Give Withholding and Payments a Check-up to Avoid a Tax Surprise Some people are surprised to learn they’re due a large federal income tax refund when they file their taxes. Others are surprised that they owe more taxes than they…
Albany, NY Some 16,000 delinquent taxpayers were put on notice in August: Pay up or lose your driver's license. The Department of Taxation and Finance sent the warnings to implement new provisions of law enacted with the state budget. Gov.…
Going to college can be a stressful time for students and parents. The IRS offers these tips about education tax benefits that can help offset some college costs and maybe relieve some of that stress. • American Opportunity Tax Credit. This…
Is the best defense a good offense? Maybe, and the IRS is still under scrutiny for targeting. Hate The IRS? You’ll Love These Laws. The tax agency is doing some targeting of its own, fingering at least 20,000 small businesses.…
Social Security took a cut out of every paycheck we ever earned, and the money was used to pay benefits to our grandparents, parents and older siblings. Now, finally, it's our turn, and it's only natural that we want our…
We have been made aware of an email being sent around allegedly from the IRS. This is a fraud and an attempt at ID theft. The IRS will never email you asking for your social security number or any bank…
(Bloomberg) The Internal Revenue Service will close all of its public operations on five days from now through August because of employee furloughs, IRS Acting Commissioner Steven T. Miller told employees in a memo Friday. The tax agency will be…
The Internal Revenue Service has released its annual “Dirty Dozen” list of tax scams, advising taxpayers to be aware of identity theft, phishing scams and several other red flags that can cause financial mayhem. Granted, tax fraud can strike any…
We're often looking for articles that describe perfectly our sentiments on various topics. This one in particular sorts out the good, the bad about financial advisors. By Aaron Shepherd Recently, I've been looking at the pros and cons of working…
Just an FYI to our loyal clients: A software glitch caused more than 600,000 2012 tax returns to be filed incorrectly, delaying refunds by as long as six weeks, the Internal Revenue Service said. H&R Block, the nations's largest tax…
Via the great By Seth Fineberg Free online bookkeeping and tax software maker Outwright.com is offering a new version of its mobile iPhone app with automated gas mileage tracking and receipt picture saving and storing capabilities. With the new gas mileage…
A recent article from the IRS helps us better understand what an "Accountable Plan" really is. Check this out. Definition: An accountable plan is an employee reimbursement allowance arrangement or a method for reimbursing employees for business travel expenses that complies with IRS…
From Accounting Today: By Michael Cohn The Internal Revenue Service said Wednesday that it has observed problems with the filings for education tax credits that could be delaying processing of the tax returns. “We have observed instances in which the Form…
By Joanne Fritz, About.com Guide Do you volunteer? If so, congratulations! Volunteerism is one of the most cherished of American values. You are one of the nearly 62.8 million Americans who volunteer every year, and the worth of your volunteer…
Confused about the wide world of 1031 Tax Deferred property exchanges? This article from ExchangeSmart.com lays it out for you. WHAT'S THE FIRST STEP? Always discuss a §1031 tax deferred exchange with your tax and/or legal advisors. Call Asset Preservation…
