June 2018

Selling a home – Taxpayers who sell a home may qualify to exclude from their income all or part of any gain from the sale. Ownership and use. To claim the exclusion, the homeowner must meet the ownership and use tests. During a five-year period ending on the...

May 2018

Missed the tax-filing deadline? While the federal income tax-filing deadline has passed for most people, there are some taxpayers still facing tax-related issues. This includes people who still haven’t filed, people who haven’t paid their taxes or those who are...

Apr. 2018

As the April 17 tax-filing deadline nears, many taxpayers may rush to finish their tax returns or find that extra time is needed to get them done. The IRS recommends that taxpayers request a filing extension if they need one. Mistakes can happen when hurrying to file...

Mar. 2018

I filed my tax return and but did not get my refund! You can quickly check the status of their tax return and refund through “Where’s My Refund” on IRS.gov. Taxpayers who have not yet received their refunds can use “Where’s My Refund” on IRS.gov or on the smartphone...

Feb. 2018

Review your tax return accuracy to avoid the following common errors: Missing or Inaccurate Social Security Numbers. Be sure to enter each SSN on a tax return exactly as printed on the Social Security card. Misspelled Names. Spell all names listed on a tax return...

Jan. 2018

Here are some tips to remember when selecting a tax preparer: Check the Preparer’s Qualifications. Check the Preparer’s History. Ask the Better Business Bureau about the preparer. Check for disciplinary actions and the license status for credentialed preparers. For...

Dec. 2017

Charitable Contributions With the holidays around the corner, many people will be making donations to benefit charitable organizations. However, come tax time, the person who made the donation might also benefit. That’s because taxpayers who donate to a charity may be...

Nov. 2017

Three actions that may affect the 2017 tax return you will file in 2018. Charitable contributions. Taxpayers can deduct contributions that they make to charitable organizations only in the year the donation is made. There is still time for taxpayers to contribute to a...

Oct. 2017

File Form 1040X to Amend a Tax Return Mistakes happen and tax returns are no exception. Filing an amended tax return corrects information that changes tax calculations. This includes making changes to filing status and dependents, or correcting income credits or...

Sep. 2017

Job Search Expenses Can be Tax Deductible Taxpayers who are looking for a new job that is in the same line of work may be able to deduct some job-hunting expenses on their federal income tax return, even if they don’t get a new job. Here are some important facts to...