Category: IRS Tips

IRS Tips
Tax Time Guide: Use IRS.gov to Find Qualified Tax Professionals

WASHINGTON — The Internal Revenue Service today reminded taxpayers that IRS.gov offers many useful tips and information to find a qualified tax professional. This is the third in a series of 10 IRS tips called the Tax Time Guide, designed to help taxpayers navigate common tax issues. This year’s tax-filing deadline is April 18. More […]

IRS Tips
Get Credit for Making a Home Energy Efficient

Taxpayers who made certain energy efficient improvements to their home last year may qualify for a tax credit this year. Here are some key facts to know about home energy tax credits: Non-Business Energy Property Credit Part of this credit is worth 10 percent of the cost of certain qualified energy-saving items added to a […]

IRS Tips
Winter 2017 Statistics of Income Bulletin Now Available

WASHINGTON — The Internal Revenue Service today announced that the Winter 2017 issue of the Statistics of Income Bulletin is available on IRS.gov. The Statistics of Income (SOI) Division produces the online Bulletin quarterly, providing the most recent data available from various tax and information returns filed by U.S. taxpayers. This issue includes articles on […]

IRS Tips
Get Prior Year Tax Information from the IRS

There are many reasons to keep a copy of a tax return from a prior year. The IRS urges all taxpayers to keep copies of their tax returns for at least three years. Taxpayers should keep a copy of their tax return. Beginning in 2017, taxpayers using a software product for the first time may […]

IRS Tips
Free Help Preparing Tax Returns Available Nationwide

WASHINGTON –– The Internal Revenue Service reminded taxpayers today that they may be eligible to receive free tax help at nearly 12,000 preparation sites nationwide. The sites, generally located at community and neighborhood centers, provide tax assistance to taxpayers with low- and moderate-incomes and the elderly. The IRS Volunteer Income Tax Assistance (VITA) program offers […]

IRS Tips
Tax Time Guide: IRS Publication 17 Helps with 2016 Taxes

WASHINGTON — Taxpayers can get the most out of various tax benefits and get useful tips on preparing their 2016 federal income tax returns by consulting a free, comprehensive tax guide available on IRS.gov. Publication 17, Your Federal Income Tax, features details on taking advantage of a wide range of tax-saving opportunities. This includes tax […]

IRS Tips
Debt Cancellation May be Taxable

If a lender cancels part or all of a debt, a taxpayer must generally consider this as income. However, the law allows an exclusion that may apply to homeowners who had their mortgage debt canceled in 2016. Here are 10 tips about debt cancellation: Main Home. If the canceled debt was a loan on a […]

IRS Tips
Name Change? How It Impacts Taxes

A name change can have an impact on taxes. All the names on a taxpayer’s tax return must match Social Security Administration records. A name mismatch can delay a tax refund. Here’s what taxpayers should know if they changed their name: Reporting Name Changes. Got married and now using a new spouse’s last name or […]

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