Choosing the right filing status

Posted on 12. Mar, 2014 by in 2013 Taxes, Tax, Tax Reminders

Using the correct filing status is very important when you file your tax return. You need to use the right status because it affects how much you pay in taxes. It may even affect whether you must file a tax return.

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Are you eligible for the Premium Tax Credit?

Posted on 09. Mar, 2014 by in 2013 Taxes, Tax, Tax Reminders

The premium tax credit can help make purchasing health insurance coverage more affordable for people with moderate incomes. To be eligible for the credit, you generally need to satisfy three rules.

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Are your social security benefits taxable?

Posted on 05. Mar, 2014 by in 2013 Taxes, Tax Reminders

Some people must pay taxes on part of their Social Security benefits. Others find that their benefits aren’t taxable. If you get Social Security, the IRS can help you determine if some of your benefits are taxable.

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Deducting medical and dental expenses

Posted on 03. Mar, 2014 by in 2013 Taxes, Tax Reminders

If you plan to claim a deduction for your medical expenses, there are some new rules this year that may affect your tax return.

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Hire veterans by December 31 for tax savings

Posted on 19. Dec, 2013 by in 2013 Taxes, Tax, Tax Reminders

If you plan to hire soon, consider hiring veterans. If you do, you may be able to claim the federal Work Opportunity Tax Credit worth thousands of dollars. You must act soon. The WOTC is available to employers that hire qualified veterans before the new year. Here are six key facts about the WOTC: Hiring […]

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Three year-end tax tips to help you save

Posted on 19. Dec, 2013 by in 2013 Taxes, Tax, Tax Reminders

Although the year is almost over, you still have time to take steps that can lower your 2013 taxes.

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IRS.gov can be valuable resource for non-profits

Posted on 26. Nov, 2013 by in Nonprofit, Tax, Tax Reminders

The IRS provides extensive and useful information at its IRS.gov website to help educate staff and Boards on the requirements and pitfalls of starting, maintaining and running a tax exempt organization.

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IRS: Same sex marriage recognition

Posted on 14. Nov, 2013 by in 2013 Taxes, Tax, Tax Reminders

Same sex marriages are recognized by the IRS. This article contains some excellent information in this regard. Please note that, generally, you can go back 3 years to file an amended 1040. This may be advantageous to those who wish to go back and file as “married filing jointly”. Treasury and IRS Announce That All […]

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Annual electronic filing requirements for small exempt organizations

Posted on 12. Nov, 2013 by in 2013 Taxes, Tax, Tax Reminders

What small exempt organizations need to do to file a 990-N postcard filing.

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Reminder: Filing Deadline – 31 December 2012

Posted on 28. Dec, 2012 by in 2012 Taxes, All Events, Tax Reminders

Several items are due on this date: File Form 730 and pay tax on wagers accepted during November. File Form 2290 and pay the tax for vehicles first used during November. Deadline: 31 December 2012

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