by Harry | Jan 25, 2017 | News & Tips
Earning 53k or less? If you are, you may be eligible to qualify for Earned Income Tax Credit (EITC). EITC is an income tax credit for rural taxpayers, who are living paycheck to paycheck. Since it’s a refundable credit, there are certain criteria you must meet before...
by Harry | Jan 25, 2017 | News & Tips
The IRS is successfully beginning to accept 2016 income tax returns with over 153 million returns estimated to be filed. You have until April 18,2017 to file your taxes before you have the IRS knocking on your door, unless you have already filed for an extension. The...
by Harry | Dec 20, 2016 | News & Tips
The Internal Revenue Service had already dropped a bombshell in recent news when they announced that some taxpayers will face a delay in receiving their tax refund with the deadline to file taxes being on April 18th. Recently, the IRS just announced that the next tax...
by Harry | Dec 19, 2016 | News & Tips
The IRS has issued an option of using standard mileage rates to calculate costs associated with operating vehicles for business, charitable, medical, or moving purposes in order to calculate deductible costs, according to Jeff Stimpson from AccountingToday.com....
by Harry | Dec 14, 2016 | News & Tips
The Treasury Inspector General for Tax Administration (TIGTA) released a new poster to further warn taxpayers of a recent trend of unsolicited and illicit calls by people who are claiming to be the Internal Revenue Service (IRS) and Treasury employees attempting to...
by Harry | Dec 14, 2016 | News & Tips
A new year brings new changes, especially in the IRS’ case. This stems from the fact that society is changing fast, and the agency’s Human Resource department is already reinventing how it plans to keep up with these changes. This new plan will stretch to 5 years and...
