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January 21, 2017January 24, 2017 TACCT

Do I need a driver’s license number to file a return?

Tax Filing, Tax News, Tax Update, Taxes
Do I need a driver’s license number to file a return?

Federal Requirements You do not need a driver’s license number to file a federal return. Some states may request your driver’s license number for state

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January 15, 2017 TACCT

Self-Employed Tax Tips

Business, Tax Deductions, Tax Filing, Tax Forms, Tax Tips, Taxes
Self-Employed Tax Tips

Tax Tips for the Self-Employed Prior to tax planning, you must understand the difference between a self-employed individual and one who works full-time. You should

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January 14, 2017 TACCT

Fourth Quarter Estimated Taxes Due Jan 17th

Tax News, Tax Update, Taxes
Fourth Quarter Estimated Taxes Due Jan 17th

What are Estimated Taxes? Estimated tax is the method used to pay tax on income that is not subject to withholding. This includes income from self-employment,

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January 13, 2017March 2, 2017 TACCT

How to Report Gambling Income and Losses on Your Tax Return

Tax Deductions, Tax Filing, Tax Forms, Tax Tips, Taxes
How to Report Gambling Income and Losses on Your Tax Return

Six Tips on Gambling Income and Losses Whether you roll the dice, play cards or bet on the ponies, all your winnings are taxable. The

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January 13, 2017 TACCT

Adjusting Your Income Tax Withholdings to Receive More Money During the Year

Tax Filing, Tax Forms, Tax Tips, Taxes
Adjusting Your Income Tax Withholdings to Receive More Money During the Year

Change Withholding Check your year-to-date withholding and consider changing the taxes withheld if you are expecting a large refund. This is especially important if you are

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January 7, 2017 TACCT

Delayed Refunds for Tax Year 2016 Due to IRS Identity Theft Precautions

Tax Credits, Tax Filing, Tax News, Taxes
Delayed Refunds for Tax Year 2016 Due to IRS Identity Theft Precautions

Refunds for Returns with EITC or ACTC Delayed The PATH Act of 2015 requires the IRS to hold 2016 refunds claiming the Earned Income Tax Credit

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January 7, 2017January 7, 2017 TACCT

Explaining the Health Care Law and How it Affects You

Health, Tax Tips, Taxes
Explaining the Health Care Law and How it Affects You

Health Care Law If/Then Chart As you prepare to file your 2016 tax return, review this chart to see how the health care law affects you.

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December 18, 2016 TACCT

Low to Middle Income Taxpayer Saver’s (Retirement) Credit

Tax Credits, Taxes
Low to Middle Income Taxpayer Saver’s (Retirement) Credit

Retirement Savings Contributions Credit As the tax filing season approaches, the Internal Revenue Service reminds low- and moderate-income workers that they can take steps now

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December 14, 2016December 18, 2016 TACCT

2017 Mileage Rates Lowered by IRS

Business, Tax Deductions, Tax Filing, Tax Update, Taxes
2017 Mileage Rates Lowered by IRS

The Internal Revenue Service has issued the 2017 optional standard mileage rates to calculate the deductible costs of operating an automobile for business, charitable, medical

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December 14, 2016 TACCT

Determine if You’re Eligible for a Health Care Exemption or Have to Pay a Shared Responsibility Payment

Health, Tax Filing, Tax News, Taxes
Determine if You’re Eligible for a Health Care Exemption or Have to Pay a Shared Responsibility Payment

Health Coverage Options With the 2017 tax filing season approaching, it’s not too early to think about how the health care law affects your taxes.

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