Category Archives: Personal Taxes

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

Posted in IRS, Personal Finance, Personal Taxes, Planning Strategies, Tax Tips, Year End | Tagged , , , , | Leave a comment

Plan now to Use Health Flexible Spending Arrangements in 2018; Contribute up to $2,650; $500 Carryover Option Available to Many

The following article was published by the IRS. The Internal Revenue Service today reminded eligible employees that now is the time to begin planning to take full advantage of their employer’s health flexible spending arrangement (FSA) during 2018. FSAs provide … Continue reading

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Get Ready for Taxes: Plan Ahead for 2018 Filing Season to Avoid Refund Delays

The following article was published by the IRS. The Internal Revenue Service today advised taxpayers about steps they can take now to ensure smooth processing of their 2017 tax return and avoid a delay in getting their refund next year. … Continue reading

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IRS Reminds Parents, Students to Explore Education Resources on IRS.gov

The following article was published by the IRS. The Internal Revenue Service today reminded parents and students that there are many tax benefits available to them, and the easiest way to learn more about them is through the education resources … Continue reading

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Protect Yourself After the Equifax Data Breach

This article was published by the IRS. The recent Equifax hack has credit users on edge, wondering if they were a victim and if so, what steps they should take. The first step is to find out if you were … Continue reading

Posted in Data Security, Fraud, In the News, Personal Finance, Personal Taxes, Planning Strategies | Tagged , , , , , ,

As Hurricane Irma Threatens, IRS Urges Taxpayers to Prepare for Hurricanes, Floods and Other Disasters

For September’s National Preparedness Month, the Internal Revenue Service is offering advice to taxpayers who may be affected by storms, fires, floods or other disasters. After the devastation of Hurricane Harvey and with Hurricane Irma threatening parts of the U.S. … Continue reading

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Divorce or Separation May Affect Taxes

The following article was published by the IRS. Taxpayers who are divorcing or recently divorced need to consider the impact divorce or separation may have on their taxes. Alimony payments paid under a divorce or separation instrument are deductible by … Continue reading

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