Summertime Tips on Child Care Expenses
UncategorizedMany parents who work or are looking for work must arrange for care of their children under 13 years of age during the school vacation. Here are five facts to know about tax credits available for child care expenses. The Child and Depend...
Understanding a CP 2000 Letter
UncategorizedThe IRS compares the information reported by employers, banks, businesses and other payers on income documents like the Forms W-2, 1098, 1099, etc., with the income, credits and deductions you report on your income tax return. A CP 2000 ...
What to Know about Late Filing and Late Paying Penalties
UncategorizedBut if you owe tax, and you failed to file and pay on time, you will usually owe interest and penalties on the tax you pay late. You should file your tax return and pay the tax as soon as possible to stop them. Here are eight facts that ...
April 15th is Coming! Can’t Make the Filing Deadline?
UncategorizedIf you need extra time to file your returns this year file the Form 4868 request for an automatic extension. You can let us know you need an extension or you can request an extension by filing out form 4868 and mailing it to the IRS by A...
Didn’t File in 2011? IRS has $1 Billion Waiting
UncategorizedHere’s what you need to know about these two types of “missing money” and how to claim it: Unclaimed Refunds Most importantly you have until April 15, 2015 to claim any 2011 tax refunds. Some people earn income and may have t...
Top Six Tips about the Home Office Deduction
UncategorizedIf you use your home for business, you may be able to deduct expenses for the business use of your home. If you qualify you can claim the deduction whether you rent or own your home. If you qualify for the deduction you may use either th...
Some Taxpayers Received Wrong Tax Info from Health Insurance Marketplace
Uncategorized1) Approximately 800,000 taxpayers received an incorrect form 1095-A. 2) Form 1095-A is the Health Insurance Marketplace Statement. 3) You receive this form if you enrolled in a health insurance plan through the Marketplace 4) You only n...
The IRS Dirty Dozen” Tax Scams for 2015
UncategorizedPhone Scams: Aggressive and threatening phone calls by criminals impersonating IRS agents remains an ongoing threat to taxpayers. The IRS has seen a surge of these phone scams in recent months as scam artists threaten police arrest, dep...
What do You do if You Receive an Incorrect 1099
UncategorizedHere are the steps and points to remember. 1) First you should contact the business or individual who sent you the 1099 and explain why you think it is incorrect. 2) The IRS says if you cannot get this form corrected, attach an explanat...
Check Your Tax Refund All Tax Season Long
UncategorizedIf you would like to know when you will get your refund, just use the “Check Tax Refund” feature. On our website simply go to Check Tax Refund under Resources and follow the instructions. In most cases, you will need to have your Soc...