The Health Care Law and Your Taxes
This infographic shows what the Affordable Care Act (ACA) means for your 2014 federal tax return.
Read morePremium Tax Credit Brings Changes to Your 2014 Income Tax Returns
When filing your 2014 federal income tax return, you will see some changes related to the Affordable Care Act. Millions of people who purchased their coverage through a health insurance…
Read moreSix Tips on Who Should File a 2014 Tax Return
Six Tips on Who Should File a 2014 Tax Return Most people file their tax return because they have to, but even if you don’t, there are times when you…
Read moreEarned Income Credit
You may qualify for the earned income tax credit (EITC) if you worked last year but did not earn a lot of money. EITC is a refundable tax credit, meaning…
Read moreChecklist of Common Errors When Preparing Your Tax Return
Before filing your return, review it to make sure it is correct and complete. The following checklist may help you to avoid common errors: If you submit your tax return…
Read moreForm W-2 and Form 1099-R (What to Do if Incorrect or Not Received)
Employers/payers have until February 2, 2015 to issue Form W-2 (PDF), Wage and Tax Statement, and Form 1099-R (PDF), Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts,…
Read moreRecord keeping
Well-organized records make it easier to prepare a tax return and help provide answers if your return is selected for examination or to prepare a response if you receive an…
Read moreUnderstanding Tax Return Preparer Credentials and Qualifications
Understanding Tax Return Preparer Credentials and Qualifications Any tax professional with an IRS Preparer Tax Identification Number (PTIN) is authorized to prepare federal tax returns. However, tax professionals have differing…
Read moreIRS Urges Taxpayers to Choose a Tax Preparer Wisely for the Filing Season Ahead
More than half of taxpayers hire a professional when it’s time to file a tax return. Even if you don’t prepare your own Form 1040, you’re still legally responsible for…
Read morePost-Appeals Mediation For Offers in Compromise Available Nationwide
WASHINGTON — The Internal Revenue Service is releasing a revenue procedure today providing rules for the nationwide rollout of post-Appeals mediation for Offer in Compromise (OIC) and Trust Fund Recovery…
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