Personal Tax Strategies

In the personal tax strategies section, our goal is to reduce your tax bill so you can increase your income.

We all know taxes are our single biggest expense, and as an employee the more income you make the more deductions you lose which results in less money in your pocket.

In this section we’ll discuss various personal tax strategies and show you how to take advantage of deductions that are available to you.

You’ll learn how to reduce your tax bill and increase the amount of money put in your pocket.


Tips to Lower Your Taxes

Let's face it, who doesn't want to owe less taxes at the end of the year? But how do you turn that desire into a reality? Here at Online Trading Academy, we stress the importance of making a personal tax strategy part of your overall wealth management plan. Read more...

Identity Theft and the IRS

Identity theft is one of the fastest growing crimes nationwide, and tax refund fraud caused by identity theft is one of the biggest challenges facing the IRS. Taxpayers can fall victim to identity theft involving their tax returns in several ways. Read more...

Tax Strategies for Itemizers

By the time you sit down with your CPA to prepare your tax return, the time to strategize and save has come and gone. The end of the year is the best time to look ahead and make small adjustments to help save on taxes. Read more...

5 Overlooked Federal Tax Deductions

Overpaying taxes? You may be interested in learning about 5 overlooked federal tax deductions you can claim. If you qualify for these deductions you may be able to reduce your tax liability by thousands of dollars. Read more...

Should You Do Your Own Taxes?

When it comes time to file your tax return, one of the most important questions to ask is should you do your own taxes? Or should preparing taxes be done by a professional? Read more...

Overseas Travel and Delinquent Taxes

Summer time is around the corner and many Americans plan to travel overseas. Who would not like to travel to Tuscany, Italy where images of Renaissance art and architecture, terraced hills, neatly planted inn vines Read more...

Deducting Business Expenses From Vacations

We have passed the mid-year mark and by now we are all ready to hit the escape button and go on a nice vacation. Are you dreaming of relaxing on a white sand beach? Maybe you are a ski lover? How about visiting a big and exciting city like Ney York? No matter Read more...

5 Questions to Ask Before Filing Taxes

When it comes to preparing your tax return you want to make sure you have all the bases covered. Not asking the right questions can cause you to overpay on your taxes, or worse. To avoid the disappointment of owing Read more...

Types of Audits

Back in the day, tax audits were random house visits by an IRS auditor who would go through boxes of your receipts to verify every number reported on your 1040 was accurate. Long since have those days passed. Not only did someone realize this was very inefficient Read more...

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