Toth Financial, LLC

Tax planning and execution of that plan is a way to help keep your family's financial goals on track.  Avoid surprises at year-end by understanding and planning for your taxes each year and when appropriate, through accurate quarterly tax estimates.  There are ways you can reduce your tax burden through savings and tax credits if you look ahead and plan accordingly.

Free tax return preparation is available for qualified individuals through programs sponsored by the IRS.   Kathleen Toth volunteers with TCE (Tax Counseling for the Elderly) to prepare tax returns for low-to-mid income tax payers with a focus on those over 60 years old.   You do not have to be a member of AARP to qualify.  For more information visit IRS.gov Free Tax Return Preparation. 

Are you using the best tax filing status, exemptions and credits for your situation?  Not sure?   Contact Toth Financial, LLC to help you figure this out. 

Other Tax Information

IRS Innocent Spouse Rules can be tough.   Read this  article by Sandra Block, published in USA Today updated 6/24/2011 for more information. 

Don't be caught off-guard by the increased age limits on the "kiddie tax".  Effective 1/1/2008, the age limits for taxation at the parent's incremental tax rate have increased to 18 years or 24 years if your child is a full time student and not providing more than half their support.  Visit the SmartMoney article on "Understanding the Kiddie Tax".

Visit the IRS website for additional information such as:

IRS Publication 17 - Your Federal Income Tax

IRS Publication 504 - Guide for Divorced or Separated Individuals

IRS Publication 523 - Selling Your Home

Entire list of publications on the IRS website

Do you have tax questions like... 

What is my appropriate filing status before we are divorced?  After divorce?  In the year of divorce?

Do I qualify to file as head of household?

Who gets the child exemptions?

Should I itemize or take the standard deduction?

How do I treat child support and alimony on my tax return?

How do I make sure I don't trigger federal income tax recapture in my alimony agreement?

What are the tax ramifications of our marital asset distribution?

Based on your unique situation, we can help you determine the answer to these and other tax-related questions.