should have received it by February 1st this year. If yours still hasn’t arrived, contact your employer and ask for a copy. Make sure they have your correct address. If the form still hasn’t arrived by the end of February, contact the Internal Revenue Service at … [Read more...]

Plan Now for Next Year’s Taxes

Seven Great Ways to Be Ready for Next Year's Tax Season. Most people stop thinking about taxes after they file their tax return. But, there's no better time to start tax planning than right now. And, it's never too early to set up a smart record keeping system. Here are six tips to help you start to plan for next year's taxes: 1. Take action when life changes occur. … [Read more...]

Above-the-Line Tax Deductions

There are a series of income adjustments you can take on the bottom of page 1 of your Form 1040 or Form 1040A. These adjustments, which reduce the taxable income you’ll declare, are known as above-the-line deductions—you enter them just above the last line on the page, where you report your adjusted gross income (AGI). Above-the-line deductions offer two key advantages. … [Read more...]

Carpenter Evert’s Top Ten Tax Tips for 2014

The Internal Revenue Service is providing tax tips on its website at  the IRS website between now and April 15 on a wide range of tax subjects. Carpenter, Evert and Associates has put together our top ten favorite IRS tax preparation tips for you. Carpenter Evert’s Top Ten Tax Tips for 2014:  How to Choose Professional Tax Services  Make sure you are hiring the right … [Read more...]

What to Know About Declaring Your Tip Income

IRS Tax Tip #8 from Carpenter, Evert and Associates – Declaring Your Income from Tips Request a free tax organizer from Carpenter, Evert and Associates. If you receive tips at your job, you probably know that the income from tips is taxable. But did you know those concert tickets your favorite customer gave you are also taxable? Or that you are required to report … [Read more...]

Do You Know Your Tax Filing Status?

IRS Tax Tip #7 from Carpenter, Evert and Associates – Your Tax Filing Status Request a free tax organizer from Carpenter, Evert and Associates Not sure what filing status to use when you file your taxes? The IRS has some helpful guidelines: Choosing the Right Filing Status - Using the correct filing status is very important when you file your tax return. You need … [Read more...]

How to Choose Professional Tax Services

IRS tip #1 from Carpenter, Evert and Associates – How to make sure you are hiring the right professional tax service to prepare your taxes. Many people hire professional tax services when it’s time to file their taxes. If you pay someone to prepare your federal income tax return, the IRS urges you to choose that person wisely. Even if you don’t prepare your own return, … [Read more...]


We often view the IRS as the bad guy, lurking in the shadows and waiting to jump out and spring a tax audit on us. Actually, the IRS can be quite helpful to businesses and individuals when it comes to tax information.  Their website, www.irs.gov, has a huge amount of information that can answer our tax questions in simple terms that we can understand.  All the information … [Read more...]