Oct 16, 2024 | Tax Tip
IRS offers tax relief after major disasters Disaster relief can be authorized by the IRS when certain criteria from the Federal Emergency Management Agency are met. Generally, the IRS will authorize disaster tax relief to all areas identified on a major disaster...
Sep 11, 2024 | Tax Tip
By law, all taxpayers have the right to finality of federal tax matters Taxpayers have the right to finality when working with the IRS. For example, taxpayers have the right to know when the IRS has finished an audit. This is one of 10 basic rights, known collectively...
Aug 6, 2024 | Tax Tip
Taxpayers should review the education tax credits before they file There are two education tax credits designed to help offset education costs: the American Opportunity Tax Credit and the Lifetime Learning Credit. Eligibility requirements For both tax credits, to be...
Jul 29, 2024 | Tax Tip
Beware of scammers posing as the IRS Identity thieves may try to contact taxpayers through fraudulent calls, emails, texts and social media messages pretending to be the IRS. Here’s how taxpayers know when it’s the IRS that contacts them. Email, text and social media...
Jun 6, 2024 | Tax Tip
Eligible contractors who build new energy efficient homes or substantially reconstruct existing homes into qualified energy efficient homes may be eligible for a tax credit up to $5,000 per home. The exact amount of the credit depends on eligibility requirements such...
May 21, 2024 | Tax Tip
Tax benefits for homeowners Whether someone is a current homeowner or buying a new home this summer owning a home can be expensive. There are tax benefits that can help taxpayers save money and offset some of the costs that come with homeownership. Homeowners should...
