by Jackie | Sep 18, 2017 | News and Updates
Victims of Harvey have till Jan. 31 to file 2016 returns, assuming they previously got proper filing extensions. This deadline also applies to estimated tax payments originally due on Sept. 15 and on Jan. 16, 2018, as well as to payroll tax filings and excise tax...
by Jackie | Sep 18, 2017 | News and Updates
Tax Debts: Individuals who owe back taxes to IRS can check their balances online.The Revenue Service has a web-based tool that shows the amount of taxes due for each tax year, up to 18 months of payment history, and interest and penalties. Users first have to go...
by Jackie | Sep 6, 2017 | News and Updates
The beginning of the school year is a good time for a reminder of the tax benefits for education. These benefits can help offset qualifying education costs. Here is information about two tax credits available to those who pay higher education costs for themselves, a...
by Jackie | Aug 31, 2017 | News and Updates
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 the payer, and the recipient must include it in income. Name or...
by Jackie | Aug 16, 2017 | News and Updates
Taxpayers may be able to deduct certain expenses of moving to a new home because they started or changed job locations. Use Form 3903, Moving Expenses, to claim the moving expense deduction when filing a federal tax return. Home means the taxpayer’s main home. It does...
by Jackie | Aug 3, 2017 | News and Updates
Homeowners may qualify to exclude from their income all or part of any gain from the sale of their main home. Below are tips to keep in mind when selling a home: Ownership and Use. To claim the exclusion, the homeowner must meet the ownership and use tests. This means...