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Category Archives: Individual
Eight Things to Know If You Receive an IRS Notice
Did you receive a notice from the IRS this year? Every year the IRS sends millions of letters and notices to taxpayers but that doesn’t mean you need to worry. Here are eight things every taxpayer should know about IRS … Continue reading
Posted in Individual, Taxation
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Top 10 Things Every Taxpayer Should Know about Identity Theft
Taxpayers need to be careful to protect their personal information. Identity thieves use many methods to steal personal information and then they use the information to file a tax return and get a refund. Here are 10 things the IRS … Continue reading
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Five Tax Scams to Avoid this Summer
The Internal Revenue Service issues a list of the top 12 tax scams each year – known as the Dirty Dozen. The scams are illegal and can lead to problems for taxpayers including significant penalties, interest and possible criminal prosecution. … Continue reading
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Five Facts about the Making Work Pay Tax Credit
1. This credit – still available for 2010 – equals 6.2 percent of a taxpayer’s earned income. The maximum credit for a married couple filing a joint return is $800 and $400 for other taxpayers. 2. Eligible self-employed taxpayers can … Continue reading
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Six Tax Tips for New Business Owners
Are you opening a new business this summer? The IRS has many resources available for individuals that are opening a new business. Here are six tax tips the IRS wants new business owners to know. First, you must decide what … Continue reading
Four Tips on Preparing for a Disaster
Planning what to do in case of a disaster is an important part of being prepared. The Internal Revenue Service encourages taxpayers to safeguard their records. Some simple steps can help taxpayers protect financial and tax records in case of … Continue reading
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IRS Provides Tax Help, Guidance to Gulf Oil Spill Victims; Special Assistance Day Planned for July 17
The Internal Revenue Service today provided guidance to individuals and businesses affected by the oil spill in the Gulf of Mexico and announced a number of new efforts to help affected taxpayers, including a special Gulf Coast Assistance Day on … Continue reading
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Affordable Care Act Provides Expanded Benefits to Health Professionals in Underserved Areas
The Internal Revenue Service announced that health care professionals who received student loan relief under state programs that reward those who work in underserved communities may qualify for refunds on their 2009 federal income tax returns as well as an annual … Continue reading
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Top 10 First-Time Homebuyer Credit Tax Tips
There is still time to claim the First-Time Homebuyer Tax Credit on your 2009 tax return. If you purchased or entered into a binding contract to purchase a home in 2009 or early 2010, you may be eligible to claim … Continue reading
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Seven Things about Getting More Time to File your Tax Return
If you can’t meet the April deadline to file your tax return, you can get an automatic six month extension of time to file from the IRS. Here are seven things you need to know about filing an extension: Extra … Continue reading
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