All posts in Tax Information

The IRS Loves Your Business … and That is NOT Good

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W-9 tax form with a pen and calculator

The IRS continues to focus their audit activities in key small business areas. The wise business owner is well advised to be able to defend the following five areas to Read more

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Education: Tax Changes You Need to Know

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Piggy bank with graduation cap next to books and calculator

As students gear up to head back to school, there are some changes to education deductions that could save or cost you more in taxes and even raise college tuition Read more

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Dramatic Sales Tax Change

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Pen and calculator with spreadsheet of numbers

The U.S. Supreme Court issued a ruling in the South Dakota vs Wayfair case that opens the door for states to impose sales tax on sellers outside their borders. The Read more

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Student Loan Forgiveness Creates New Tax Trap

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There’s a new student loan repayment program that forgives some student loan debt if other payments are made. This new debt forgiveness is creating a tax surprise for the unsuspecting Read more

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Five Tax Breaks for New Parents

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New parents discussing tax breaks and tax benefits from having children

New parents have their work cut out for them. Not only are they dealing with lost sleep, they also face the extra cost of raising a child. At least there Read more

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Know the IRS’s “Dirty Dozen” Tax Scams

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Every year the IRS releases its “Dirty Dozen” list of the year’s most prevalent tax scams. They include ploys to steal personal information, talk people out of money, or engage Read more

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Looking ahead: Tax reform in 2018

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Gears with tax reform written on them

Congress has passed tax reform that will take effect in 2018, ushering in some of the most significant tax changes in three decades. Here are some major items in the Read more

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Avoid These Common Tax Mistakes

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tax forms

There are nearly 1,000 different tax forms used by the IRS to report tax obligations. It’s no wonder the IRS faces thousands of tax returns with errors each year. Here Read more

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Say Goodbye To The College Tuition Deduction

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College fund

It’s hard enough to watch your child leave for college. Now you also have to say goodbye to the tuition and fees tax deduction. Congress decided not to extend this Read more

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Common Audit Red Flags – What Attracts The IRS

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audit stamped on paper

For handwritten taxpayers, preparing their tax return isn’t the problem. It’s the fear of an audit. Audits are fairly uncommon, but the IRS may notice your tax return if certain Read more

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