July 20, 2017

Keep the Child and Dependent Care Tax Credit in Mind for Summer Planning

During the summer many parents may be planning the time between school years for their children while they work or look for work. The IRS wants to remind taxpayers that are considering their summer agenda to keep in mind a tax credit that can help … [Read more...]

Prepare for Hurricanes, Disasters by Safeguarding Tax Records

WASHINGTON —With the early start of this year’s hurricane season, the Internal Revenue Service encourages individuals and businesses to safeguard themselves against natural disasters by taking a few simple steps. Create a Backup Set of Records … [Read more...]

Business Taxes for the Self-Employed

  The IRS has released a webinar to help self-employed small business owners determine what business taxes they are responsible for. Click on the link below to access the webinar. The link will open in a new window. IRS Webinar - Business … [Read more...]

What Should I Do With My Tax Records?

Now that you have filed your taxes, what do I need to save and when can I get rid of old records? Keeping good records after you file your taxes is a good idea, as they will help you with documentation and substantiation if the IRS selects your … [Read more...]

Employee or Independent Contractor

The IRS has released a webinar to help small business owners determine what kind of worker they have. Click on the link below to access the webinar. The link will open in a new window. IRS Webinar - Proper Worker Classification … [Read more...]

Home Office Deductions

  Do you work from home? The IRS has a Home Office Deduction that you may qualify for. The IRS has the following six requirements to help you determine if you qualify for the home office deduction. 1. Generally, in order to claim a … [Read more...]

10 Tax Credit Tips for Child and Dependent Care Expenses

Ten Tips on a Tax Credit for Child and Dependent Care Expenses Did you know you may qualify to claim the Child and Dependent Care Credit if you paid someone to care for your child, spouse, or dependent last year. Below are 10 important things the … [Read more...]