Benefits May 29, 2026
Don’t Forget About Tax on Social Security Benefits
Seniors can lower their PI via capital losses, annuities, growth stocks, life insurance, or IRA contributions.
April 17, 2015
2015 Reviews of Professional Tax Preparation Systems
For this year’s tax software reviews, we looked at eleven tax software solutions. As in prior years, we separated the reviews into two broad categories – Advanced Workflow and Traditional Workflow.
April 17, 2015
IRS Takes Average of 278 Days to Resolve Identity Theft Cases, and That’s an Improvement Over 2013
Victims of identity theft continue to experience delays and errors in receiving refunds, according to a report publicly released today by the Treasury Inspector General for Tax Administration (TIGTA).
April 17, 2015
Report: IRS Depended More on Technology During 2015 Filing Season than Previous Years
The filing season, defined as the period from January 1 through mid-April, is critical for the IRS because it is during this time that most individuals file their income tax returns and contact the IRS if they have questions about specific laws or filing
April 16, 2015
With Increase in Legalized Marijuana, Employers Must Carefully Navigate Drug Testing Policies
Facing end-stage renal disease, Charlie Davis began using legally prescribed marijuana through New Jersey’s Medicinal Marijuana Program in 2013. A five-year employee with New Jersey Transit, he was “bumped” from his job as a lead clerk by a more ...
April 16, 2015
2015 Review of Intuit Tax Online
Intuit Tax Online is a tax solution intended for sole-practitioners and small firms looking for a mobile tax preparation option. New this year are continued efforts to enhance the user interface and the ability to capture electronic signatures.
April 15, 2015
For Taxpayers Who Missed the April 15 Deadline, Here’s What To Do
So, what can a taxpayer do if they didn't file in time, but they also don't want to keep their head buried in the sand? For most Americans who are owed a tax refund by the IRS, there's no need to panic. The tax agency doesn't assess penalties when a ...
April 15, 2015
Hey Millennials: What Are You Doing With Your Tax Refund?
Millennials are about to get millions of dollars from the IRS. What they plan on doing with it may tell us whether they will be the frugal types they are sometimes credited with, or will follow in the free-spending footsteps of the generation before them.
April 14, 2015
Can’t Pay Your Taxes? Expert Offers Tips on What to Do
With only a few hours to go before the April 15 deadline to file income tax returns, some who got a late start or need more time may contemplate filing a six-month extension.
April 14, 2015
Split Decision on IRAs: Pub 590-B Covers Distribution Rules
The new Pub. 590-B applies to 2014 tax returns filed in 2015. Two aspects that have often befuddled taxpayers in the past are the RMD rules for Roth IRAs and the options available when inheriting traditional IRAs.
April 14, 2015
4 Tax Saving Carry-Overs from 2014 Income Tax Returns
Usually, a transaction that occurs during the tax year is reflected on the tax return for that particular year. For instance, if you realize a capital loss on the sale of stock in 2015, the loss offsets tax liability on your 2015 return.
April 14, 2015
President Obama’s Income Tax Return Shows Drop in Earnings
In his sixth year in office, President Obama’s taxable income has continued to decline, according to his 2014 tax return.
April 14, 2015
Psst: You Don’t Have to File Your Taxes By April 15
April 15 is ingrained, implanted permanently in most Americans' minds as the deadline for filing annual income taxes with the Internal Revenue Service. But what if I told you that you don't really have to file your form 1040 by April 15?