2015 TAX EXTENDERS LAW
On December 18, 2015 the President signed the 2015 tax extenders bill in to law. While this law once again…
TELEPHONE AND EMAIL SCAMS AND THE IRS – WHAT YOU SHOULD KNOW
Over the past few years there have been an increasing number of both telephone and email scams targeting taxpayers and…
YEAR-END TAX PLANNING – IS IT THAT TIME ALREADY?
I realize that we have not yet hit Halloween so how can I possibly be writing about year-end tax planning? …
What is the Kiddie Tax?
The kiddie tax is a tax first instituted in 1986. The purpose of the kiddie tax was to prevent wealthy…
CHILD AND DEPENDENT CARE CREDIT VS. CHILD TAX CREDIT. WHAT’S THE DIFFERNCE?
There is very often confusion among taxpayers as to the difference between the child and dependent care credit and the…
I DID NOT FILE MY INCOME TAX RETURN BY APRIL 15TH, WHAT DO I DO NOW?
As most people know the filing deadline for income tax returns is April 15th however not everyone always files by…
ADVANTAGES OF EMPLOYING FAMILY MEMBERS
In today’s environment there are many businesses that are owned as sole proprietorships, partnerships and LLCs. If you are an…
IDENTITY THEFT AND THE HEALTH INSURANCE PREMIUM TAX CREDIT
This article discusses both taxpayer identity theft and the health insurance premium tax credit. IRS tips on identity theft …
WHAT ARE THE 2014 TAX PROVISION CHANGES I SHOULD BE AWARE OF?
Various tax provisions – 2013 vs. 2014 The maximum IRA deduction allowed for 2013 is $5,500 and will remain $5,500…
TAX SEASON 2014 UPDATE
The IRS announced in October of this year that it will not start accepting and processing 2013 income tax returns…