The IRS reminds taxpayers to avoid the rush. As with previous years, the agency expects taxpayers to submit a surge of tax returns during the upcoming Presidents Day weekend. Here are some tips and resources to get taxpayers the help…
Tax Filing Season is Here – Things for Taxpayers to Consider The IRS is now accepting tax returns as the annual tax filing season is underway. The IRS expects taxpayers to file more than 155 million returns this year. Here…
There’s a few things you should you know before deducting donations on your taxes If you take itemized deductions on your tax returns, making charitable cash or in-kind donations are a great way to lower your tax burden. However, not…
[su_youtube url=”https://www.youtube.com/watch?v=LkH-9wwFzuM” autoplay=”yes”] Upgrades to home or home business can save on energy costs as well as a tax deduction Little know state tax deductions are available for homes that are energy efficient. These energy efficient upgrades include windows, solar…
From the IRS Wire [su_youtube url=”https://www.youtube.com/watch?v=ghQp0DxzY6g”] Excessive Claims for Business Credits Makes the IRS “Dirty Dozen” List of Tax Scams The Internal Revenue Service today warned that taxpayers should watch for improper claims for business credits, which…
In order to better combat fraud, the IRS announced that taxpayers that claim the Earned Income Tax Credit (EITC) and/or the Child Tax Credit (CTC) will have to wait a little bit longer for their tax refund check or deposit. This new law only…
People wanting to help Orlando victims targeted by fake charities The IRS issued a press releaseBe warning of an increase in scammers targeting people wanting to help Orlando victims. Such scammers position themselves as fake charities hoping to obtain cash…
We here at Finerpoints Accounting are committed to bringing you the latest information on scams involving income taxes that may arise. The newest one that seems to be popping up from the IRS involves phony emails to HR and Payroll…
Every year we inform you of the IRS’ Dirty Dozen Tax Scams. as every year the IRS updates their list to give you the 12 most common scams or frauds you’ll encounter. 2016 hasn’t brought out many changes, you’ll still…
Tax Tip: Deciding Whether to Itemize or Use the Standard Deduction IRS Newsfeed Today’s tax tip is a common question that we get from many filers on what they can deduct on their taxes. For many easy tax filers (i.e…