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Brian Wainscoat, CPA

Guide to Popular Tax Credits

Guide to Popular Tax Credits

What are Tax Credits? Even though the deadline to pay and file your income taxes is delayed, we recommend still filing sooner rather than later if you expect to receive a refund. As you gather all of the paperwork and documentation needed to prepare and file...
Can You Claim Education Tax Credits?

Can You Claim Education Tax Credits?

The costs of higher education continue to rise with no end in sight. Over the past 17 years, the college inflation rate has been about 7.4%, according to The College Board. This is more than double the broad U.S. inflation rate of 2.3% as measured by the...
How Much Home Can I Afford? Understanding PITI & The 28% Rule

How Much Home Can I Afford? Understanding PITI & The 28% Rule

PITI stands for Principle, Interest, Taxes, and Insurance and is what makes up your monthly mortgage payment. Calculating your PITI number will help you determine how much house you can afford. It’s home-buying season, and as you browse listings and...
Filing a Tax Extension – 6 Simple Tips

Filing a Tax Extension – 6 Simple Tips

The April 15 tax filing deadline is fast approaching! However, if you don’t think you can finish your 1040 tax return by the due date, there is no reason to panic. You can simply file a tax extension, which will give you a six-month extension (until October...
When Does Married Filing Separately Make Sense?

When Does Married Filing Separately Make Sense?

Picking your first house, learning about each other, planning for your future – of the many joys of marriage, sitting down and figuring out how you’ll prepare taxes is not usually one of them. If you’re married, there are two options for your filing...
Do You Need to Make Estimated Tax Payments?

Do You Need to Make Estimated Tax Payments?

If you work on salary for an employer and receive a paycheck on a regular basis, you might not think too much about paying income taxes. This is because you complete a Form W-4 for your employer and they will withhold the amount of taxes you tell them based...
Do I Need to File a Gift Tax Return?

Do I Need to File a Gift Tax Return?

Don’t look now but the deadline for filing your 2017 federal income tax return is right around the corner. Unless you receive an extension, you must file your return by April 17, 2018 — which is less than two weeks away. If you’re like many people, you are...
Tax Forms Every Investor Should Know

Tax Forms Every Investor Should Know

Tax forms and filings may not be as complicated as you think; oftentimes, the more you learn about what each form is for, the easier the entire process gets. Taking just a few minutes to understand what some of the most common investor tax forms are for can...