If you prepare or help prepare federal tax returns for compensation, you must have a valid Preparer Tax Identification Number (PTIN) from the IRS. It only takes 15 minutes to renew your Preparer Tax Identification Number or PTIN in 3 … Read More
Tax Tips
TAS Tax Tip: File Your 2021 Tax Return to Claim Certain Credits Before Time Runs Out to Use IRS Free File Options!
October 28, 2022 – The Taxpayer Advocate Service shares information to help taxpayers claim credits on their 2021 tax returns. Hurry – time is running out to claim your credits on your 2021 federal income tax return using the … Read More
TAS Tax Tip: Tax resources for individuals filing a federal income tax return for the first time
October 27, 2022 – The Taxpayer Advocate Service shares information to help first-time filers meet their federal tax obligations. Every year brings new people into the workforce. The Taxpayer Advocate Service (TAS) wants to reach individuals filing tax returns for … Read More
TAS Tax Tip: Did IRS adjust your charitable contribution deduction?
October 26, 2022 – The Coronavirus Aid, Relief, and Economic Security (CARES) Act enacted March 27, 2020, permits taxpayers to deduct up to 100 percent of their adjusted gross income (AGI), for qualified contributions made during calendar year 2020. The … Read More
TAS Tax Tip: Get Current on Your Federal Taxes
September 14, 2022 – Part of your Mid-Year Tax Checkup should include seeing whether you have any overdue tax returns and making sure you file them as soon as possible. If you’re not sure whether you are required to file, … Read More
TAS Tax Tip: What the Inflation Reduction Act Means for You
September 12, 2022 – The Inflation Reduction Act, which includes expanded or extended tax credits and additional funding for the IRS, was signed into law on August 16, 2022. How could the Inflation Reduction Act impact you when filing your … Read More
TAS Tax Tip: Valuable information about child and dependent-related tax benefits
If you have children or other dependents, and qualify to claim them on your tax return, there are a few things you need to know before you file your federal tax return. General Information Child and dependent-related tax benefits … Read More
TAS Tax Tip: Paying the IRS
August 17, 2022 – Learn more about the different options available to pay your federal taxes. TAS Tax Tip: Paying the IRS Taxes should be paid as you earn or receive income during the year. The IRS offers a variety … Read More
TAS Tax Tip: Mid-Year Tax Checkup
August 15, 2022 – It’s time for a mid-year tax checkup. This quick checkup will help you avoid being surprised with a potentially large tax bill when you file your income tax return. Summertime is the perfect time for a … Read More
TAS Tax Tip: Small business tax highlights
August 11, 2022 – The form of business you operate determines what taxes you must pay and how you pay them. There are four general types of business taxes TAS Tax Tip: Small business tax highlights The form of … Read More