Tax Tips


Taxes and Your Summer Job
 

Taxes and Your Summer Job

Posted: June 7, 2017
Students may hear a lot about taxes in the news or at the dinner table, but a summer job is likely their first experience in actually paying taxes. Find out if it makes sense to file a tax return.

What If I Need to Amend a Tax Return?
 

What If I Need to Amend a Tax Return?

Posted: May 2, 2017
There is a process for amending your tax return if you discover you made an error or left something out. Here is some practical advice.

What to Do When an IRS Letter Arrives in the Mail
 

What to Do When an IRS Letter Arrives in the Mail

Posted: April 18, 2017
The IRS mails millions of pieces of correspondence every year to taxpayers for a variety of reasons. Here are some suggestions on how to best handle a letter or notice from the IRS.

Tax Returns: What Can Go Wrong?
 

Tax Returns: What Can Go Wrong?

Posted: March 10, 2017
As the 2017 tax deadline looms, filers are grappling with many issues from filing late to correcting mistakes. The good news is that the IRS has several remedies that can be taken.

Choosing the Correct Filing Status
 

Choosing the Correct Filing Status

Posted: February 1, 2017
Sometimes more than one filing status may apply to taxpayers. When that happens, taxpayers should choose the one that allows them to pay the least amount of tax. Here’s a list of the five filing statuses.

How Exemptions and Dependents Can Reduce Taxable Income
 

How Exemptions and Dependents Can Reduce Taxable Income

Posted: January 31, 2017
Most taxpayers can claim an exemption for themselves and reduce their taxable income on their tax return. They may also be able to claim an exemption for each of their dependents. Here are seven key points to keep in mind on dependents and exemptions.