Form 1040 – The Burns Firm – Advisors of Complex Financial Matters

Federal Tax News for Individuals

February 24th, 2022|Categories: Accountant, Accounting, Burns Firm, Child Tax Credit, CPA, CPA Dallas, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, Dependent Care credits, Donations, Gift Tax, Services, Tax, Tax Credits, Tax Cuts, Tax Deductions, Tax Preparation, Tax Return, Tax Withholding, tax write-offs, Taxpayer Certainty and Disaster Tax Relief Act (TCDTRA), The Burns Firm|Tags: 2022 federal tax news for individuals, adjustments for people over 60 on tax return, Form 1040, IRS cost of living adjustments, tax credits, tax deductions for individuals, tax filing, tax filing status, tax updates|

Your status for filing a federal tax return generally depends on your marital status as of December 31. However, more than one filing status may apply in certain situations. If [...]

Rx for Itemizing Medical Expenses

July 14th, 2020|Categories: Accounting, Burns Firm, Exemptions, Services, Tax, Tax Cuts, Tax Deductions, Tax Planning, Tax Preparation, Tax Return|Tags: can I deduct medical expenses on my tax return, CPA Dallas, deducting expenses for paid support individuals, deductions, Form 1040, I need to file my personal tax return, July 15 tax filing deadline, maximum medical deduction per year, medical expense deductions, medical expenses on my tax return, tax deductions, tax filing, tax return, tax return preparer in Dallas, The Burns Firm|

Medical expenses can be costly — and they're not always covered by insurance. But there may be a silver lining: You may be able to claim an itemized deduction for [...]

Should You Extend Your 2019 Tax Return?

March 5th, 2020|Categories: Accounting, Burns Firm, Services, Tax, Tax Credits, Tax Cuts, Tax Deductions, Tax Planning, Tax Preparation, Tax Return|Tags: 2019 form 1040, 2019 tax return filing deadline, 2019 tax return preparation, CPA Dallas, Form 1040, should I extend my tax filing deadline, should you extend your tax return filing, tax filing deadline, tax preparation, tax retunr preparation by a CPA, tax return filing, The Burns Firm|

Roughly 15 million individual taxpayers filed for an automatic six-month extension for the 2018 tax year, according to the IRS, compared with about 10 million people in previous years. Why did [...]

Help Protect Your Personal Information by Filing Your 2019 Tax Return Early

January 23rd, 2020|Categories: Accounting, Burns Firm, Services, Tax, Tax Preparation, Tax Return|Tags: 2019 tax return preparation, CPA, CPA Dallas, file early, Form 1040, Form 1040 tax preparation, tax returns, The Burns Firm|

The IRS announced it is opening the 2019 individual income tax return filing season on January 27. Even if you typically don’t file until much closer to the April 15 [...]

Expenses that Teachers Can and Can’t Deduct on Their Tax Returns

October 1st, 2019|Categories: Accounting, Services, Tax, Tax Credits, Tax Deductions, Tax Preparation, Tax Return, TCJA|Tags: can I claim teacher expenses on my tax return, CPA Dallas, Dallas CPA, deductions, Form 1040, tax deductions, tax preparation, TCJA, teacher expenses, teacher expenses and deductions, The Burns Firm, what teacher expenses are tax deductible|

Teachers often pay for various expenses for which they don’t receive reimbursement. Fortunately, they may be able to deduct them on their tax returns. However, there are limits on this [...]

2018 Q2 Tax Calendar: Key Deadlines for Businesses and other Employers

March 29th, 2018|Categories: Accounting, Burns Firm, Business, C Corporation, Services, Tax, Tax Deductions, Tax Preparation, Tax Return|Tags: Accounting, C corp, deadline, deductions, Form 1040, tax, tax preparation, tax return, The Burns Firm|

Here are some of the key tax-related deadlines affecting businesses and other employers during the second quarter of 2018. Keep in mind that this list isn’t all-inclusive, so there may [...]