Quarterly Estimated Taxes: What they are, What they are for, and Why you may need to pay them

Estimated taxes are commonly paid by those who are self-employed or have unconventional income, such as income from stocks and bonds. Those…

February Student Special from Dukhon Tax!

It’s tax season again and one of our firm’s favorite things during this time of year is to give a little something special to Boston’s…

Tax Planning for Business Sales and Purchasing

Whether you're selling or purchasing a business, conscientious tax planning is essential. Whenever a business is transferred, there are tax…

Healthcare Tax Issues on the Rise

There are a number of tax issues surrounding healthcare that have recently taken center stage. The state of Colorado has proposed, and…

Year-End Tax Planning for 2015

This guide is generally oriented towards the time-honored approach of deferring income and accelerating deductions to minimize 2015 taxes.…

Life Milestones and Their Effect on Your Taxes

The breadth of our life experiences and changes that occur as we mature always have wider tax implications. The major milestones of our…

Don’t Want to Buy Health Insurance? Look Into Market Place Hardship Exemptions

If you can afford health insurance but you don't wish to buy it expect a higher federal income tax bill for 2015. Under the Affordable Care…

Avoiding Tax Identity Theft

"Identity theft is one of the fastest growing crimes nationwide, and refund fraud caused by identity theft is one of the biggest challenges…

Estimated Taxes: Who Has to Pay Them and How?

The majority of taxpayers pay their taxes due annually when filing their tax return for the year. In some circumstances, however, taxes…

Filing your federal tax return after filing for an extension

April 15th may be more than six months away but it is never too soon to start thinking about how and when you will file your tax return. If…

Lower your Tax Liability with Deductions and Credits

Tax deductions and credits help taxpayers reduce their tax liability. The differences between the two are in their definitions: A tax…

Use tax software or hire a human? — DIY vs. DPB

Should you try to file that complicated tax return with using commercial tax software or get the help of a qualified tax preparer? Unless…

Plan Ahead for Your 2015 Tax Filing

Experience can be a good teacher, but we shouldn’t learn everything through our mistakes. For example, if the IRS penalized you last April…

Reduce Your Tax Liability With These 3 Often Overlooked Tax Deductions

As the tax year matures, it is not too late to find ways to reduce your personal or small business income tax bill. Below are three areas…

4 Questions You Should Ask Your Tax Advisor This Tax Year

According to a piece in Business News Daily, tax year 2015 brings some new challenges and opportunities for small business owners in Boston…

Buying Time and Clearing up Your Tax Debt to the IRS

The IRS is like a collection agency on steroids. Each passing day that you owe back taxes accrues additional penalties and interest on the…

Incorrect Tax Forms Cause Major Headaches for 800,000 Americans

One of the biggest changes facing tax filers this year is proving that they have health care coverage due to the requirements of the…

Tom Brady Avoids Tax Penalty Associated with Giving Chevy to Malcolm Butler

When Chevrolet prepared to give a brand new 2015 Chevy Colorado to New England Patriots quarterback Tom Brady for being Super Bowl XLIX…

Turbo Tax and Do-It-Yourself VS. Professional Tax Preparer

Tax time brings a multitude of financial decisions, including whether to hire a tax professional or prepare your own taxes using software…

We love students!

At Dukhon Tax and Accounting, we have a special place in our heart for our local student population. Remember, we were once students too –…

Fast Facts: Affordable Care Act

Dukhon Tax advisors have been answering many questions in relation to ObamaCare and the Affordable Care Act (ACA). We hope these fast facts…

Reporting Your Affordable Care Act (“ObamaCare”) 2014 Taxes

Confused by the tax filing requirements under the Affordable Care Act (ACA)? You are not alone. Filers for 2014 must report healthcare…

We Love Students!

At Dukhon Tax and Accounting, we have a special place in our heart for our local student population. Remember, we were once students too -…

Tax Filing Begins January 31st!

It's tax time again!  We are looking forward to providing you with outstanding tax consulting and preparation services for the 2013 tax…