by Bill Houston | Aug 4, 2016 | Uncategorized
How does a 0% tax rate sound. Opportunities are rare, but here are some ways to earn or receive income, without paying taxes on it. Contribute to a Roth IRA – For most people, this is a no-brainer. The Roth is a retirement account that allows the money...
by Bill Houston | Jul 14, 2016 | Uncategorized
You may now have a chance to have your complaints about the IRS heard by a self-styled watchdog group that is trying to independently audit the IRS with the help of taxpayers. The Tax Revolution Institute— a Washington, D.C.-based nonprofit that says it wants to...
by Bill Houston | Jul 11, 2016 | Uncategorized
Can you claim summer camp expenses for the dependent care credit? In many cases, the answer is yes. If your child meets certain requirements, there is nothing in the tax code that says you have to find the least expensive day care in order to claim the dependent care...
by Bill Houston | Jun 26, 2016 | Uncategorized
The 1099-C form is often a surprise when received in the mail. There are a number of situations which may result in a taxpayer receiving a 1099-C in the mail. For instance, You negotiate with your credit card company and they reduce your debt from $6000 to $2000....
by Bill Houston | May 31, 2016 | Uncategorized
We all know there are a lot of scammers committing tax fraud. The IRS reports that $3.1 billion in fraudulent refunds were issued during the filing season in 2014. The IRS has stated that they need to be ahead of the scammers in order to stop the fraud. The plan...
by Bill Houston | May 26, 2016 | Uncategorized
NEWLYWED CHECK LIST If one of you has taken on a new name, notify the Social Security Administration right away. You can do that by filing Form SS-5, Application for a Social Security Card (website is www.ssa.gov).. When you file your taxes, if the name on the tax...
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