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April, 2017

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Essential Tax Terms to Understand for First-Time Tax Filers

Essential Tax Terms to Understand for First-Time Tax Filers

We admit it, tax filing is not an easy task. It is intricate in itself, plus the instructions do not always come in handy. Filling out the forms is daunting especially for first-timers who are unaware of terms like Adjusted Gross Income, capital gains, exemptions and such. To help you get a better grip on […]
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The IRS Reminds Taxpayers to Consult the Agency before Hiring a Tax Professional

The IRS Reminds Taxpayers to Consult the Agency before Hiring a Tax Professional

Last February 28, The Internal Revenue Service reminded taxpayers to refer to their useful tips and tools in finding a qualified tax professional. Since 2015, a Directory of Federal Tax Return Preparers Credentials and Select Qualifications has been available on the IRS website for the public. The directory is a searchable and sortable database that […]
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IRS Reminds Taxpayers to Avoid Common Tax-filing Errors

IRS Reminds Taxpayers to Avoid Common Tax-filing Errors

As the tax filing deadline approaches, the Internal Revenue warns taxpayers against common tax-filing errors and advises them to take extra time to accomplish their taxes. The IRS noted that errors commonly occur among taxpayers who are completing the tax return at the last minute. Mistakes in Form 1040 lead to prolonged processing and can […]
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