How a Summer Wedding Can Affect Your Taxes
With all the planning and preparation that goes into a wedding, taxes may not be high on your summer wedding checklist. However, you should be aware of the tax issues…
Read moreIRS Has Refunds Totaling $950 Million for People Who Have Not Filed a 2012 Federal Income Tax Return
WASHINGTON — The Internal Revenue Service announced today that Federal income tax refunds totaling $950 million may be waiting for an estimated one million taxpayers who did not file a…
Read moreEarly Retirement Distributions and Your Taxes
Many people find it necessary to take out money early from their IRA or retirement plan. Doing so, however, can trigger an additional tax on top of the income tax…
Read moreCapital Gains and Losses – 10 Helpful Facts to Know
When you sell a capital asset, the sale normally results in a capital gain or loss. A capital asset includes most property you own for personal use or own as…
Read moreClaim the Premium Tax Credit & Reconcile Advance Credit Payments on Your 2015 Income Tax Return
You may be eligible to claim the premium tax credit on your 2015 income tax return. The premium tax credit helps eligible individuals and families with low or moderate income…
Read moreTips to Keep Your Tax Records Secure; Protect Yourself from Identity Theft
If you’re still keeping old tax returns and receipts stuffed in a shoe box stuck in the back of the closet, you might want to rethink that approach. The IRS…
Read moreTips for Using Credit Bureaus to Help Protect Your Financial Accounts
If you believe you are a victim of identity theft, you should contact one of the three major credit bureaus to place a “fraud alert” on your credit account. This…
Read moreTips from IRS for Year-End Gifts to Charity
SOUTH BEND – The Internal Revenue Service today reminded individuals and businesses making year-end gifts to charity that several important tax law provisions have taken effect in recent years. Some…
Read more2016 Standard Mileage Rates for Business, Medical and Moving
WASHINGTON — The Internal Revenue Service today issued the 2016 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving…
Read moreIRS Provides Tax Relief to South Carolina Flood Victims; Oct. 15 Tax Deadline Extended to Feb. 16
WASHINGTON ––South Carolina flood victims, including individuals and businesses that previously received a tax-filing extension to Oct. 15, will have until Feb. 16, 2016, to file their returns and pay…
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