Accede CPAs

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.

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.

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.

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

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.

The Internal Revenue Service today announced plans to open the 2014 filing season on Jan. 31.

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 […]

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

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.

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 […]