Month: February 2016

Reporting Health Coverage on IRS Tax Forms

While most taxpayers will simply need to check a box on their tax return to indicate they had health coverage for all of 2015, there are a few forms and [...]

What You Need to Know about Taxable and Non-Taxable Income

All income is taxable unless a law specifically says it isn’t. Here are some basic rules you should know to help you file an accurate tax return: Taxable [...]

Doing Business With Foreign Entities? Say Hello to Form W-8BEN-E

While the Form W-8BEN-E has been a long time coming, the IRS’s eight-page effort can seem overwhelming, especially for those that have to have their vendors [...]

How to Get a Copy of Your Prior Year Tax Information

There are many reasons why you may need a copy of your tax return information from a prior year. Transcripts are free and available for the most current tax [...]

Six Reasons to Choose Direct Deposit for Your Tax Refund

When you file your taxes, you have options on how to receive your refund. The best way to get it is by direct deposit. Eight out of 10 taxpayers get their [...]

Self Employed? Check Out These IRS Tax Tips

If you are self-employed, you normally carry on a trade or business. Sole proprietors and independent contractors are two types of self-employment. If this [...]

IRS Wraps Up the “Dirty Dozen” List of Tax Scams for 2016

The Internal Revenue Service today wrapped up its annual "Dirty Dozen" list of tax scams with identity theft topping this year's list but with phone scams and [...]

Change Your Name? It Can Affect Your Taxes

A name change can have an impact on your taxes. All the names on your tax return must match Social Security Administration records. A name mismatch can delay [...]

Frivolous Tax Arguments Completes the IRS “Dirty Dozen” List of Tax Scams for the 2016 Filing Season

The Internal Revenue Service today finished its 2016 “Dirty Dozen” tax scams list by warning taxpayers against using frivolous tax arguments to avoid [...]

Find Out More about Income-Based Health Coverage Exemptions

The individual shared responsibility provision requires you and each member of your family to have health care coverage, have an exemption from the coverage [...]