Have you moved recently and need to change your address with the IRS? You’re in luck! The IRS JUST released a new form for changing your address. If you are changing your business address, notify the Internal Revenue Service using Form 8822-B – Change of Address – Business. If you change your home mailing address, [...]

No matter how hard you try to keep up with important financial documents, losing important paperwork happens. But what about your income tax return? What happens if you can’t find that and you need it? There are three easy and convenient options for getting tax return transcripts and tax account transcripts from the IRS: on [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]