Individual
FASFA Simplified in 2016
The financial aid process for colleges is receiving a face-lift in 2016 — a streamlined and simplified FASFA.
Read MoreTen Things to Know about Identity Theft & Your Taxes
Ten Things to Know about Identity Theft & Your Taxes Learning you are a victim of identity theft can be a stressful event. Identity theft is also a challenge to businesses, organizations and government agencies, including the IRS. Tax-related identity theft occurs when someone uses your stolen Social Security number to file a tax return…
Read MoreHome Office Deduction: Top Tips
Home Office Deduction Using your home for business may qualify you for additional tax breaks, deducting expenses for the business use of your home. If you qualify for the deduction, you may use either the simplified method or the regular method to claim your deduction. This tax deduction may be claimed whether you rent or…
Read MoreStay Vigilant Against Bogus IRS Phone Calls and Emails
Stay Vigilant Against Bogus IRS Phone Calls and Emails Common tax scams recently appearing are phone calls and emails from people pretending to be from the IRS. These bogus calls involve thieves using the IRS name, logo or a fake website to try to steal your money. If your personal information is stolen, you may…
Read MoreScam Phone Calls Continue; IRS Unveils New Video to Warn Taxpayers
Scam Phone Calls Continue; IRS Unveils New Video to Warn Taxpayers WASHINGTON — As incidents of an aggressive telephone scam continue across the country, the Internal Revenue Service unveiled a new YouTube video with a renewed warning to taxpayers not to be fooled by impostors posing as tax agency representatives. The new Tax Scams video…
Read More2015 Tax Changes for Individuals
2015 Tax Changes for Individuals There are many important tax changes taking effect in 2015. They are the result of the Tax Increase Prevention Act of 2014 (TIPA) as well as other tax legislation, or are triggered by effective dates in regulations, rulings and other guidance. Also, a number of important final regulations go into…
Read More6 Tips for Year-End Gifts to Charity
6 Tips for Year-End Gifts to Charity Many people give to charity each year during the holiday season. Remember, if you want to claim a tax deduction for your gifts, you must itemize your deductions. There are several tax rules that you should know about before you give. Here are six tips that you should…
Read MoreAffordable Care Act Provisions Affecting Individuals
Affordable Care Act Provisions Affecting Individuals Fact Sheet 2014-09, November 2014 IRS has released a Fact Sheet providing details on key provisions of the Affordable Care Act (ACA) that first went into effect at the beginning of this year. IRS notes that the most important ACA tax provision for individuals and families is the premium…
Read MoreBack-to-School Tax Credits
Back-to-School Tax Credits With fall semesters at colleges getting started this month, you may want to keep in mind that some of the costs paid for higher education for you, your spouse, or your dependents, can save you money at tax time. Here are several important facts you should know about education tax credits: American…
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