Blog Archives

Tips About Debt Cancellation

If your lender cancels part or all of your debt, it is usually considered income and you normally must pay tax on that amount. However, the law allows an exclusion that may apply to homeowners who had their mortgage debt

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Name Changes and your Taxes

A name change can have an impact on your taxes. All the names on your tax return must match Social Security Administration records. A name mismatch can delay your refund. Here is what you show know if you changed your

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Reporting Health Coverage on IRS Forms

While most taxpayers will simply need to check a box on their tax return to indicate they had health coverage for all of 2015, there are a few forms and specific lines on forms 1040, 1040A, and 1040EZ that relate

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Hire a great tax professional

Tax preparation commercials are all over TV, radio, and billboards. Even if you’ve filed your own tax return in the past, it is very important to talk to a licensed tax professional/enrolled agent or CPA because of the huge tax

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Protecting Americans from Tax Hikes Act of 2015

With tax season looming, Congress has passed the “Protecting Americans from Tax Hikes Act of 2015” (Tax Extender Bill). In an effort to ensure you’re armed with the laws that apply to 2015 tax returns, we have outlined a partial

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Your Rights as a Taxpayer

As a taxpayer, the congress has given you some rights that the IRS must recognize. I believe it is important to inform you of those rights. My goal in this post is for you to understand these rights, which enable

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When to File an Amended Return

As a Certified Public Accountant, I know the importance of filing an Amended Return and when to file a refund claim, but do you? Of course, I will provide help on your taxes, but I believe that it is important

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