Category: IRS Tips

IRS Tips
Six Reasons to Choose Direct Deposit for Your Tax Refund

When you file your taxes, you have options on how to receive your refund. The best way to get it is by direct deposit. Eight out of 10 taxpayers get their refunds by direct deposit. Here are six good reasons why you should do the same in 2016: IRS Direct Deposit: 1. Is Fast.  The fastest […]

IRS Tips
IRS Wraps Up the “Dirty Dozen” List of Tax Scams for 2016

WASHINGTON — The Internal Revenue Service today wrapped up its annual “Dirty Dozen” list of tax scams with identity theft topping this year’s list but with phone scams and phishing schemes also deserving special mention. Taxpayers need to guard against any ploys to steal their personal information, scam them out of money or talk them […]

IRS Tips
Change Your Name? It Can Affect Your Taxes

A name change can have an impact on your taxes. All the names on your tax return must match Social Security Administration records. A name mismatch can delay your refund. Here’s what you should know if you changed your name: Report Name Changes.  Did you get married and are now using your new spouse’s last […]

Health News
Understanding the Small Business Health Care Tax Credit

The Affordable Care Act includes the small business health care tax credit, which can benefit small employers who provide health coverage for their employees. The small business health care tax credit benefits employers who: have fewer than 25 full-time equivalent employees pay an average wage of less than $51,600 a year pay at least half […]

IRS Tips
Frivolous Tax Arguments Completes the IRS “Dirty Dozen” List of Tax Scams for the 2016 Filing Season

WASHINGTON – The Internal Revenue Service today finished its 2016 “Dirty Dozen” tax scams list by warning taxpayers against using frivolous tax arguments to avoid paying their taxes. Also today, the IRS released the 2016 version of “The Truth about Frivolous Tax Arguments.” The document describes and responds to some of the common frivolous tax […]

IRS Tips
Consumers Warned of New Surge in IRS E-mail Schemes during 2016 Tax Season; Tax Industry Also Targeted

WASHINGTON – The Internal Revenue Service renewed a consumer alert for e-mail schemes after seeing an approximate 400 percent surge in phishing and malware incidents so far this tax season. The emails are designed to trick taxpayers into thinking these are official communications from the IRS or others in the tax industry, including tax software […]

Health News
Health Care Law Affects 2015 Tax Returns – Tax Help Available

Certain provisions of the Affordable Care Act will affect federal tax returns for tax year 2015. If you would like help with filing your return in regards to these or other provisions, the IRS has several options. Remember that Filing electronically is the easiest way to file a complete and accurate tax return. Electronic Filing […]

IRS Tips
Self Employed? Check Out These IRS Tax Tips

If you are self-employed, you normally carry on a trade or business. Sole proprietors and independent contractors are two types of self-employment. If this applies to you, there are a few basic things you should know about how your income affects your federal tax return. Here are six important tips from the IRS: SE Income. […]

IRS Tips
Here’s What You Need to Do with Your Form 1095-B

This year, you may receive one or more forms that provide information about your 2015 health coverage you had in 2015.  These forms are 1095-A, 1095-B and 1095-C. This tip is part of a series that answers your questions about these forms. Form 1095-B, Health Coverage, provides you with information about your health care coverage […]

IRS Tips
Deciding Whether to Itemize or Use the Standard Deduction

Most people claim the standard deduction when they file their federal tax return, but you may be able to lower your tax bill if you itemize. You can find out which way saves you the most by figuring your taxes both ways. The IRS offers these six tips to help you choose: 1. Use IRS Free […]

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