Tax professionals are big targets of skilled cybercriminals scamming to get access to sensitive client information. Sometimes, no matter how careful and prepared a tax pro…
Taxpayers have the right to retain an authorized representative of their choice to represent them when they are dealing with the IRS. They also have the…
WASHINGTON – As the new school year begins, the Internal Revenue Service reminds teachers and other educators that they’ll be able to deduct up to $300…
Teachers go above and beyond for their students, often buying classroom supplies needed to make learning successful. The educator expense deduction allows eligible teachers and administrators…
The Achieving a Better Life Experience (ABLE) Act of 2014 allows states to create tax-advantaged savings programs for eligible people with disabilities (designated beneficiaries). Funds from…
People with disabilities can use an Achieving a Better Life Experience or ABLE account to help pay qualified disability-related expenses. This tax-advantaged savings account doesn’t affect their eligibility…
Taxpayers who missed the April tax deadline can still file electronically using Free File or other free options. They can also limit late-payment penalties and interest…
As the old saying goes: When something sounds too good to be true, it probably is. Taxpayers with outstanding tax bills might be tempted by businesses…
The summer wedding season is fast approaching. Wedding planning is often overwhelming but figuring out how marriage will affect a couple’s tax situation doesn’t have to…
When people go through a legal separation or divorce, the change in their relationship status also affects their tax situation. The IRS considers a couple married…
