KTD Tax Services

The experienced professionals at KTD are your resource for the latest tax information. We stay abreast of all tax issues and can answer your questions about the tax code and your specific tax situation.

  • Dependents
  • Filing Status
  • Individual Retirement Arrangement
  • Life Changes in Your Taxes
  • Rental Income and Expenses
  • Taxable vs Non-Taxable Income
  • Earned Income Tax Credit
  • Avoiding Tax Problems
  • Mileage Deductions
  • Tax Interview Checklist
  • Deductions and Credits
  • Natural Disasters
  • Military
  • Tax Changes

Dependents
Are you unsure about who can be claimed as a dependent on your taxes? A dependent must either be a “qualfying relative”, with different rules for each. Properly identifying your dependents can significantly impact your return.

Filing Status
Determining which is filing status can be confusing, Especially when it comes to choosing the one that will least impact your taxes.

Individual Retirement Arrangement (IRA)
Retirement plans, such as an IRA, can complicate your taxes. Saving for your future is important but so is knowing how your taxes will be affected.

Life Changes and Your Taxes
Did you get married this year or welcome a new addition to your family? During your lifetime, you could experience this is so much more – Going to school, buying or selling a home, changing jobs, Sending the kids to college. Some of these will lead to deductions or credits, while others are actually taxable themselves. If you’ve any of these life experiences, see how life big events may impact your taxes.

Rental Income and Expenses
Owning a rental property is often a good way to increase your net worth but it does have tax implications. If you have invested or are looking to invest in a rental property, view the tax rules that will apply to you

Taxable versus nNon-Taxable Income
Were you gifted money during the year, or did you win a prize from a contest? See what items classify as taxable income and nontaxable income

Avoiding Tax Problems
Errors are quite common for Americans to prepare their own taxes. With tax rules becoming more strict and IRS penalties on the rise, Check out our tips on how you can stay away from IRS trouble.

Mileage Deductions
Did you know that you could be eligible for a deduction if you use your vehicle for business purposes? Keeping accurate records, such as receipts and mileage, will allow you to claim the deduction.

Deductions and Credits There are several deductions and credits that you maybe eligible to claim. Bring all important tax information about yourself and your family with you to your tax interview. That way, our knowledgeable tax prepares can find the best way to boost your refund or lower your tax liability. Be sure to bring any IRS correspondence or forms that you have received during the tax year.

Natural Disasters
Have you been impacted by natural disaster? See if you live in a disaster area and are able to claim casualty losses on your property by visiting the IRS website.

Military
Your taxes are the last thing you need to worry about all serving your country. Bring all your information to us and we will prepare your taxes as necessary.

Tax Changes
There’s nothing is certain as an ever-changing tax code. We keep you up-to-date on the latest tax rules and details of the newest tax information.

Leave the work to us. Visit KTD tax office for free tax advice an accurate tax preparation.