Common Reasons for IRS Tax Audits
Although we are still in the middle of tax season, there are things you need to be aware of when filing your tax returns. First, make sure you find a reputable company that can prepare [...]
Where’s My Tax Refund?
For many Americans, tax refunds are typically spent before they are received. We anticipate a tax refund and the next thing we know, we're planning a vacation or buying a new car or furniture. Some [...]
Are Social Security Benefits Taxable?
If taxpayers receive Social Security benefits, they may have to pay federal income tax on part of those benefits. These IRS tips will help taxpayers determine if they need to do so. Form SSA-1099. If [...]
Five Things to Know About the Child Tax Credit
The Child Tax Credit is a tax credit that may save taxpayers up to $1,000 for each eligible qualifying child. Taxpayers should make sure they qualify before they claim it. Here are five facts from [...]
Early Withdrawals from Retirement Plans
Many people find it necessary to take out money early from their IRA or retirement plan. Doing so, however, can trigger an additional tax on top of income tax taxpayers may have to pay. Here [...]