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Safeguarding Taxpayer Data – Security Plan

Cybercriminals want sensitive client information. As a tax professional, we take multiple steps to safeguard taxpayer's data by implementing and executing an aggressive security plan. It is a vital step our office uses to secure and protect taxpayer's information. This ongoing security plan is evaluated and measured up to the IRS standards of safeguarding taxpayer's [...]

By | January 4th, 2017|Blog|Comments Off on Safeguarding Taxpayer Data – Security Plan

IRS Tests W-2 Verification Code for Filing Season 2017

For filing season 2017, the Internal Revenue Service will expand an initiative to verify the authenticity of Form W-2 data. This initiative is one in a series of steps to combat tax-related identity theft and refund fraud. The objective is to verify Form W-2 data submitted by taxpayers on e-filed individual tax returns. The IRS [...]

By | December 28th, 2016|Blog, Uncategorized|Comments Off on IRS Tests W-2 Verification Code for Filing Season 2017

Tax Return Filing

The Internal Revenue Service announced that the nation’s tax season will begin Monday, Jan. 23, 2017, and reminded taxpayers claiming certain tax credits to expect a longer wait for refunds. Our office will be accepting tax returns before January 23rd and then will submit the returns when IRS systems open. The IRS will begin processing [...]

By | December 22nd, 2016|Blog|Comments Off on Tax Return Filing

IRS Phone Scam Scams

Police Arrest 70 in IRS Phone Scam Scams are all-to-common in today’s technology-savvy world. Luckily officials are working hard to weed out these scams and recently made great stride in a three-year-long IRS scam that has provided many with an expensive lesson learned the hard way. IRS Scam: Arrests Made Posing as U.S. tax officials, workers in [...]

By | October 31st, 2016|Blog|Comments Off on IRS Phone Scam Scams

Capital 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 an investment. Here are 10 facts that you should know about capital gains and losses: 1. Capital Assets. Capital assets include property such as your [...]

By | March 7th, 2016|Blog|Comments Off on Capital Gains and Losses – 10 Helpful Facts to Know

Home Energy Credits Save Money and Cut Taxes

You can trim your taxes and save on your energy bills with certain home improvements. Here are some key facts to know about home energy tax credits: Non-Business Energy Property Credit • Part of this credit is worth 10 percent of the cost of certain qualified energy-saving items you added to your main home last [...]

By | February 29th, 2016|Blog|Comments Off on Home Energy Credits Save Money and Cut Taxes

Self Employed? Check Out These IRS Tax Tips

If you are self-employed, you normally carry on a trade or business. Sole proprietors and independent contractors are two types of self-employment. If this applies to you, there are a few basic things you should know about how your income affects your federal tax return. Here are six important tips from the IRS: • SE [...]

By | February 19th, 2016|Blog|Comments Off on Self Employed? Check Out These IRS Tax Tips

IRS to Parents: Don’t Miss Out on These Tax Savers

Children may help reduce the amount of taxes owed for the year. If you’re a parent, here are several tax benefits you should look for when you file your federal tax return: • Dependents. In most cases, you can claim your child as a dependent. You can deduct $4,000 for each dependent you are entitled [...]

By | February 11th, 2016|Blog|Comments Off on IRS to Parents: Don’t Miss Out on These Tax Savers

Individuals May Get New Health Care Information Forms This Year

Starting this year, you may receive one or more forms providing information about the health care coverage that you had or were offered during 2015. Much like Form W-2 and Form 1099, which include information about the income you received, these forms provide information about your health care coverage that you may need when you [...]

By | February 2nd, 2016|Blog|Comments Off on Individuals May Get New Health Care Information Forms This Year

Tips 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 has teamed up with state revenue departments and the tax industry to make sure you understand the dangers to your personal and financial data. Taxes. [...]

By | January 20th, 2016|Blog|Comments Off on Tips to Keep Your Tax Records Secure; Protect Yourself from Identity Theft