Author Archive

What’s in a name? »

If you are recently married or divorced you could quickly learn the importance of your name when you try to file your tax return. If you changed your name, you need to take the necessary steps to ensure the name on your tax return matches the name registered with the Social Security Administration. A mismatch [...]

Refund Status »

The IRS has opened its filing season successfully this month, and refunds have started going out to many taxpayers. As with the start of any tax season, there are system validations that occur requiring some fine-tuning of our systems. As part of this, some taxpayers will receive refunds approximately one week later than initial projections [...]

Legal Holidays for Private-Sector Employees »

Did you know that there are no such things as Federally-mandated “legal holidays” for private-sector employees, whether paid or not? It’s true! Because the Fair Labor Standards Act (FLSA), the “main” Federal law that regulates work hours and pay, does not require private-sector employers to grant any holiday time off to their employees. The FLSA [...]

Texas: Beginning in 2012 – Registration and New Exemption Certificates Required for Ag/Timber Sales & Motor Vehicle Tax Exemption Claims »

The following taken directly from: http://www.window.state.tx.us/taxinfo/agriculture/ House Bill 268, passed during the 82nd Regular Legislative Session, requires, beginning Jan. 1, 2012, that a person claiming an exemption from sales tax on the purchase of certain items used in the production of agricultural and timber products must provide a registration number issued by the Comptroller of [...]

Mid-year increase to standard mileage rate »

Due to recent increases in the price of fuel, the IRS has announced an increase in the optional standard mileage rates for the final six months of 2011. The revised standard mileage rates apply to deductible transportation expenses paid or incurred for business, medical, or moving expense purposes on or after July 1, 2011, and [...]

Do you have a change of address? »

Taxpayers who have changed or are about to change a home or business address should update that information with IRS to ensure they receive any refunds or correspondence. (IRS Tax Tip 2011-37) A taxpayer can change an address on file with IRS in several ways: by writing the new address in the appropriate boxes on [...]

Are Your Child Care Expenses Tax Deductible? »

Press Release — March 2, 2011 — When trying to cut costs during these hard economic times, it is unlikely that your child care expenses can be reduced. Luckily there is the credit for child and dependent care expenses offered on your individual tax return. The credit can be up to 35 percent of your [...]

What is your filing status? »

Its the very first step in filing you tax return: determine your filing status. Are you Single, Married Filing Jointly, Married Filing Separately, Head of Household or Qualifying Widow(er) with Dependent Child. Your filing status determines your filing requirements, standard deduction, eligibility for certain credits and deductions, and your correct tax. Here are eight facts [...]

Ten tax tips for parents »

Children make their parents laugh. Children can drive their parents a little crazy. But did you know that children can help their parents qualify for some tax benefits? They can! Here are 10 tax benefits the IRS wants parents to consider when filing their tax returns this year. Dependents – In most cases, a child [...]

Your tax refund: there’s now an app for that »

Yesterday, the IRS rolled out the IRS2Go App for iPhone and Android users to be able to check on their tax refund and get tax information straight from their smartphone. From the IRS Website: Get Your Refund Status You can check the status of your federal income tax refund using IRS2Go. Simply enter your Social [...]