The credit benefits people who work and have earned income that’s less than $53,930. Nontaxable pay for member of the armed forces isn’t earned income for the EITC. Combat pay Basic allowance for housing Basic allowance for subsistence Member can elect to have their nontaxable combat pay included in earned income. Taxpayers who elect… Read More
This month the IRS will begin implementations of new procedures, signed into law December 2015, affecting individuals with seriously delinquent tax debts owing $51,000.00 or more to avoid putting their passports in jeopardy.… Read More
Is Fast. The quickest way for tax payers to get their refunds Is Secure. Goes right into a bank account Is Easy. Enter the correct bank account and routing number Has Options. Can split refunds into several accounts Taxpayer’s should deposit refunds into accounts in their own name, their spouse’s name or both. AVOID MAKING… Read More
Check the Preparer’s Qualifications. Use the IRS Directory for Federal Tax Return Preparers with Credentials and Select Qualifications. Check the Preparer’s History. For Enrolled Agents, go to and verify enrolled agent status page on IRS.gov or check the directory. Ask about Service Fees. Avoid preparers who base fees on a percentage of the refund or… Read More
Don’t Panic! Read the entire letter carefully. Call our office and bring the letter or notice Compare it with the tax return Only reply if necessary Respond timely Don’t call the IRS Keep the letter… Read More
Here are eight thinks to know about in person contacts from the IRS. The IRS initiates most contacts through regular mail delivered by the United States Postal Service. There are special circumstances when IRS will come to a home or business. This includes: When a taxpayer has an overdue tax bill When the IRS needs… Read More
Taxpayers have the right to: File a separate return even if they’re married Review the entire tax return before signing a joint return Review supporting documents for a joint return Refuse to sign a joint return Request more time to file their tax return Get copies of prior year tax returns for the IRS… Read More
Taxpayers who plan to claim a charitable deduction on their tax return must do two things: Have a bank record or written communication from a charity for any monetary contributions Get a written acknowledgement for a single donation of $250 or more Six things for taxpayers to remember: Make single donation of $250 or more… Read More
Victims of wildfires ravaging parts of California have until January 31, 2018, to file certain individual and business tax returns and make certain tax payments. This includes additional filing extension for taxpayers with valid extensions that run out this coming Monday, October 16. Currently, relief is being provided to Mendocino, Napa, Nevada, Sonoma and Yuba… Read More
Phishing, phone scams and identity theft top the list of items normally reported. However, following hurricanes and other disasters, taxpayers should be on the lookout for schemes stemming from these recent events. “These scams evolve over time and adjust to reflect events in the news, but they all typically are variations on a familiar theme”.… Read More