“Dirty Dozen” Tax Scams

The Internal Revenue Service began its “Dirty Dozen” list for 2021 with a warning for taxpayers, tax professionals and financial institutions to be on the lookout for these 12 nefarious schemes and scams. This year’s “Dirty Dozen” will be...

IRS Free File

This year’s federal tax filing deadline for individuals has been postponed to May 17 from April 15. Free File offers free access to brand-name tax software to anyone who makes $72,000 or less. Already this year, more than 2.96 million individuals and couples...

How Will COVID-19 Affect Your Taxes?

If you are one of the many Americans who were affected by COVID-19 you may be wondering what will happen with your tax return. If you owed money to the IRS, you may be able to get back some of the money you lost through unemployment or business closure. If your...

Have a Hobby You Make Money From?

Tips for Taxpayers Who Make Money From a Hobby Many people enjoy hobbies that are also a source of income. From painting and pottery to scrapbooking and soap making, these activities can be sources of both fun and finances. Taxpayers who make money from a hobby must...

Preparing for Tax Returns

Gathering records before preparing tax return makes filing go smoother. As taxpayers are getting ready to file their taxes, one of the first things they’ll do is gather their records. To avoid refund delays, taxpayers should gather all year-end income documents before...