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EDUCATIONAL TAX CREDITS

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The law currently provides for two tax credits, the American…

EDUCATION CREDITS: WHO GETS THE BENEFIT?

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When it comes to who gets the benefit of the education credits,…

DEDUCTION FOR HIGHER EDUCATION INTEREST

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Generally, taxpayers can only deduct home mortgage interest,…

COVERDELL EDUCATION SAVINGS ACCOUNTS

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Coverdell accounts are education trusts that allow funds to…

EDUCATION CREDITS CAN BE CLAIMED ON AN AMENDED RETURN

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Individuals who could have claimed an education credit but failed…

ABOVE-THE-LINE EDUCATION DEDUCTION

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Through 2016, Taxpayers are allowed an above-the-line deduction…

CHARITABLE AWAY-FROM-HOME TRAVEL

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Charitable deductions are allowed only for travel expenses (meals…

WHAT IS A CHARITABLE ORGANIZATION?

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Money or property that you donate to "qualified" charitable organizations…

IRS INTRODUCES NEW SAFE HARBOR HOME OFFICE DEDUCTION

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Effective for tax years beginning in 2013, taxpayers can elect…

HEALTH SAVINGS ACCOUNTS OFFER TAX BREAKS

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A Health Savings Account (HSA) is a trust account into which…

WHAT TO DO IF YOU ARE MISSING A W-2

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Have you received all of your W-2s? These documents are essential…

DO NOT FORGET TO REPORT THOSE FOREIGN FINANCIAL ASSETS!

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Don't overlook the requirement for any individual who holds…

DIRECT DEPOSIT PUTS YOUR MONEY IN YOUR POCKET...FASTER

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Don't wait around for a paper check. Have your federal (and state,…

PREPARED FOR THE NEW SURTAX?

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As part of Obama Care, we have a new tax beginning in 2013. The…

READY FOR A TAKE-HOME PAY CUT?

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For two years, employees have enjoyed a 2% reduction in the FICA…

IRS DELAYS ACCEPTING 2012 RETURNS FOR PROCESSING

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The procrastination in reaching a tax-bill compromise, by our…