Child and Dependent Care Tax Credit

March 23, 2015

If you paid someone to care for a person in your household last year so that you could work or look for work, you may qualify for the Child and Dependent Care Tax Credit.

April 1st Deadline – No Fooling!

March 19, 2015

The IRS has issued a reminder to taxpayers who may have turned 70 1/2 years old in 2014. April 1st is the deadline to begin receiving their retirement plan distributions from IRAs and work place related retirement plans.

Divorce, Death, Benefits and Taxes

March 18, 2015

The emotional stress of divorce can have even more harmful effects if personal finances and assets are not updated to reflect your changed situation. Make certain ALL your accounts are updated with new beneficiaries-a will is not always enough.

Mortgage Interest Deduction Tip

March 17, 2015

Should there be a divorce or a spouse pass away, the remaining home owner should request the lender to update the name and social security number on Form 1098 before filing.

Choosing Direct Deposit for Tax Refunds

March 10, 2015

Selecting an electronic way to receive your refund can cut 2 to 3 weeks off the time of processing and delivering your refund check and you may split your refund deposit into different accounts.

Tax-Related Identity Theft on the Rise

March 9, 2015

Identity thieves are using information stolen from government, organization and business databases, and some even claim to be tax preparers and accountants to collect personal information.

Taxes on Unemployment Benefits

March 7, 2015

There are different types of unemployment benefits paid under either federal or state law, but both are taxable as income and may also be subject to withholding.

Business Tax Issues When a Worker Becomes Disabled

March 4, 2015

Who pays the premium for disability coverage and whether it is paid with pre-tax or post-tax dollars are key factors in determining the taxability of disability benefit payments. Many businesses make mistakes in this area about disability payments to workers.