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 [...]

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 [...]

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 [...]

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 [...]

Did you know that there are two federal tax credits available to help you offset the costs of higher education for yourself or your dependents? Yes!  There is the American Opportunity Credit and the Lifetime Learning Credit. You must pay postsecondary tuition and fees for yourself, your spouse or your dependent to be able to [...]

Many taxpayers know tax season is upon them when they receive their tax forms from the IRS in the mail. However, this year, those tax forms will not be coming. With more and more taxpayers filing electronically (almost 99  million returns last year!), the IRS has decided to save money by not automatically mailing tax [...]