Tag Archives: Internal Revenue Service

2014 Tax Tip #8 – IRS Fees

The filing fees for installment agreements have increased to $120.00 and the filing fees for offers-in-compromise have increased to $186.00.  If you need assistance getting an installment agreement or offer-in-compromise, contact our office at 816-524-4949.

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2014 Tax Tip #4 – Bitcoins

The IRS has stated that virtual currency is treated as property for tax purposes and will be subject to general tax principles for property transactions.  For more tax help, contact our office at 816-524-4949.

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Tax Tips When Traveling for Charity

You cannot deduct the value of your services that you give to charity, but you may be able to deduct some of your out-of-pocket costs. The deductible expenses must be unreimbursed and incurred only on behalf of the charity. In … Continue reading

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Make a Tax Mistake?

If you have made a mistake on your tax return, don’t worry. You can fix it by filing an amended return, and here are some tips to help you file this return: 1. The form you need to use in … Continue reading

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Going back to school? Save those taxes

If you, your spouse or your dependent are heading off to college, here are some quick tips that could safe you some money come tax time: 1. American Opportunity Tax Credit- this credit can be taken up to $2,500 each … Continue reading

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Tax Benefits for the Military

Here’s a few tax tips for people who are members of the armed forces: 1. Some members of the military can postpone some tax deadlines if they serve in a combat zone. 2. If you serve in a combat zone, … Continue reading

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Tax Tips When Selling Your Home

Here are a few tax tips to keep in mind when selling your home this year: 1. If you have a capital gain on the sale of your home, you may be able to exclude the gain from your tax … Continue reading

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Tax Tips for New Businesses

If you are starting a business, here are a few things you should be aware of: 1. Incorporation. When you start out, you need to choose the type of structure of your business. Some common types are partnerships, corporations and … Continue reading

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Avoiding Tax Surprises

There are usually two things that you can adjust in order to try and avoid a surprise come tax time. 1. Adjust your withholdings from your paycheck to have the right amount of taxes taken out. Come tax time, if … Continue reading

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Deducting your Job Hunting Expenses

Below is a list of expenses you can deduct when looking for a job: 1. Expenses for a job search in your current line of work but not for a new occupation. 2. The cost of preparing and mailing your … Continue reading

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