The Internal Revenue Service announced that anyone who already took a required minimum distribution (RMD) in 2020 from certain retirement accounts now has the opportunity to roll those funds back into a ...
Read More »Use IRS non-filers tool to get Economic Impact Payment; many low-income, homeless qualify
The Internal Revenue Service is reminding low-income Americans to use the free, online tool Non-Filers: Enter Payment Info to quickly and easily register to receive their Economic Impact Payment. “The IRS is working ...
Read More »Your taxes: Tax Day is now July 15, 2020
Because of the COVID-19 pandemic, you will now have more time to file and pay your state and federal taxes. Both the IRS and state revenue departments have extended the DUE DATE ...
Read More »The new $15.7 billion tax on retirement accounts
We have a saying around our office that retirees are one of the highest and most unfairly taxed groups out there and with the recent passage of the SECURE Act things are ...
Read More »Don’t be victim to ‘ghost’ tax return preparers
With the start of the 2020 tax filing season near, the Internal Revenue Service is reminding taxpayers to avoid unethical “ghost” tax return preparers. According to the IRS, a ghost preparer does ...
Read More »Get ready for taxes: Important things to know about refunds
As tax filing season approaches, the Internal Revenue Service cautions taxpayers not to rely on receiving their refunds by a certain date, especially when making major purchases or paying bills. Some ...
Read More »Need to amend a tax return? Here’s what you should know
Taxpayers may discover an error after filing their taxes. They shouldn’t panic, they just need to correct it by filing an amended tax return. Here are some common reasons to file an ...
Read More »Do you need help with your IRS problem?
The first IRS problem would be if you have not filed tax returns for several years. After 3 years, the taxpayer will not get his refund if one is due him. The ...
Read More »Beto O’Rourke’s plan to destroy churches
Has Francis “Beto” O’Rourke leaked his plan to force churches to accept gay marriage? With seven words—“It is going to be an issue”—the U.S. government signaled to orthodox Christians that if they ...
Read More »What are Enrolled Agents and how can they help you?
Enrolled Agents are tax professionals licensed to represent taxpayers before the IRS. The Enrolled Agent designation dates back to 1884, when many taxpayers were victimized by unscrupulous representatives when claiming losses in ...
Read More »Can the church participate in political debate?
A public debate has started concerning the Kansas Supreme Court, who recently found the right to an abortion in the Kansas State Constitution. Is the church legally restricted from participating in the ...
Read More »Omar files for divorce, faces questions over marriage to brother, tax fraud
Rep. Ilhan Omar (D-Minn.) has separated from her husband with plans to divorce him, according to a new report, amid calls for investigators to probe Omar’s marriage history after it was recently found she ...
Read More »Want to see your church or charities get 30%-60% more money?
The last couple of years have been a rough one for many charities out there. Most have experienced an increasing demand for their services while simultaneously seeing a large drop off in ...
Read More »Taxpayers should be aware of the top tax scams currently in vogue
Tax scammers continue to work. Again this year, the IRS highlights the twelve top scams in its “Dirty Dozen” list. These scams are often aggressive and happen throughout the year. The schemes ...
Read More »Be aware of these tax scams
The tax filing deadline has come and gone, but tax scammers continue to work. Again this year, the IRS highlights the twelve top scams in its “Dirty Dozen” list. These scams are ...
Read More »Here are the top 12 tax scams you need to know
Each year, Americans lose billions of dollars to tax scams. They can range from your grandmother getting a bogus call the she owes money or scammers filing fraudulent claims using your Social ...
Read More »IRS: Refunds of $1.4 billion unclaimed by those who have not filed tax returns for 2015
Unclaimed income tax refunds totaling almost $1.4 billion may be waiting for an estimated 1.2 million taxpayers who did not file a 2015 Form 1040 federal income tax return, according to the ...
Read More »Are you eligible for this new tax credit?
If you are over age 65 or are retired due to a disability, you may be eligible for a separate tax credit designed to help the nation’s seniors and disabled. Even better ...
Read More »Lower tax refunds show how the tax cut is keeping money in your hands all year long
When Republicans transformed America’s broken tax code for the first time in three decades, then-Democratic Leader Nancy Pelosi famously predicted “this is Armageddon” for the nation’s economy. Barely a year later, how ...
Read More »IRS makes changes to EITC Tax Benefit and Child Tax Credit
The IRS is now requiring proof of residency to claim the Earned Income Tax Credit and Child Tax Credit for qualifying dependents (all children being claimed on the return). These credits can be ...
Read More »Tear down the tax wall
The role of government is to maintain an environment for life, liberty and the pursuit of happiness and not to manage the economy not continue an unproductive tax wall. The best government ...
Read More »Steps taxpayers can take now to get ready to file their taxes in 2019
The IRS reminds taxpayers there are steps they can take now to make sure their tax filing experience goes smoothly next year. Taking these steps will also help them avoid surprises when ...
Read More »IRS continues warning on impersonation scams
With tax season completed, the Internal Revenue Service has warned taxpayers to remain vigilant for phishing emails and telephone scams. Summertime tends to be a favorite period for scammers because many taxpayers ...
Read More »Void of collusion, Mueller’s Manafort trial turns to money laundering
WASHINGTON – The trial for Paul Manafort, who was indicted in special counsel Robert Mueller’s Russia probe, begins today minus one big piece of evidence – collusion with Russia. It’s expected to ...
Read More »Two-income families, taxpayers working multiple jobs should get “paycheck checkup”
The Internal Revenue Service urges two-income families and those who work multiple jobs to complete a “paycheck checkup” to verify they are having the right amount of tax withheld from their paychecks. ...
Read More »