IRS Delays Tax Season

The IRS has announced it will delay the start of tax season due to the Federal government shut-down.? The agency needs adequate time to program and test tax processing systems prior to the start of next tax season. The earliest individual tax returns will be accepted...

Tax Tips for Newlyweds

From IRS Tax Tips: Late spring and early summer are popular times for weddings. Whatever the season, a change in your marital status can affect your taxes.? Here are several tips from the IRS for newlyweds. It?s important that the names and Social Security?numbers...

Spring Clean Up Project #4: Your Closets, Garages, and Attics

In today’s consumer driven world we live in, almost everyone builds up clutter that never sees the light of day. Why not take this opportunity to clean out your closets, garages, and attics and generate a tax deduction while you’re at it? Donating these...

First-Time Homebuyer Credit Look-up Tool

From The IRS Tax Tips Mailing: The IRS no longer mails reminder letters to taxpayers who have to repay the First-Time Homebuyer Credit. To help taxpayers who must repay the credit, the IRS website has a user-friendly look-up tool. Here are four reminders about...

HOW LONG DO YOU NEED TO KEEP YOUR TAX RECORDS?

At my firm, we get this question all the time: “How long do I need to keep my tax records?” Here is the IRS answer to this question: Well organized records make it easier to prepare a tax return and help provide answers if your return is selected for...