Five Simple Tips to Lower Your Tax Bill
Soon you will have filed or extended your 2015 tax return. Now it’s time to plan for next tax season. Here are five simple tax planning tips for 2016.
small business accounting (10)
Do You Owe Taxes to the IRS?
If you owe taxes to the IRS, your payment must be received by the due date, even if you apply for more time to file. Failure to pay on-time will...
Where’s My Illinois Tax Refund?
We get this question all tax season long. Where is my Illinois tax refund? Although Illinois isn’t promising to pay any faster, they are now offering...
Residential Energy Efficiency Property Credit
As of the 2015 tax year, the federal government extended the Residential Energy Efficiency Property Credit through 2016. This tax credit is 30...
IRS Warns of New Surge in IRS E-mail Schemes
IR-2016-28 – IRS News Release WASHINGTON – The Internal Revenue Service renewed a consumer alert for e-mail schemes after seeing an approximate 400...
Who Can You Rightfully Claim as a Tax Dependent?
Do you ever wonder who you can rightfully claim as a dependent on your tax return and whether or not they qualify as a dependent? A dependent is a...
Donating to Charity
If you support certain causes throughout the year, your gift might be tax deductible and reduce any tax you owe. If you want to claim a tax deduction...
Papers, Papers & More Papers, Oh My!
Suggested Record Retention Guide for Businesses Isn’t it such a great feeling heading into the new year being prepared? All the clutter is cleaned...
Should You Claim the Home Office Deduction?
Should You Claim the Home Office Deduction? It can reduce your income tax obligation, but be sure you understand the IRS’s rules. One of the many...
Are Your Child Care Expenses Deductible?
According to the U.S. Department of Agriculture, to raise a child born in 2013 to the age of 18, it will cost an average couple $245,340. Luckily,...
The 10 Tips to Know if You Get a Letter from the IRS
The IRS mails millions of notices and letters to taxpayers each year. There are a variety or reasons you may receive a notice. Please read the...
Fighting Identity Theft is an Ongoing Battle
Since 2011, the IRS has been involved with 19 million suspicious tax returns due to identity theft. Fighting identity theft is an ongoing battle as...