by Candy | Feb 17, 2017 | Taxes
With so many millennials moving back home with mom and dad, the question of whether or not adult children living with their parents can be claimed as dependents is a hot topic. On the other side of the generational divide, and affecting at least as many people, is the...
by Candy | Feb 3, 2017 | Featured, Taxes
IRS Commissioner John Koskinen made some comments a few weeks ago regarding the 2017 tax filing season. Here is information he shared: Last year, the IRS issued almost 111 million refunds. That amounted to about 73 percent of all returns. For many people, this is the...
by Candy | Jan 3, 2017 | Taxes
Tax season starts next month. Criminals deceive many people. They start by stealing information, and ultimately money from them. Identity theft and refund fraud scams are common. Increasingly, there are schemes to swindle taxpayers by phone, emails, and other ways...
by Candy | Dec 16, 2016 | Taxes
It’s close to year-end, and the time that people and businesses make final contributions to organizations. It is important to keep in mind some key tax provisions that apply to these donations, especially contributions of clothing, household items, and monetary...
by Candy | Nov 8, 2016 | Business, Featured, Taxes
Close to 20 million people owe a combined total of $400 billion in back taxes to the IRS. Several million taxpayers have payment arrangements, and another 7 million people owe tax payments. In the latter part of 2015, Section 32102, Fixing America’s Surface...
by Candy | Oct 18, 2016 | Featured, Taxes
Today I saw an article in Accounting Today written by Jim Buttonow, CPA, regarding a new program the IRS is testing to allow people to more easily set up payment plans for their tax debt. An installment agreement is basically setting up a specific monthly amount to...
