Sunday, May 19, 2013    facebook-100px

Taxation

Finally All Tax Returns Can...

The Internal Revenue Service announced today that it has finished updating its tax-processing systems allowing all remaining individual and business taxpayers to file their 2012 federal income tax returns.

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Seven Tips to Help Taxpayers Avoid Phony Refund Schemes Abusing Popular College Tax Credit

Seven Tips to Help Taxpayers Avoid Phony Refund Schemes Abusing Popular College Tax Credit
 
The Internal Revenue Service offers the following seven tips to help taxpayers avoid an emerging scheme tempting senior citizens and other taxpayers to file tax returns claiming fraudulent refunds.

Read more: Seven Tips to Help Taxpayers Avoid Phony Refund Schemes Abusing Popular College Tax Credit

Standard Deduction vs. Itemizing: Seven Facts to Help You Choose

 

Standard Deduction vs. Itemizing: Seven Facts to Help You Choose 
Each year, millions of taxpayers choose whether to take the standard deduction or to itemize their deductions. The following seven facts from the IRS can help you choose the method that gives you the lowest tax.

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What Employers Need to Know About Claiming the Small Business Health Care Tax Credit

What Employers Need to Know About Claiming the Small Business Health Care Tax Credit 
If you are a small employer with fewer than 25 full-time equivalent employees that earn an average wage of less than $50,000 a year and you pay at least half of employee health insurance premiums…then there is a tax credit that may put money in your pocket.

Read more: What Employers Need to Know About Claiming the Small Business Health Care Tax Credit

Two Tax Credits to Help Pay Higher Education Costs

There are two federal tax credits available to help you offset the costs of higher education for yourself or your dependents.  These are the American Opportunity Credit and the Lifetime Learning Credit.

Read more: Two Tax Credits to Help Pay Higher Education Costs