Summer rentals have been stronger than they have been in years, and purchases of vacation homes are on the rise after years of a housing slump. It’s […]
Tax Breaks for Your Vacation Home
Tax Blog
The Tax Benefits of Owning a Home
One of the main reasons people purchase a home is the psychological satisfaction in owning a home. Not only can owning a home be rewarding in its [...]
Read more
Facts on IRS Penalties
When it comes to filing a tax return – or not filing one – the IRS can assess a penalty if you fail to file, fail to […]
Tips to Ease Tax Time for Military
Military personnel have some unique duties, expenses and transitions. Some special tax benefits may apply when moving to a new base, traveling to a duty station, returning […]
Educational Tax Credits for Taxpayers That Help Pay Higher Education Costs
The American Opportunity Credit and the Lifetime Learning Credit may help you pay for the costs of higher education. If you pay tuition and fees for yourself, [...]
Read more
Tips About Rental Income and Expenses
Do you have a rental rental property that you rent property to others? If so, you’ll want to read the following seven tips about rental income and […]
Comparison of various form of entities when starting new business
Entity types Before starting a new business, there are numerous decisions to be made. One of the first decisions is deciding the legal form in which you […]
IRS Opens Address Change Portal for Advance CTC Payments – Did You Know?
IRS Opens Address Change Portal for Advance CTC Payments – Did You Know? The IRS recently added a new address change feature to the 2021 Child Tax […]
Tracking Tips – Did You Know?
Tracking Tips – Did You Know? For those that work in summer or other jobs that include tipping, the IRS recommends keeping a tips diary so that […]
Earned Income Tax Credit: Changes for 2020 Tax Year
The earned income tax credit can give qualifying workers with low-to-moderate income a substantial financial boost. In 2019, the average amount of this credit was $2,476. It not only […]
What To Expect From IRS Cryptocurrency Audit
IRS and Cryptocurrency Audits The IRS is focusing on cryptocurrency transactions in its audits. As a general rule, an audit will be conducted by an IRS auditor […]
How to request a copy of your previous year tax return
How to request a copy of your previous year tax return Here’s how people can request a copy their previous tax return Taxpayers who didn’t save a […]
Advanced CTC Non-filer Sign-Up Tool
The IRS has released a tool designed to help eligible families who don’t normally file tax returns to register for the monthly advance child tax credit (CTC) […]
Economic impact payments: What you need to know Tax Preparation Services Tax refund
Stimulus Payments 2020 Check IRS.gov for the latest information: No action needed by most people at this time IR-2020-61, March 30, 2020 WASHINGTON – The Treasury Department and the […]