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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Attn: All businesses

Posted on 28. Feb, 2014 by in

File information returns (for example, Forms 1099) for certain payments you made during 2013.

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IRS warns: Don’t fall for the dirty dozen tax scams

Posted on 22. Feb, 2014 by in 2014 Taxes

Every year, the IRS releases a “Dirty Dozen” list of tax scams for taxpayers to pay attention to. Falling for these scams, such as identity theft or phishing, can cause people to lose money, face penalties or, even, face criminal charges.

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Attn: Individuals

Posted on 18. Feb, 2014 by in

If you claimed exemption from income tax withholding last year on the Form W-4, Employee’s Withholding Allowance Certificate, you gave your employer, you must file a new Form W-4 by this date to continue your exemption for another year.

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Attn: All businesses

Posted on 18. Feb, 2014 by in

Give annual information statements to recipients of certain payments you made during 2013. You can use the appropriate version of Form 1099 or other information return.

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Attn: Employees who work for tips

Posted on 10. Feb, 2014 by in

If you received $20 or more in tips during January, report them to your employer. You can use Form 4070.

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Attn: All businesses

Posted on 31. Jan, 2014 by in

Give annual information statements to recipients of certain payments you made during 2013.

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