WASHINGTON — The Treasury Inspector General for Taxpayer Administration (TIGTA) today issued a warning to taxpayers to beware of phone calls from individuals claiming to represent the Internal Revenue Service (IRS) in an effort to defraud them. “This is the largest scam of its kind […]
Tax Season 2014 has come and gone and now it’s time to think about tax planning for tax year 2014. Items which could impact your 2014 taxes include certain life events and expired tax provisions. Certain Life Events Have you recently had a birth, adoption […]
Are Social Security benefits taxable? Depends on your individual situation! Some people must pay taxes on part of their Social Security benefits. Others find that their benefits are not taxable. Here are a notes about how Social Security affects your taxes: If you received these benefits in […]
As the taxpayer claiming a child (or children), you need to provide documentation that the child/children actually live with you. Below is a list of documents that may be used to support that claim: School records or statement showing the child’s (your) address Landlord or […]
As you’ve probably already seen on the news, there is a law that most Americans are required to carry health insurance for themselves and their dependents on January 1, 2014, or pay a penalty when they file their tax return. This is known as the Individual Mandate of the […]
It might not be as exciting as deer season or football season, but tax season opens this year on Jan. 30th. Following the January tax law changes made by Congress under the American Taxpayer Relief Act (ATRA), the IRS recently announced that plans to open […]
We had a client recently ask if distributions from an MSA are reported with the Form 1040. Below is some important information that we hope will help answer this question for anyone with this same question. As always, consult with your tax professional for how […]
Summertime is a time that a lot of taxpayers are relocating for job changes, so we thought this would be a good time to cover some of the expenses that you may be able to deduct on your tax return. This list may not include […]
If your payroll tax deposit rule is semimonthly, it is time to schedule your tax deposit using EFTPS for payrolls on August 1st to the 3rd. This is due on August 8th. This is the type of reminder you can get right on your Facebook […]
