Category Archives: tax tips

FTC Stops India-Based IRS and other Scams

FTC Settlement Puts a Stop to Money Mule Who Profited from India-Based IRS and Other Scams Reprint from FTC Email Subscription and Website A Florida man charged with helping telemarketers in India defraud cash-strapped American consumers will be banned from … Continue reading

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Too busy? File your W-2s, 1099s and SSA filings the easy way. Use Greatland Yearli.

Yes, I am a procrastinator and yes, I hate to re-create the wheel. So, I use Greatland Yearli every year as the process is super easy and accurate. Continue reading

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Last minute charitable giving = tax deduction.

Remember to keep an itemized list of the items and their approximate value, if you plan to claim a deduction for the donations. Goodwill has a handy valuation guide at http://www.goodwill.org/wp-content/uploads/2010/12/Donation_Valuation_Guide.pdf. Continue reading

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Finally, a year end that we can tax plan, again!

We can finally plan, again. Continue reading

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Get your required minimum distribution (RMD) before it’s too late

In general, those who are over age 70½ must take at least a minimum payment from their retirement account each year by December 31. Continue reading

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Plan now to save on taxes later

Even though tax filing time is far away, the fall is the perfect time to start your planning so you can take advantage of all opportunities to minimize your tax bill. That begins with ensuring you’ve taken all the deductions … Continue reading

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Alert to taxpayers – IRS warns of fake emails purporting to contain an IRS tax bill related to the Affordable Care Act

Issue Number: IR-2016-123 Inside This Issue IRS and Security Summit Partners Warn of Fake Tax Bill Emails WASHINGTON — The Internal Revenue Service and its Security Summit partners today issued an alert to taxpayers and tax professionals to be on … Continue reading

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IRS Spent $10.71 Million on Guns and Ammo

What?  Why?  Now… wait a minute, why??? The Internal Revenue Service spent $10.71 million on guns, ammunition and other military-style equipment from fiscal year 2006 to FY 2014, according to a new report. Source: IRS Spent $10.71 Million on Guns … Continue reading

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It is time to start planning for next year’s taxes.

You can also get Tax Tips on IRS.gov or IRS2Go, the IRS mobile app. Continue reading

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IRS Acquiescence Gives Unmarried Couples a Double Deduction | Accounting Today News

Source: IRS Acquiescence Gives Unmarried Couples a Double Deduction | Accounting Today News Continue reading

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