IRS: Don’t be victim to a ‘ghost’ tax return preparer
WASHINGTON – Today, towards the end of the second full week of the 2019 tax filing season, the Internal Revenue Service warned taxpayers to avoid unethical tax return preparers, known as ghost preparers. By law, anyone who is paid to prepare or assist in preparing federal tax returns must have a valid 2019 Preparer Tax […]
Here’s what taxpayers should consider when determining if they need to file
IRS Tax Tip 2019-03, January 31, 2019 As people prepare to file their taxes, there are things to consider. They will want to determine if they need to file and the best way to do so. For tax year 2018, all individual taxpayers will file using the new Form 1040. Forms 1040A and 1040EZ are […]
Did you know it is possible to get a refund even if you didn’t make enough to be required to file a tax return?
The Earned Income Tax Credit, EITC or EIC, is a benefit for working people with low to moderate income. To qualify, you must meet certain requirements and file a tax return, even if you do not owe any tax or are not required to file. EITC reduces the amount of tax you owe and may […]
10 Tax Tips To Learn For 2019
As 2018 draws to a close, it’s time to consider tax planning strategies that will lower your 2018 tax liability. There is still time to implement many tax savings strategies before the end of the year which can lower your tax bill for 2018 and beyond. There are many overlooked situations which business owners can […]
Watch Out for Income Tax Refund Fraud!
Tax refund fraud is one of the fastest-growing forms of identity theft. A thief steals your identity, then uses it to file a bogus tax return with the IRS. The return includes a very generous refund, which is paid to the thief. The thief files the return early in the year before you have a […]
10 best tax-planning tips for 2019
With the end of 2018 approaching, it’s time to start strategizing about how you’ll handle your federal tax bill, and it’s even more complicated this year because multiple changes to tax rules have gone into effect. State and local tax deductions are now capped at $10,000, estate tax exemptions have doubled, home equity debt can […]