Tax Tips
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Here’s How to Avoid IRS Identity Theft
As tax day rolls closers, the IRS has amped up their notices of scammers and identity theft. In the days of e-file, it’s easier than ever to file your taxes however, we all need to take extra precautionary steps to ensure our returns are filed safely and securely....
Get the Small Business Tax Help You Need!
If you’re a business owner, you probably understand your business ins and outs but do you understand your tax responsibility? Many taxpayers find themselves lost when it comes to navigating the Internal Revenue Service. However, as difficult as it can be, it is...
Trump Takes on Taxes
Trump’s Tax Reform On Wednesday, April 26, President Trump released his tax reform plan for 2017. As promised, he shook things up, proposing one of the biggest tax cuts in American history as well as decreasing the number of tax brackets. Read on to review a...
Can My IRA Save Me Money at Tax Time?
The IRS has incentivized Americans to save for retirement by offering various options for an IRA tax deduction or credit. Please read on to understand more about IRA’s, rules pertaining to Traditional and Roth IRA’s, and learn about available credits. Contribution...
How Long to Keep Tax Records: A Guide
What Kind of records should I keep? In order to know if you should retain a document, you should know that taxpayers have the responsibility to prove entries, deductions, and statements made on their tax return. This is known as the burden of proof. You must...
Avoid the Health Insurance Penalty! Report Health Coverage.
How do I report Health Coverage on my taxes? Who should file? Form 8965, Health Coverage Exemptions, is filed with your 2016 return if you, or anyone on your return, did NOT have health insurance coverage for the entire year. You should file Form 8962 if you...
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