Tax Tips

Tax-Related Identity Theft
 

Tax-Related Identity Theft

Posted: October 12, 2017
Victims of tax-related identity theft may feel violated and the process of resolution may be frustrating, especially when tax refunds are delayed for many months. It is imperative that tax professionals educate clients and, to the extent possible, facilitate the resolution process.


Helpful Tips to Know About Gambling Winnings and Losses
 

Helpful Tips to Know About Gambling Winnings and Losses

Posted: August 4, 2017
Taxpayers must report all gambling winnings as income. They must be able to itemize deductions to claim any gambling losses on their tax return. Taxpayers who gamble may find these tax tips helpful.

Income Taxes and Selling a Home
 

Income Taxes and Selling a Home

Posted: July 31, 2017
Homeowners may qualify to exclude from their income all or part of any gain from the sale of their main home. Here are tips to keep in mind when selling a home.

Making the Most out of Miscellaneous Deductions
 

Making the Most out of Miscellaneous Deductions

Posted: July 21, 2017
Miscellaneous deductions are tax breaks that generally don’t fit into a particular tax category. They can help reduce taxable income and the amount of taxes owed. Here are several tips from the IRS about miscellaneous deductions.