If you are self-employed or have other fourth-quarter income that requires you to pay quarterly estimated taxes, make sure your 4th quarter 2014 estimated tax payment is postmarked by January 15, 2015. What are the filing dates for federal quarterly estimated
Tax/Business News & Updates
Health Insurance Information You Will Need to Prepare Your Taxes
Whether you are preparing your taxes yourself or using a tax preparer, this year’s taxes will be a little more complicated. Since the provisions of the Affordable Care Act (ACA) became effective in 2014, tax preparers need even more information
Tax Season Starts January 20th 2015
The Internal Revenue Service announced that it anticipates opening the 2015 tax filing season as scheduled on January 20th 2015. Keep in mind, even if you want to file on January 20, you might not be ready. Employers have until the
Seven Facts about Injured Spouse Relief
If you file a joint return and all or part of your refund is applied against your spouses’ past-due debt you may be entitled to injured spouse relief. An “Injured Spouse” should not be confused with an “Innocent Spouse.” A
Five Ways to Spot IRS Scam Phone Calls
The IRS has issued a consumer alert providing taxpayers with additional tips to protect themselves from telephone scam artists calling and pretending to be with the IRS. These callers may demand money or may say the taxpayer has a refund due and try to
Make An IRA Transfer to Charity for 2014
The Tax Increase Prevention Act extends the provision that allows certain IRA owners to make tax free distributions to charity. The extension applies for the 2014 tax year. This means if the law applies to you, the deadline to complete
New IRS Publication for Health Care Law
The new IRS publication will help you learn about how the Affordable Care Act affects your taxes. IRS Publication 5187, Health Care Law: What’s New for Individuals and Families, is now available on IRS.gov/aca. While the health care law has several
Tax Increase Prevention Act of 2014
Congress has passed the Tax Increase Prevention Act of 2014 which includes more than 50 tax breaks (tax extenders) that were set to expire December 31, 2013 but have been extended temporarily and retroactively. So what exactly are tax extenders, anyway? Tax
IRS Webinar – Help for Charities
Register for the IRS webinar: Help for charities Thursday, Dec. 18 at 2 p.m. ET, 11 a.m. PT You’ll learn: Section 501(c)(3) Exempt Purposes Key activities including o Private Benefit or Inurement activities o Lobbying or legislative activities o Filing requirements o Unrelated business
2015 Standard Mileage Rates
The optional standard mileage rates for employees, self-employed individuals, or other taxpayers are used in computing the deductible costs of operating an automobile for business, charitable, medical, or moving expense purposes. Beginning on Jan. 1, 2015, the standard mileage rates