The Way You Obtain Health Insurance Can Affect Your Tax Return
The Affordable Care Act has been in place a few years now, and you’ve probably noticed that the tax reporting you have to do on your personal return depends in part on […]
Correct Those Tax Return Errors
What should you do when you discover an error on an already-filed tax return? In most cases, the answer is: prepare and file a correction or an amended return. Here’s […]
4 IRS Hot Buttons: Defending Your Business Against Tax Audits
Everyone has at least one pet peeve. The IRS has many. Here are some items that the tax agency may target on a business’s tax return — and ways to […]
Properly Substantiating Donations Will Protect Your Charitable Deduction
Whether you’re totaling up last year’s donations in preparation for filing your 2014 tax return or you’re starting to plan your charitable giving for 2015, it’s important to understand the […]
Your 2013 Tax Return Is Filed…What Tax Records Can You Toss?
The short answer is: none. You need to hold on to all of your 2013 tax records for now. But this is a great time to take a look at […]
Time To Take Stock Of Your 2013 Taxes
With the tax season soon upon us, and the IRS set to begin accepting 2013 tax returns on January 31, it is a good time to take stock of your […]
Will Congress Revive Expired Tax Breaks?
Many valuable tax breaks expired at the end of 2013. But Congress probably will revive at least some of them, likely retroactively to Jan. 1, 2014. The question is exactly […]
Interest Rates Can Affect Your Taxes
Do you keep up with fluctuations in interest rates? The IRS does too, and changes in those rates could affect your tax return. For instance, applicable federal rates, or AFRs, […]
What to Do if Your Tax Identity Has Been Stolen
Have you gotten a tax bill you weren’t expecting based on income you never received? Has your return been rejected, or your refund delayed? These unanticipated incidents may indicate your […]
Know Which Tax Records To Keep?
It’s that time of year that businesses and individuals start to clean and want to toss old unnecessary documents. There are a few items to consider as you start your […]