Last-Minute Filing Tips

Last-Minute Filing Tips Español If you haven’t done your taxes yet, don’t despair. There’s no time like the present to prepare and file your tax return. Visit IRS.gov for tax tools and help that can make filing your tax return a bit less taxing. Don’t delay.  Don’t wait until the last minute to do your… Read More

File on Time Even if You Can’t Pay

  File on Time Even if You Can’t Pay Español   Do you owe more tax than you can afford to pay when you file? If so, don’t fail to take action. Make sure to file on time. That way you won’t have a penalty for filing late. Here is what to do if you… Read More

Tax Tips for Deducting Gifts to Charity

  Tax Tips for Deducting Gifts to Charity Español The holiday season often prompts people to give money or property to charity. If you plan to give and want to claim a tax deduction, there are a few tips you should know before you give. For instance, you must itemize your deductions. Here are six… Read More

Foreign Account Filings Top 1 Million; Taxpayers Need to Know Their Filing Requirements

Foreign Account Filings Top 1 Million; Taxpayers Need to Know Their Filing Requirements Strong and sustained growth of taxpayers complying with foreign financial account reporting reflects improving awareness and compliance of this important part of offshore tax rules, the Internal Revenue Service said today. “Taxpayers here and abroad need to take their offshore tax and… Read More

Tax Tip Guide: Updated Tax Guide Helps People with Their 2015 Taxes

Tax Time Guide: Updated Tax Guide Helps People with Their 2015 Taxes Taxpayers can get the most out of various tax benefits and get useful tips on preparing their 2015 federal income tax returns by consulting a free comprehensive tax guide available on IRS.gov. Publication 17, Your Federal Income Tax, features details on taking advantage… Read More

Alert: Scammers phish for mortgage closing costs

Scammers phish for mortgage closing costs March 18, 2016 by Colleen Tressler Consumer Education Specialist, FTC Buying a home is exciting. You saved for the down payment, scheduled the move, and are dreaming of planting new roots. Closing is right around the corner… unless a scammer gets your settlement fees first. The Federal Trade Commission… Read More

Check Out this Chart to Discover How the Health Care Law Affects You

  Check Out this Chart to Discover How the Health Care Law Affects You The Affordable Care Act includes the individual shared responsibility provision and the premium tax credit. This chart explains how the health care law may affect you and your tax return.  IF YOU… THEN YOU… Are a U.S. citizen or a non-U.S…. Read More

IRS Business Audits Nose Dive Due to Budget Cuts

The Internal Revenue Service’s audits of business tax returns have declined steeply in recent years, thanks to successive rounds of budget cuts, according to a new analysis. Syracuse University’s Transactional Records Access Clearinghouse, or TRAC, analyzed the IRS’s records from fiscal year 2010 through fiscal year 2015 and found revenue agent hours aimed at corporations… Read More

Tax Guide: Tools for Quicker Answers

Tax Guide: Tools for Quicker Answers Take advantage of the numerous online tools and resources available on IRS.gov. This is the first in a series of 10 IRS tips called the Tax Time Guide. These tips are designed to help taxpayers navigate common tax issues as this year’s April 18 deadline approaches. It will offer… Read More

9 Common Tax-Filing Errors

Avoid Errors; File an Accurate Return The IRS encourages you to file an accurate tax return. Take extra time if you need it. If you make an error on your return then it will likely take longer for the IRS to process it. That could delay your refund. You can avoid many common errors by… Read More