2022 Tax Season Announcement

I am unable to take any NEW clients this coming tax season.  

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Welcome!

Contact me to get started:  Jen@McCrackenTax.com Welcome!  My name is Jennifer McCracken, and I have been working in Accounting and Tax Preparation since 1989.  I participate in the IRS's annual preferred preparer program that requires tax preparers to keep up with the latest changes to the tax code just like CPAs and EAs have to do.  The only difference is that I didn't get a masters degree, or sit for a long test.  I work from my home office in order to keep my fees affordable and competitive. If you dread dealing with the IRS, and want a tax preparer that dislikes them just as much, or maybe more, I'm your girl.  My goal as a preparer is to capitalize on every credit/deduction that I can legally get for my clients.  I don't want my clients to pay the government any more than is absolutely necessary. I try to keep the process easy and convenient.  In compliance with the IRS codes, I use secure servers to exchange documents.  I have...
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Tax Planning Strategies to reduce your tax bill

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If you are like many Americans coming out of this pandemic, your life may be different in many ways. One way is that you may have found yourself earning income in a way you never have before.  With so many people exploring alternate income avenues, now is a good time to talk with a tax expert about ways to make sure you don't end up with a huge tax bill in April.   I've put together some simple and highly effective gems that can help you save on your taxes, and maybe even help you build some savings and/or wealth.   The first thing to remember about taxes is that there is a distinct difference between evasion and avoidance. Avoidance is not going to land you in a prison cell.  Avoidance is what good tax professionals are skilled at helping taxpayers accomplish.   Before we explore strategies, it is important for me to mention to all of you out there earning gig income selling goods and services online is that the IRS will know about it whether you...
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Get Organized for 2022 Now!

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I wanted to share with you a life hack that I've used for decades.  Life is complicated, and every year has new things that come up.  This is how I make sure I have all of my documents in order when it comes time to do my taxes.  I make an envelop for the year and I hang it on the wall near my desk.  I add to the list if there's a job change, or if I take on an extra income gig that might generate a 1099. I also add receipts for things I might use if I itemize my deductions, or any 1098s I expect to receive for deductible interest like student loans or mortgage.  Remember, there are some things that can be deducted from your income even if you go with the standard deduction.  As things come in, I throw them in the envelop, and check them off the list.  That's how I know I've gathered all of my documents, and since they are all in the envelop I don't have to hunt them down when I'm ready to do my taxes. 
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