Recordkeeping Tips from the Pros
If you want to give your tax recordkeeping skills a performance boost, do what accounting professionals do. Read more
Archive for month: September, 2012
Don’t Panic if the IRS Sends You a Letter
There are many reasons why the Internal Revenue Service could be contacting you. Some contacts involve very minor corrections; some are for serious changes that could involve a lot of money. Sometimes the IRS is correct in what they are seeking; sometimes they are wrong. Read more
Changes Scheduled for Flexible Spending Accounts
Flexible spending accounts (FSAs) are popular with employees because they permit the use of pretax dollars for payment of medical expenses and dependent care costs. Read more
IRS Eases Reporting Requirement for Small Businesses
The “Affordable Care Act of 2010” requires employers to report the cost of coverage under an employer-sponsored group health plan on the employee’s W-2 for 2012. Read more
Back-to-School Tips for Students and Parents Paying College Expenses
WASHINGTON – IRS SUMMERTIME TAX TIP 2012-25 – Whether you’re a recent high school graduate going to college for the first time or a returning student, it will soon be time to head to campus, and payment deadlines for tuition and other fees are not far behind. The IRS offers some tips about education tax benefits that can help offset some college costs for students and parents. Typically, these benefits apply to you, your spouse or a dependent for whom you claim an exemption on your tax return. Read more