On Sunday, Forbes posted an article explaining a part of the new Protecting Americans from Tax Hikes (PATH) Act of 2015 that will affect many taxpayers: their refunds will be delayed next year. As part of the “Protecting Americans from Tax Hikes (PATH ) Act of 2015,” […]
What do you mean my Social Security Benefits are taxable?? We hear this question often, and much to many’s dismay — yes, Social Security Benefits can indeed be taxable. A recent tax tip from the IRS broke down this phenomenon. Form SSA-1099. If you received Social […]
A question that comes up often is, “What is my normal retirement age?” A great question! The Social Security Administration has a “Retirement Planner: Benefits By Year Of Birth” anyone can refer to for that answer. We definitely recommend visiting the site and looking through all […]
Remember that pesky question, “Did you have health insurance last year?” If you were enrolled in health coverage for 2015, you may receive a Form 1095-A, 1095-B, or 1095-C, which will answer that question for you. In addition, if you were an employee of an employer […]
Many people use a tax professional to prepare their taxes. Tax professionals with an IRS Preparer Tax Identification Number (PTIN) can prepare a return for a fee. If you choose a tax pro, you should know who can represent you before the IRS. There are […]
If you’re still keeping old tax returns and receipts stuffed in a shoe box stuck in the back of the closet, you might want to rethink that approach. The IRS has teamed up with state revenue departments and the tax industry to make sure you […]
The Internal Revenue Service has launched a new initiative designed to more quickly identify employers who are falling behind on their payroll or employment taxes and then help them get caught up on their payment and reporting responsibilities. The effort is called the Early Interaction Initiative. […]
The premium tax credit is a refundable credit that helps eligible individuals and families with low or moderate income afford health insurance purchased through a Health Insurance Marketplace. To get this credit, you must meet certain eligibility requirements and file a tax return. Here are […]
The theft of your identity, especially personal information such as your name, Social Security number, address and children’s names, can be traumatic and frustrating. In this online era, it’s important to always be on guard. The IRS has teamed up with state revenue departments and […]
We will now be bringing you monthly “Tax Insight” newsletters! These newsletters are full of great tax tips, deadlines and advice, and we hope you’ll find them helpful. These will also be available on our downloads page of our main site. September 2015 – What […]
