Why is it so important to get Form 8879 back to your tax preparer? If you have used a CPA firm or other tax preparer to file your taxes in…
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A group of tax deductions and credits have been extended into 2021 and beyond, and qualifying taxpayers may want to start planning now. These tax credits and deductions can really…
The 2020 election season has almost ended. What do election outcomes mean for investors? We dug into campaign promises, economic performance, and other issues during our recent webinar, “The election…
Cancellation of debt is an issue that often arises around tax time and is something that every taxpayer should understand. Many people are relieved to reach the end of a…
In his recent State of the Union Address, President Obama introduced America to MyRA (or, “My Retirement Account”) for people who lack employer-sponsored retirement plans. He signed a presidential memorandum…
The IRS offices and call centers are closed! But don’t get excited yet… it’s not going to be a tax holiday. If you call the IRS, you’ll hear the following…
The Internal Revenue Service has released information that affects filers who intend to claim education credits. According to their latest Newswire issue, the IRS will not be able to accept…
Last Thursday, President Obama stood before a joint session of Congress and called on both parties to pass his new jobs bill and pass it quickly. He has stated that…
About 20,000 individuals and 24,000 businesses have been randomly chosen and will soon get letters from the IRS. Don’t panic, these are not collection letters. These IRS surveys will help them…
What’s the difference between a delinquent taxpayer and the IRS? Delinquent taxes are due right away, but the IRS now has a 16 week waiting period to even process most…
