FBAR REMINDER FROM IRS DUE BY JUNE 30!
The Internal Revenue Service today reminded everyone who has one or more bank or financial accounts located outside the United States, or signature authority over such accounts that they may need to file an FBAR [...]
IRS Tax Tips for Students with Summer Jobs!
Students often get a job in the summer. If it’s your first job it gives you a chance to learn about work and paying tax. The tax you pay supports your home town, your state [...]
IRS Joins with Tax Software Firms to Combat ID Theft
The Internal Revenue Service joined today with representatives of tax preparation and software firms, payroll and tax financial product processors and state tax administrators to announce a sweeping new collaborative effort to combat identity theft [...]
More from IRS about reporting Health Insurance Coverage on your Tax Return
Under the Affordable Care Act, you will need to report minimum essential coverage, report or claim a coverage exemption, or make an individual shared responsibility payment when you file your 2014 federal income tax return. [...]
Claiming a Tax Deduction for Medical and Dental Expenses from the IRS
Your medical expenses may save you money at tax time, but a few key rules apply. Here are some tax tips to help you determine if you can claim a tax deduction: • You must [...]