As the holidays approach, the Internal Revenue Service reminded taxpayers to remember that a new law requires the IRS to hold refunds until mid-February 2017 for people claiming the Earned Income Ta Credit or the Read More
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Each year, people fall prey to tax scams. That’s why the IRS sends a list of its annual “Dirty Dozen.” Stay safe and be informed – don;t become a victim. Click to read the full Read More
Some Individual Taxpayer Identification Numbers (ITIN) expire at the end of 2016. Click here to read the full article.
Do you plan to donate your time to charity this summer? If you travel for it, you may be able to lower your taxes. Click here for the full article.
For Small Businesses: IRS Raises Tangible Property Expensing Threshold to $2,500; Simplifies Filing and Recordkeeping
The Internal Revenue Service has simplified the paperwork and recordkeeping requirements for small businesses by raising from $500 to $2,500 the safe harbor threshold for deducting certain capital items. The change affects businesses that do not Read More
The holiday season often prompts people to give money or property to charity. If you plan to give and want to claim a tax deduction, there are a few tips you should know before you Read More
“Update your account now.” “You just won a cruise!” “The IRS has a refund waiting for you.” In the cyber world of phishing, the sentences are “bait” – lures from emails, telephone calls and texts Read More
When you apply for assistance to help pay the premiums for health coverage through the Health Insurance Marketplace, the Marketplace will estimate the amount of thepremium tax credit that you may be able to claim. Read More
December 2015 Tu 15 Corporations: Deposit the fourth installment of your 2015 estimated tax. January 2016 Th 15 Individuals: Pay the final installment of your 2015 estimated tax. Use Form 1040-ES. Th 15 Farmers and fishermen: Pay Read More
Following the emergence of new variations of widespread tax scams, the Internal Revenue Service has issued another warning to taxpayers to remain on high alert and protect themselves against the ever-evolving array of deceitful tactics Read More