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With 13 years of experience as an H&R Block tax pro, Margaret enjoys working with clients to get the most from their taxes and reach their tax-related financial goals. Like all H&R Block tax pros, Margaret stays sharp with an average of 32+ hours of training per year and brings additional experience as an Enrolled Agent (EA). Margaret specializes in investments, rental income, charitable giving and more.
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Investment income can include buying low/selling high, stocks and bonds, and capital losses.
Rental income is taxed at standard income tax rates, but you can also deduct the costs of buying and improving a rental property.
Donations made to qualified charities can be deducted to reduce taxable income.
Foreign income sources like wages, interest from a bank account, payouts on a stock, or rental income are all taxable in the U.S.
Retirement income, pensions, and annuities can change the way you file your taxes.
This usually happens when tax payers work across state lines or have lived in multiple states in a tax year.
Members of the U.S. Armed Forces have special tax situations and benefits based on things like disability status and combat service.
Clergy have dual tax status as both employees and self-employed individuals. Since a church does not withhold taxes, clergy are responsible for paying taxes as self-employed people.
This includes tax audits and notices from the IRS that say there’s an unpaid balance or issue with your return.
Work with a tax pro to build a tax strategy that fits your unique situation and financial goals.
Proprietorships, C corps, and S corps all file yearly taxes, but the forms used to file depend on the way the business is set up.