Filing Errors That Cause IRS Tax Audits
IRS Auditor The Internal Revenue Service recently announced it will not require taxpayers to amend their returns or pay back any extra money they received in their refunds due to incorrect health...
View ArticleTen Overlooked Tax Deductions and Tax Credits
Top ten overlooked tax write-offs which can lower your tax liability. 1. Work-related moving expenses. Perhaps you had a long-marriage relationship, and your spouse recently changed jobs so you could...
View ArticleLast Minute Move Could Save You Thousands on Taxes
If you haven't filed your tax return yet and are searching for ways to reduce your tax bill, I have good news. You have until April 15, to contribute to a traditional individual retirement account for...
View ArticleTax Tips for Starting a Business
IRS Tax Tips for Starting a Business When you start a business, a key to your success is to know your tax obligations. You may not only need to know about income tax rules, but also about payroll tax...
View ArticleFive Tax Advantages to Getting Married
If you have plans to get married or recently tied the knot, you may wonder what the impact is on your taxes. You’ve no doubt heard about the “marriage tax” – an unofficial term for various parts of...
View ArticleHow to Pay Less Taxes, and Increase Your Assets
Congress votes on over 100 new tax laws each year. It matters whose in Congress. But there are ways to tax plan and build wealth. The path to wealth is highlighted by what the IRS deems as important....
View ArticleUnderstanding Your Form 1095-B, Health Coverage
Form 1095-B, Health Coverage, is used to report certain information to the IRS and to taxpayers about individuals who are covered by minimum essential coverage and therefore aren’t liable for the...
View ArticleLower Your Taxes With Year End Gifts to Charity, Video
Rules for Charitable Contributions of Clothing and Household Items Household items include furniture, furnishings, electronics, appliances and linens. Clothing and household items donated to charity...
View ArticleAn IRS e-Filed Tax Return, Doesn’t Mean You Got It Right
Special Message from Tax Accountant’s Desk: Just because a tax-payer e-files his/her return and the return is accepted by the IRS doe NOT mean the tax-payer has received all of the legal tax...
View ArticleTax Credits Cut Taxes, Home Energy Credits
Home Energy Credits Save Money and Cut Taxes You can trim your taxes and save on your energy bills with certain home improvements. Here are some key facts to know about home energy tax credits:...
View ArticleForeign Account Filings Top One Million Says the IRS, Filing Requirements
The IRS is targeting offshore, U.S. citizens and tax filing requirements. This is a press release sent to IRS tax professionals recently. Foreign Account Filings Top 1 Million; Taxpayers Need to Know...
View ArticleThe ATM Is a Sneaky IRS Tax Which “Claims” More Taxpayers Each Year
Five Things You Should Know about the AMT – (Directly From the IRS) You may not know about the Alternative Minimum Tax because you’ve never had to pay it before. However, your income may have changed...
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