Category Archives: Taxes

Phone Scams:Criminals impersonating IRS agents

IR-2016-14, Feb. 2, 2016 WASHINGTON — Aggressive and threatening phone calls by criminals impersonating IRS agents remain a major threat to taxpayers, headlining the annual “Dirty Dozen” list of tax scams for the 2016 filing season, the Internal Revenue Service … Continue reading

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Church donations even with receipt acknowledgement can be denied by the IRS

In 2007, the Durdens claimed a charitable contribution deduction of $22,517 for cash contributions to their church. Most individual contributions exceeded $250.Upon questioning by the IRS, the Durdens produced a letter from their church acknowledging the contributions, as well as … Continue reading

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Do you qualify for the refundable tax credits in 2012?

If your income threshold is below filing requirements, sometimes it may still be advisable to file a tax return to claim some refundable credits. Check with your CPA who will advise you accordingly. Some of the refundable credits include: Earned … Continue reading

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Rules for deduction of any charitable donation of money in your 2012 Tax Return

WASHINGTON — Individuals and businesses making contributions to charity should keep in mind some key tax provisions that have taken effect in recent years, especially those affecting donations of clothing and household items and monetary donations. Rules for Clothing and … Continue reading

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Everyone can e-file, and everyone can e-file Individual tax returns for free

Last year, nearly 100 million taxpayers opted for the safest, fastest and easiest way to submit their individual tax returns — IRS e-file. Since 1990, taxpayers have e-filed nearly 1 billion Form 1040 series tax returns safely and securely. E-file … Continue reading

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IRS Seeks to Return Undelivered Checks to Taxpayers; Recommends e-file, Direct Deposit to Avoid Future Delivery Problems

Nearly three-quarters of all individual income tax filers claim a refund on their annual tax return. Although the vast majority of those refunds are issued as direct deposits, nearly 30 million taxpayers request paper refund checks. The IRS recommends filing … Continue reading

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Lower Your Taxes: Home office deduction

Proven statistics show that half of the working Americans own or work for a small business and two of every three new jobs are created by a small business. Consequently with the economy now in recovery mode, many people are … Continue reading

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Need a Copy of Your Tax Return Information?

You have three easy and convenient options for getting copies of your federal tax return information–tax return transcripts and tax account transcripts–by phone, by mail, or online. For more information go to: Need a copy of Your Tax Return Information

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IRS Changes Income Tax Withholding Tables for 2013 to Reflect Expired Tax Cuts

Payroll taxes to increase by 2% from 4.2% to 6.2% in year 2013. The Senate passed legislation in the early hours of Tuesday morning on New Year’s Day to extend income tax cuts for single taxpayers earning under $400,000 a … Continue reading

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The Fiscal Cliff Deal: Middle Class Families Spared Tax Hikes

The House of Representatives late Tuesday easily approved emergency bipartisan legislation sparing all but a sliver of America’s richest from sharp income tax hikes — while setting up another “fiscal cliff” confrontation in a matter of weeks. The compromise bill … Continue reading

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