Author: team

Many parents pay for childcare or day camps in the summer while they work. If this applies to you, your costs may qualify for a federal tax credit that can lower your taxes. Here are 10 facts that you should know about the Child and Dependent Care Credit:

Ah, summertime! Warm days, rest and recreation and…tax scams. Thieves don’t stop victimizing unsuspecting taxpayers with their scams after April 15. Identity theft, phone and phishing scams happen year-round. Those three top the IRS’s ‘Dirty Dozen’ list of tax scams this year. Here’s some important information you should know about these common tax scams:

If you get a tax bill from the IRS, don’t ignore it. A delay may cost you more in the long run. The longer you wait the more interest and penalties you may have to pay. Here are five tips to help you avoid those extra charges:

Some natural disasters are more common in the summer. But major events like hurricanes, tornadoes and fires can strike any time. It’s a good idea to plan for what to do in case of a disaster. You can help make your recovery easier by keeping your tax and financial records safe. Here are some basic…

The Internal Revenue Service today announced that interest rates will remain the same for the calendar quarter beginning July 1, 2014.  The rates will be:  

When and individual files for bankruptcy, they may exempt particular categories of assets from the bankruptcy estate.  One such category includes certain retirement funds.  The question presented is whether funds contained in an inherited individual retirement account (IRA) qualify as retirement funds within the meaning of this bankruptcy exemption.  The Supreme Court holds that they…

IRS has issued final Regs that make various changes to Circular 230, the rules on practice before IRS.  The most significant items in the final Regs are the elimination of complex rules governing “covered opinions” and expansion of the requirements for written advice.

With the start of hurricane season this week, the Internal Revenue Service encourages individuals and businesses to safeguard their records against natural disasters by taking a few simple steps.

Taxpayers abroad qualifying for an automatic two-month extension must file their 2013 federal income tax returns by Monday, June 16, according to the Internal Revenue Service.

The Internal Revenue Service will begin a one-year pilot program in June to help small businesses with retirement plans that owe penalties for not filing reporting documents. By filing current and prior year forms during this pilot program, they can avoid penalties.