Choosing Between Itemizing v. Standard Deduction

The following is official information from IRS.gov that offers tips on itemizing and standard deduction when filing your tax returns. For more information, please visit http://www.irs.gov. “When you file your tax return, you usually have a choice whether to...

Tax Extenders May Have Impact on Refunds

  Tax Refunds May See Delay You may see your tax refunds “substantially delayed” in 2015, according to IRS Commissioner John Koskinen. In a letter to Sen. Ron Wyden (D-OR), chairman of the Senate Committee on Finance, Koskinen said that Congress’ failure to...

Tax Traps to Watch for in 2014

Good to Know About Possible Tax Traps There are not a lot of surprises to worry about for taxpayers in 2014. The American Taxpayer Relief Act of 2012 enacted on Jan. 2, 2013, made many existing tax laws permanent and extended other provisions through 2013. However,...