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.


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.