IRS tips on Child and Dependent Care Credit for Summer
Many parents pay for childcare or day camps in the summer while they work. If this applies to you, your costs may qualify for a federal tax credit that can lower your taxes. Here are [...]
IRS Adopts “Taxpayer Bill of Rights”
The Internal Revenue Service today announced the adoption of a "Taxpayer Bill of Rights" that will become a cornerstone document to provide the nation's taxpayers with a better understanding of their rights. The Taxpayer Bill [...]
Keep your Tax Records Safe in Case of Disaster
Some natural disasters are more common in the summer. But major events like hurricanes, tornadoes and fires can strike any time. It’s a good idea to plan for what to do in case of a [...]
IRS Interest Rates for 3rd Quarter 2014
The Internal Revenue Service today announced that interest rates will remain the same for the calendar quarter beginning July 1, 2014. The rates will be: three (3) percent for overpayments [two (2) percent in the [...]
Foreign Bank and Financial Accounts (FBAR) Reportings Due
Taxpayers abroad qualifying for an automatic two-month extension must file their 2013 federal income tax returns by Monday, June 16, according to the Internal Revenue Service. The June 16 deadline applies to U.S. citizens and [...]