TIPS YEAR END CHARITABLE GIFTS
Individuals and businesses making contributions to charity should keep in mind several important tax law provisions that have taken effect in recent years. Some of these changes include the following: Special Tax-Free Charitable Distributions for [...]
2014 Tax Season Opens Jan 31, 2014
The Internal Revenue Service today announced plans to open the 2014 filing season on Jan. 31 and encouraged taxpayers to use e-file or Free File as the fastest way to receive refunds. The new [...]
122 Million Returns E-Filed for 2013
The Internal Revenue Service today announced a milestone for IRS e-file – more than 122 million returns were e-filed during 2013. The statistics provided today contain complete e-file totals for 2013. This year, the IRS [...]
Set up IA or file OIC prior to fee increase on January 1, 2014!!!!
The IRS has issued final regulations, TD 9647, that provide user fees charged for processing installment agreements and offers in compromise (OIC). These final regulations increase the fees to recover more of the costs associated [...]
Do you Qualify for the Savers Tax Credit
Low- and moderate-income workers can take steps now to save for retirement and earn a special tax credit in 2013 and the years ahead, according to the Internal Revenue Service. The saver’s credit helps offset [...]