"It's that time of year again....tax time."

Saturday, December 13, 2014

It's that time of year again, and I am not referring to Christmas. December is the time of year when we need to start analyzing where we stand with regard to our federal and state tax returns. For business owners and high income earners, it's a time to start considering alternatives to reduce taxable income and deductions available to reduce their tax liability. For low to moderate income earners, it's a time to start gathering the information needed to file their taxes and considering their alternatives with regard to who will prepare their tax return for 2014. For the past four years, the Dunklin County University of Missouri Extension Office located in Kennett has offered free tax return preparation for over 700 citizens each year in Southeast Missouri in cooperation with the Internal Revenue Service's Volunteer Income Tax Assistance (VITA) Program.

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