Tax Tips

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.




What to Do Before the Tax Year Ends Dec. 31
 

What to Do Before the Tax Year Ends Dec. 31

Posted: December 14, 2016
As tax filing season approaches, the Internal Revenue Service is reminding taxpayers there are things they should do now to get ready for filing season.

IRS Warns Taxpayers of Numerous Tax Scams Nationwide
 

IRS Warns Taxpayers of Numerous Tax Scams Nationwide

Posted: December 8, 2016
As tax season approaches, the Internal Revenue Service, the states and the tax industry reminded taxpayers to be on the lookout for an array of evolving tax scams related to identity theft and refund fraud.

Renewing Your ITIN? Here’s Where to Get Help
 

Renewing Your ITIN? Here’s Where to Get Help

Posted: December 6, 2016
As the year-end draws near, taxpayers with an Individual Taxpayer Identification Number (ITIN) set to expire are encouraged to start the renewal process now. This will help to avoid delays at tax time. The IRS issues ITINs to people with a federal tax filing or reporting requirement who don’t have and cannot get a Social Security number.