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Here’s how the credit for other dependents can benefit taxpayers

Mar 17, 20201 min read

Here’s how the credit for other dependents can benefit taxpayers

Taxpayers with dependents may qualify to claim a few different tax credits. One of these is the child tax credit. The child tax credit benef

IRS recommends business owners e-file payroll tax returns

Tax Geaks

Mar 17, 20202 min read

IRS recommends business owners e-file payroll tax returns

The Internal Revenue Service today urged business owners to take advantage of the speed and convenience of filing these returns electronical

IRS grants relief for U.S. persons who own stock in certain foreign corporations

Tax Geaks

Mar 17, 20201 min read

IRS grants relief for U.S. persons who own stock in certain foreign corporations

The Department of the Treasury and the Internal Revenue Service today issued Revenue Procedure 2019-40 and proposed regulations that provid

Feb 25, 20201 min read

Taxpayers should beware of property lien scam

With scam artists hard at work all year, taxpayers should watch for new versions of tax-related scams. One such scam involves fake property

Feb 25, 20201 min read

It’s important for tax pros to know the signs they are a cyber-thief's victim

Tax professionals should learn the tell-tale signs that their office may have experienced a data theft. Such thefts could have resulted in

Feb 25, 20202 min read

Taxpayers can explore several tax help options before visiting an IRS office

Some taxpayers may think they need to visit an IRS office for help in person with their tax issues. However, many of these people may actual

Two education credits help taxpayers with college costs

Tax Geaks

Feb 25, 20201 min read

Two education credits help taxpayers with college costs

With school back in session, parents and students should look into tax credits that can help with the cost of higher education. They do this

Here’s what happens after a disaster that leads to relief for affected taxpayers

Tax Geaks

Feb 25, 20202 min read

Here’s what happens after a disaster that leads to relief for affected taxpayers

Disasters can strike without warning, causing damage and destruction. Before the IRS can authorize tax relief, the president must declare a

What teachers should know about deducting out-of-pocket classroom expenses

Tax Geaks

Feb 25, 20201 min read

What teachers should know about deducting out-of-pocket classroom expenses

Now that fall is here and school has started, many teachers are dipping into their own pockets to buy classroom supplies. Doing this through

The earned income tax credit can put money in taxpayers’ pockets

Tax Geaks

Oct 31, 20191 min read

The earned income tax credit can put money in taxpayers’ pockets

The earned income tax credit benefits working people with low-to-moderate income. Last year, the average credit was $2,445. EITC not only r

IRS finalizes safe harbor to allow rental real estate to qualify as a business for qualified busines

Tax Geaks

Oct 30, 20192 min read

IRS finalizes safe harbor to allow rental real estate to qualify as a business for qualified busines

The Internal Revenue Service today issued Revenue Procedure 2019-38 that has a safe harbor allowing certain interests in rental real estate,

Employer Credit for Paid Family and Medical Leave

Tax Geaks

Oct 28, 20191 min read

Employer Credit for Paid Family and Medical Leave

Under tax reform, eligible employers who provide paid family and medical leave to their employees in 2019 may qualify for a business credit

The child tax credit benefits eligible parents

Tax Geaks

Oct 25, 20192 min read

The child tax credit benefits eligible parents

Taxpayers who claim at least one child as their dependent on their tax return may be eligible to benefit from the child tax credit. It’s imp

Taxpayers who donate to charity should check out these resources

Tax Geaks

Oct 24, 20191 min read

Taxpayers who donate to charity should check out these resources

Taxpayers who donate to a charity may be able to claim a deduction on their tax return. These deductions basically reduce the amount of

Taxpayers can compare eligibility and benefits of two education credits

Tax Geaks

Oct 23, 20192 min read

Taxpayers can compare eligibility and benefits of two education credits

There are two education credits that can help taxpayers with higher education costs: the American opportunity tax credit and the lifetime le

IRS reminds employers about the benefits of EFTPS

Tax Geaks

Oct 22, 20191 min read

IRS reminds employers about the benefits of EFTPS

The Internal Revenue Service today wants small business owners who are employers to know that the Electronic Federal Tax Payment System ha

Tax Geaks

Oct 19, 20191 min read

Itemized deductions: 2018 tax changes

Tax law changes in the Tax Cuts and Jobs Act affect almost everyone who itemized deductions on tax returns they filed in previous years.. O

Small businesses can benefit from deducting vehicle costs on their taxes

Tax Geaks

Oct 19, 20192 min read

Small businesses can benefit from deducting vehicle costs on their taxes

Businesses that use a car or other vehicle may be able to deduct the expense of operating that vehicle on their taxes. Businesses generally

Tax Geaks

Oct 19, 20191 min read

Why is bookkeeping important?

Small business owners should keep good records. This applies to all businesses, whether they have a couple dozen employees or just a few.

Things taxpayers should know about claiming dependents

Tax Geaks

Oct 19, 20191 min read

Things taxpayers should know about claiming dependents

As they are preparing their 2018 tax returns, taxpayers should remember that personal exemptions are suspended for 2018. T

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