Latest From the Blog
Make sure your name matches - Tax Tip of the Week
If you were recently married or divorced, you’ll want to ensure the name on your tax return matches the name registered with the Social Security Administration (SSA). Here's what you need to know.
What's your status? Are you MFS or MFJ? Tax Tip of the Week
If you were legally married on 12/31/09, the IRS considers you married for the entire year of 2009.ringsYou now must decide if you are going to file as Married Filing Jointly (MFJ) or Married Filing Separately (MFS). Note that if you file MFJ it is an irrevocable election—you cannot go back and amend a MFJ return to a MFS return.
ANOTHER new tax form - Tax Tip of the Week
Last week we talked about the new Schedule M. This week we’ll look at the new Schedule L.This form is designed for those who typically take the standard deduction on their tax return (those who cannot itemize.) Specifically, it's where you deduct real estate taxes, motor vehicle sales taxes, and disaster losses.
Introducing a new tax form: Meet Schedule M - Tax Tip of the Week
As you may or may not remember, your pay checks were a little larger last year as a result of the “Making Work Pay Credit.” The larger pay checks were due to reduced tax withholdings. If you received Social Security or received a government pension that does not participate in Social Security, you received a $250 check. This was part of the “Government Retiree Credit.” Schedule M is designed to reconcile these two credits.
Helping Haiti: How to claim donations in 2009 - Tax Tip of the Week
If you are donating to charities providing earthquake relief in Haiti, you may be able to claim those donations on your 2009 tax return. Here is what the IRS wants you to know
Updates to Home Buyer Credit - Tax tip of the week
The IRS recently published some updates that you will need to know to qualify for first-time home buyer and long-time resident credits