Everything Wives Should Know About Alimony No matter how hard we may try, we often find ourselves facing the reality that there is no one size fits all for successful marriages. Currently in America, about 40% to 50% of marriages end in divorce. With divorce comes plenty of paperwork, emotional hardship, and financial discord. If… Read More »
Here are facts to help taxpayers understand the different filing statuses Taxpayers don’t typically think about their filing status until they file their taxes. However, a taxpayer’s status could change during the year, so it’s always a good time for a taxpayer to learn about the different filing statuses and which one they should use.… Read More »
Organizations across the country seeking volunteers to help taxpayers The IRS and its community partners are seeking people across the country to become volunteers certified by the IRS on their sites for free tax preparation. Volunteers can begin now to join one of these programs that offer valuable taxpayers US aid. Voluntary Assistance Program Taxpayers (VITA acronym in English): VITA… Read More »
Hiring Law Representative: # 9 of the Taxpayer Bill of Rights The right to hire a representative in dealing with the IRS, is one of the ten rights in the Bill of Rights as a Taxpayer . Taxpayers dealing with the IRS must know their rights. The right to hire a representative means: Taxpayers have the right to hire… Read More »
The Right to Retain Representation: Taxpayer Bill of Rights #9 The right to retain representation when dealing with the IRS is one of ten rights in the Taxpayer Bill of Rights. Taxpayers who interact with the IRS should be aware of their rights. The right to representation means: Taxpayers have the right to retain an authorized… Read More »
The Right to a Fair and Just Tax System: Taxpayer Bill of Rights #10 All taxpayers have the right to a fair and just tax system. This is one of 10 rights in the Taxpayer Bill of Rights, which clearly outline the fundamental rights of every taxpayer. Here’s what the IRS wants all taxpayers to know… Read More »
IRS Offers Tips about Tips Generally, income received in the form of tips is taxable. Here’s some information to help taxpayers correctly report the income they receive as a tip: Use the Interactive Tax Assistant. The ITA tool is a tax-law resource that asks taxpayers a series of questions and provides a response based on… Read More »
Have you missed the deadline for filing your taxes? IRS offers these tips on what to do IR-2018-102SP, April 23, 2018 WASHINGTON – While the deadline has passed federal tax for most people, there are still some taxpayers who have outstanding tax matters. This includes people who have not yet submitted their statements, others who have not… Read More »
The right to have a tax system that is fair and adequate: # 10 of the Taxpayer Bill of Rights All taxpayers have the right to a fair and adequate tax system. This is one of the 10 rights in the Charter of Taxpayer Rights , which clearly defines the fundamental rights of all taxpayers. The IRS… Read More »
IRS and Security Summit partners warn new twist on telephone scams; Thieves target contributors to IRS.gov to “verify” calls IR-2018-103SP, April 24, 2018 WASHINGTON – The Internal Revenue Service today warned of a new twist on an old phone scam as criminals use telephone numbers that mimic Centers Assistance (TAC) of the IRS to lure… Read More »
Taxpayers can visit IRS.gov/espanol to resources that help you understand the tax reform Taxpayers who have questions about the Employment Act and tax cuts have several resources to help answer questions. This legislation, enacted in December 2017, changed many areas of the tax law. The following are some of the resources available in IRS.gov/espanol that will help… Read More »
IRS Dirty Dozen: Beware these 12 scams The IRS reminds taxpayers to beware of scams and frauds that put them at risk along with your personal information. Each year, the IRS publishes the top 12 scams known as the Dirty Dozen. The scams range from the simple inflation refund technical treatment on tax shelters. Following is a… Read More »
Tips for Using Withholding Calculator The IRS recommends that taxpayers use the calculator Retention in IRS.gov/espanol, to “verify your paycheck” and verify that their employers withhold the correct amount of income taxes from their paychecks. Withholding Calculator can help prevent employees have too little or retention of your paycheck. Have very few withholding taxes can result in… Read More »
Guide to Tax Season: IRS.gov Make your first stop for help and fast answers to tax questions IR-2018-76SP, March 27, 2018 WASHINGTON – With the deadline to file taxes on April 17th fast approaching, taxpayers can find most of the answers to your tax questions, if you take advantage of the wide variety oftools online easy to use, available… Read More »
IRS has billions of dollars in refunds for those who did not file a tax return in 2014 IR-2018-44SP, March 8, 2018 WASHINGTON – The Internal Revenue Service (IRS) announced today that a total of billions of dollars in rebates that were never claimed could be waiting for a million taxpayers who did not file… Read More »
