Category Archives: Taxes

Earned Income Tax Credit-Get It Right

If you are one of many Americans who earn a low to moderate income, you may be eligible for a tax credit that can increase your tax refund. This credit is known as the Earned Income Tax Credit, or more … Continue reading

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Five Things to Remember About Exemptions and Dependents for Tax Year 2017

The following article was published by the IRS. Most taxpayers can claim one personal exemption for themselves and, if married, one for their spouse. This helps reduce their taxable income on their 2017 tax return. They may also be able … Continue reading

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IRS Urges Travelers Requiring Passports to Pay Their Back Taxes or Enter into Payment Agreements; People Owing $51,000 or More Covered

The following article was published by the IRS. The Internal Revenue Service recently encouraged taxpayers who are seriously behind on their taxes to pay what they owe or enter into a payment agreement with the IRS to avoid putting their … Continue reading

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Updated 2018 Withholding Tables Now Available; Taxpayers Could See Paycheck Changes by February

The following article was published by the IRS. The Internal Revenue Service recently released Notice 1036, which updates the income-tax withholding tables for 2018 reflecting changes made by the tax reform legislation enacted last month. This is the first in … Continue reading

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Nine Facts About the Adoption Credit

The following article was published by the IRS. Adoptive parents around the country may qualify for a tax credit. Parents who either adopted a child or tried to adopt a child may claim the adoption credit. Here are nine things … Continue reading

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Get Ready for Taxes: Filing Electronically a Safe, Easy Way to File

The following article was published by the IRS. The Internal Revenue Service said recently that it expects more than 90 percent of all 2017 individual tax returns to be prepared using tax software. The majority of those will be e-filed. … Continue reading

Posted in Accounting, Compliance, E-file, Personal Finance, Personal Taxes, Planning Strategies, Self-Employed, Taxes, Year End | Tagged , , , ,

Get to Know the Taxpayer Bill of Rights – Part 1

This is the first tip in a two-part summary of the rights granted to all taxpayers. Every taxpayer has rights. The Taxpayer Bill of Rights takes these rights from the tax code and groups them into 10 categories. Taxpayers interacting … Continue reading

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