Tax Law

Remember those days of filling out your tax return and standing in a long line at the post office to mail your return to the IRS?  Those inaccurate and inefficient days are over with the E-File system. Get an initial computer check on the return before...

With the enactment of the Affordable Care Act, new reporting will be required on your individual tax filing. If you have insurance through your employer, it will be easy. If not, it will challenge you. Stay Focused. Health Care Law Brings Changes to IRS Tax FormsThis...

The Internal Revenue Service recently issued a publication that will help answer some of the reporting requirements related to the enactment of the Affordable Care Act. This is a must read for those who prepare their own taxes. New IRS Publication helps you understand...

Congress recently renewed the opportunity for some taxpayers to make a charitable contribution via a distribution from their IRA. Qualified taxpayers can contribute up to $100,000 to qualified charities. More of the details are below: New Law Renews IRA Transfers to...

When a taxpayer is dealing with the Internal Revenue Service, it is very important to know your rights. Tax is a very complicated area and the Internal Revenue Service can be intimidating. Knowing your rights and understanding the law help to even the playing field...

Individual Retirement Accounts are an important way to save for retirement. If you have an IRA or may open one soon, there are some key year-end rules that you should know. Here are the top four reminders on IRAs from the IRS: 1. Know the limits You can...

There have not been many big tax changes this year but some of the reminders in this articles are worth noting and worthy of you reviewing your own personal tax situation. The only item I would add is to make sure that you have enough paid in to the Federal or...

The government provides a credit for certain low income taxpayers. The credit may apply whether or not you have children or dependents. If you meet the requirements, a taxpayer may get a nice refund and certainly more than the taxpayer expected. Here is an excellent...

One of the common year end rituals is to make charitable contributions prior to the end of the tax year. Many charities rely on the year end giving and it is an opportunity for the individual to review their own tax situation and make the appropriate gifts. Here are...

Want to contribute to a company retirement plan but cash flow is tight? The government offers credits to minimize some of the sting that is caused when contibuting to a company plan.Consider these options before you decide not to make that retirement...