Taxpayers Should Report Name Changes Before Filing Taxes When a taxpayer changes their name, that change can affect their taxes. All the names on a taxpayer’s tax return must match Social Security Administration records. A name mismatch can delay a tax refund. Here’s what a taxpayer should do if anyone listed on their tax return… Read More »
IRS scam alert taxpayers refunds The IRS warns taxpayers of a new twist on an old scam. Criminals fraudulent tax refunds deposited on actual bank accounts of individuals, and then try to claim reimbursement from taxpayers. These are the basic steps that follow criminals to carry out this scam. The thief: It infiltrates computers tax preparers to… Read More »
Taxpayers with Expired ITINs Should Renew Them Now to File Their 2017 Taxes Taxpayers with an expired Individual Taxpayer Identification Number should renew it as soon as possible if they need to file a 2017 tax return. They can renew it by submitting a Form W-7. Tax returns with expired ITINs will face delays. Affected taxpayers may… Read More »
IRS clarifies some common myths tax season IRS YouTube video: Do you claim the EITC and ACTC? Your refund may be delayed: Spanish IR-2018-20SP, February 7, 2018 WASHINGTON – With the tax season in full swing, the Internal Revenue Service today offered taxpayers some basic tips on taxes and reimbursements to clear up some common misconceptions. Myth 1:… Read More »
Identity theft key indicators continue IRS dramatic decline in 2017; Security Summit highlights progress against identity theft IR-2018-21SP, February 8, 2018 WASHINGTON – The Internal Revenue Service, IRS, announced today that in 2017 there were marked reductions in identity theft related to tax, attributing the success to the efforts of the Security Summit that help protect taxpayers in the… Read More »
Steps to help people protect their data from thieves Taxpayers can follow a few simple to protect your personal and financial data online and at home steps. Criminals continue to steal large amounts of personal data of taxpayers and tax preparers. Thieves use this information to file fraudulent tax returns or commit other crimes to impersonate victims. All taxpayers… Read More »
Taxpayers Can Spread the Word About Tax Credit that Benefits Friends and Family The earned income tax credit provides a boost to workers, their families and the communities where they live. A tax credit usually means more money in the taxpayer’s pocket. Many qualified taxpayers don’t claim this credit simply because they don’t know about it. In… Read More »
Important Facts IRS Free File Millions of Americans use IRS Free File to file your federal taxes. It is safe and free. Taxpayers can use the branded software or Free File Fillable Forms. IRS Free File Combine withdirect deposit () it is the fastest and safest way to get a refund. Here are five things to remember about… Read More »
Many People in Rural Areas Can Benefit from EITC The IRS wants taxpayers living in rural communities to be aware of the earned income tax credit and correctly claim it if they qualify. Many qualified individualsand families who live in rural areas don’t claim the EITC. There are many reasons for this. They may: Think they are ineligible.… Read More »
Spring 2017 Statistics of Income Bulletin Now Available WASHINGTON — The Internal Revenue Service today announced that the Spring 2017 Statistics of Income Bulletin is now available on IRS.gov. The Statistics of Income (SOI) Division produces the online Bulletin quarterly, providing the most recent data available from various tax and information returns filed by U.S.… Read More »
How to Pay Zero Taxes, 2017: Your Guide to Every Tax Break the IRS Allows by Jeff A. Schnepper Tax time can be a serious drain on your resources―emotionally and financially. For over three decades How to Pay Zero Taxes has helped people just like you save money on their taxes. Engagingly written to make even… Read More »
J.K. Lasser’s Your Income Tax Professional Edition 2017 by J.K. Lasser Institute Hardcover: 1032 pages Publisher: Wiley; 1 edition (December 19, 2016) J.K. Lasser’s Your Income Tax: Professional Edition 2017 offers individual taxpayers and tax professionals the latest, most up to date tax information. Completely annotated, this authoritative text guides you toward the case law, IRS code… Read More »
U.S. Master Tax Guide 2017 CCH’s U.S. Master Tax Guide – Hardbound Edition provides helpful and practical guidance on today’s federal tax law. This 100th Edition reflects all pertinent federal taxation changes that affect 2016 returns and provides fast and reliable answers to tax questions affecting individuals and business income tax. 1008 pages Publisher: Cch… Read More »
Free Book on Aspects of International Taxation — A study (Revised 2016) (Case laws are updated till July, 2016) Download Book on Aspects of International Taxation — A study International Taxation due to its dynamic and ever changing nature has always been a complex subject not only to study but to practice. Due to increase in… Read More »
Yearly Tax Digest & Referencer (Set of 2 Volumes) Hardcover – 2016 Volume 1 : A Section -wise case book of Judgments of Supreme Court/High Courts reported in www.taxmann.com & various Tax Journals in year 2015. Also Incorporating:Section -wise Compendium of Circulars issued by CBDT during 2015, Text of notifications issued during 2015 ******* Volume… Read More »