Tips for Filing an Amended Return

  • Monday, 20 April 2015
  • Taxes

Have you found that you made an error on your federal tax return? If so, you may need to file an amended return. Here are ten tips that can help you file.

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A Dozen Key Points about Paying Your Taxes

  • Thursday, 16 April 2015
  • Taxes

The IRS offers several payment options if you owe federal tax. Here are a dozen key points to keep in mind when you pay your taxes this year.

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IRS Reminds Taxpayers about the Tax Provisions of the Health Care Law

  • Monday, 13 April 2015
  • Taxes

With the tax filing deadline approaching the IRS reminds taxpayers that the health care law contains tax provisions that affect 2014 income tax returns.

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IRS Last-Minute Filing Tips

  • Friday, 10 April 2015
  • Taxes

If you haven’t done your taxes yet, don’t despair. There’s no time like the present to prepare and file your 2014 tax return. Visit IRS.gov for tax tools and help that can make filing your tax return a bit less taxing.

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Ways to Pay Your Tax Liability

  • Thursday, 09 April 2015
  • Taxes

If you owe federal tax, the IRS offers many convenient ways to pay. Make sure you pay by the April 15 deadline, even if you get an extension of time to file your 2014 tax return. Here are some of the ways to pay your tax:

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8 Small Business Tax Preparation Mistakes to Avoid

Tax time brings with it a sense of urgency and pressure, and mistakes inevitably follow. Tax deductions go unclaimed, paper trails go awry and costly surprises can result. Here are eight of the most common tax preparation mistakes that small businesses make, plus some tips for mitigating them.

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Seven Tips to Help You Determine if Your Gift is Taxable

  • Thursday, 02 April 2015
  • Taxes

If you gave money or property to someone as a gift, you may wonder about the federal gift tax. Many gifts are not subject to the gift tax. Here are seven tax tips about gifts and the gift tax.

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Most Suspicious IRS Audit Triggers

  • Monday, 30 March 2015
  • Taxes

The Minnesota Society of CPAs has compiled a list of red flags that could trigger an audit from the IRS if they apply to your clients' tax returns.

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Taxpayers Receiving Identity Verification Letter Should Use IDVerify

  • Monday, 23 March 2015
  • Taxes

The Internal Revenue Service today reminded taxpayers who receive requests from the IRS to verify their identities that the Identity Verification Service website, idverify.irs.gov, offers the fastest, easiest way to complete the task.

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Deductiing Medical Expenses on Your Tax Return

  • Monday, 23 March 2015
  • Taxes

Those expenses that are considered qualifying medical expenses are deductible for tax purposes. Medical expense deductions are claimed on a Schedule A (downloads as a pdf) on a federal form 1040.

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