Latest From the Blog
Tax Tip of the Week | No. 299 | IRS to Hold Returns with the American Opportunity Tax Credit
If you qualify for the American Opportunity Credit (AOTC) this year, please be aware of a possible "refund hold" on the credit to verify attendance.
Tax Tip of the Week | No. 298 | Thank You!
Aaaah……The week after tax season (and the first full weekend home in two and half months) is the best week in a tax accountant’s life!
Tax Tip of the Week | No. 297 | It Is Better to Extend vs. Not Filing on Time
If you haven’t filed your tax return by now, you should probably consider filing for an extension. It is a lot easier to file for an extension than it is to amend a return later for a mistake you made trying to rush your return to completion. Even more costly is if the IRS finds a mistake you made, they will assess underpayment penalties and interest.
Tax Tip of the Week | No. 296 | No More Double Dipping in Ohio
Beginning with the 2014 filing year, dependents will no longer be able to claim a personal exemption if another taxpayer claims them on their return.
Tax Tip of the Week | No. 295 | A Closer Look at MFS vs. MFJ
A few weeks ago we took a look at Married Filing Jointly (MFJ) vs. Married Filing Separate (MFS). This week we are going to take a closer look on how to properly file these returns.
Tax Tip of the Week | No. 294 | Senate Forms Tax Reform Working Groups
Leaders of the Senate Finance Committee have formed five bipartisan working groups with the goal of analyzing the tax code and developing policy recommendations for comprehensive tax reform.