Refinancing Your Osceola County Home? Consider The Tax Implications First!
Nov17

Refinancing Your Osceola County Home? Consider The Tax Implications First!

It’s widely know that this is an outstanding time to refinance  your home if you are financially able and if your current mortgage situation makes it a sensible move. However, before deciding to refinance, there are a couple of tax consequences you need to consider: Cash-out refinancing. If you borrow more than you need to cover your outstanding mortgage balance, the tax treatment of the cash-out portion depends on how you use...

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Tax Payers Bill of Rights
Nov17

Tax Payers Bill of Rights

Every taxpayer has a set of fundamental rights. You should be aware of these rights when you interact with the Internal Revenue Service. The “Taxpayer Bill of Rights” takes the many existing rights in the tax code and groups them into 10 broad categories. That makes them easier to find and to understand. You can find a list of your rights and the IRS’s obligations to protect them in Publication 1, Your Rights as a Taxpayer. It...

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Choosing a Tax Return Preparer Now Allows More Time For Taxpayers To Consider
Nov17

Choosing a Tax Return Preparer Now Allows More Time For Taxpayers To Consider

While there is still time before the next tax filing season, choosing a return preparer now allows more time for taxpayers to consider appropriate options and to find and talk with prospective tax preparers rather than during tax season when they’re most busy. Furthermore, it enables taxpayers to do some wise tax planning for the rest of the year. If a taxpayer prefers to pay someone to prepare their return, the Internal Revenue...

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IRS Urges Public to Stay Alert for Scam Phone Calls
Nov15

IRS Urges Public to Stay Alert for Scam Phone Calls

The IRS continues to warn consumers to guard against scam phone calls from thieves intent on stealing their money or their identity. Criminals pose as the IRS to trick victims out of their money or personal information. Here are several tips to help you avoid being a victim of these scams: Scammers make unsolicited calls. Thieves call taxpayers claiming to be IRS officials. They demand that the victim pay a bogus tax bill. They con...

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