2015 ? American Opportunity Credits ? DELAYED
From our inside sources we are hearing that the IRS will be holding refunds with the American Opportunity Tax Credit. The word is that the IRS is...
IRS Bitter About Budget
It seems that IRS Commissioner John Koskinen is too busy steaming over the IRS budget cuts to worry about the Republicans and Democrats battling...
Obama Threatens to Veto Tax Extenders
As attempts to wrap up permanent tax-break extensions for corporations, college students and residents of states without income taxes were in...
Ebola Chartity and Expense Tax Breaks
President Obama finally addressed the public stating that the Ebola Virus outbreak in West Africa is a public health emergency,a humanitarian...
Tip Areas Hit By Scam Calls
Even if the caller ID shows the call is from the Internal Revenue Service, don’t believe it! These con artists that are targeting innocent taxpayers...
Tax Tools for Your Clients
Here are a few tools that your clients may or may not fully comprehend. If you can help them understand the possible benefits then they may be able...
Clarification from IRS on Mass Transit Passes
The Internal Revenue Service has released a new revenue ruling on mass transit passes provided as fringe benefits to employees, how they are paid...
IRS 1040 E-File Shutdown/Cutover Schedule
The shutdown is coming earlier this year in order to make preparations for reprogramming the 2015 tax season. Note that acknowledgments may be...
Possible Delay to Tax Season Looms
Oh no, not another possible delay coming for the 2015 tax year. The IRS commissioner John Koskinen has warned congress that if they don’t make...
It’s PTIN Time!
The IRS has announced that you can now renew and apply for your 2015 Preparer Tax Identification Number (PTIN)! You may login to the IRS Online...
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Recent Posts
Determining the Right Number of Tax Exemptions to Claim
The number of tax exemptions you claim on your W-4 form significantly affects the amount of federal income tax withheld from your paycheck. If you claim fewer exemptions, more taxes will be withheld, and vice versa. However, claiming too many or too few exemptions can...
Understanding Tax Garnishment: How to Check If Your Tax Return Will Be Affected
Tax garnishment is the process where a creditor can legally seize part of a taxpayer’s wages, bank accounts, or other assets to pay for an outstanding debt. During tax season, this garnishment process can cause complications and delays in receiving your tax return if...
Top Tax Preparation Software for Accountants: Streamline Your Tax Season
It's no secret that taxes can be a difficult and time-consuming task to complete. Without the proper knowledge and expertise, it is easy to make costly mistakes that lead to bad consequences. To help simplify this process, many tax preparation software programs are...
Cloud-Based Tax Preparation Software: The Future of Tax Filing
Tax software is an invaluable tool for anyone who needs to file their taxes each year. It helps users quickly and easily enter their financial information and e-file their federal and state tax returns. There are several highly recommended options available, from...
Checking the Status of Your Amended Tax Return: A Step-by-Step Guide
Filing a tax return can be a tedious process, but it is necessary to ensure that individuals pay the correct amount of taxes owed and receive any refunds that they are eligible for. However, it is sometimes easy to make mistakes when filing your taxes. An amended tax...