IRS Warns Consumers of Possible Scams Relating to Orlando Mass Shooting
UncategorizedWhen making donations to assist victims of last weekend’s terrible tragedy, there are simple steps taxpayers can take to ensure their hard-earned money goes to legitimate charities. IRS.gov has the tools taxpayers need to quickly and e...
Summertime Tips on Child Care Expenses
UncategorizedMany parents who work or are looking for work must arrange for care of their children under 13 years of age during the school vacation. Here are five facts to know about tax credits available for child care expenses. The Child and Depend...
IRS Warns of Latest Scam Variation Involving Bogus “Federal Student Tax”
UncategorizedEven though the tax deadline has come and gone, scammers continue to use varied strategies to trick people, in this case students. In this newest twist, they try to convince people to wire money immediately to the scammer. If the victim ...
Benefits for Military Personnel
UncategorizedCombat pay is partly or fully tax-free. Reservists whose reserve-related duties take them more than 100 miles from home can deduct their unreimbursed travel expenses on Form 2106 or Form 2106-EZ, even if they don’t itemize their ded...
New Overtime Rules Go into Effect on December 1, 2016
UncategorizedThe FLSA ensures minimum wage and overtime pay protections for most employees covered by the Act. Some workers, including bona fide executive, administrative, and professional employees, are exempt from those protections. There are tests...
May 16 Is Filing Deadline for Many Tax-Exempt Organizations
UncategorizedWith the May 16 filing deadline facing many tax-exempt organizations, the IRS cautioned these groups not to include Social Security numbers (SSNs) or other unneeded personal information on their Forms 990, and consider taking advantage o...
Tax Information for Students Who Take a Summer Job
UncategorizedTax Information for Students Who Take a Summer Job Many students take a job in the summer after school lets out. If it’s your first job it gives you a chance to learn about the working world. That includes taxes we pay to support the p...
How Long Do you Need to Keep Your Tax Records
UncategorizedWhy Keep Records There are many reasons to keep records. In addition to tax purposes, you may need to keep records for insurance purposes or for getting a loan. Good records will help you: Identify sources of income. You may receive mo...
IRA Contribution FAQ’s
UncategorizedThe contribution limit for 2016 is $5,500, or $6,500 if you’re age 50 or older. Your Roth IRA contributions may also be limited based on your filing status and income. See IRA Contribution Limits. Is my IRA contribution deductible on ...
Tax Design Challenge to Begin: Public Invited to Imagine the Taxpayer Experience of the Future
UncategorizedThe effort, being done in coordination with the Mortgage Bankers Association (MBA), is a crowdsourcing competition open to the public. The competition will engage teams of designers, developers, and innovative thinkers across the U.S. to...