IRS Office of Appeals Pilots Virtual Service
Jul31

IRS Office of Appeals Pilots Virtual Service

The Internal Revenue Service Office of Appeals will soon pilot a new web-based virtual conference option for taxpayers and their representatives. This virtual face-to-face option will provide an additional option for taxpayer conferences. The IRS expects it to be especially useful for taxpayers located far from an IRS Appeals office. Each year, the Office of Appeals hears appeals of more than 100,000 taxpayers attempting to resolve...

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How To Get Tax Transcripts And Copies Of Tax Returns From The IRS.
Jul28

How To Get Tax Transcripts And Copies Of Tax Returns From The IRS.

Taxpayers should keep copies of their tax returns for at least three years. Those who need a copy of their tax return should check with their software provider or tax preparer. Prior year tax returns are available from IRS for a fee. For those that need tax transcripts, however, IRS can help. Transcripts are free. Tax Transcripts A transcript summarizes return information and includes Adjusted Gross Income (AGI). They are available...

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Reduce Certain Summertime Costs with the Child and Dependent Care Tax Credit
Jul26

Reduce Certain Summertime Costs with the Child and Dependent Care Tax Credit

Many parents send their children to summer day camps while they work or look for work. The IRS urges those who do to save their paperwork for the Child and Dependent Care Tax Credit. Eligible taxpayers may be able claim it on their taxes in 2018 if they paid for day camp or for someone to care for a child, dependent or spouse during 2017.   Here are a few key facts to know about this credit:   1.     Qualifying Person. The care...

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Making The Most Out Of Miscellaneous Deductions.
Jul23

Making The Most Out Of Miscellaneous Deductions.

Miscellaneous deductions are tax breaks that generally don’t fit into a particular tax category.  They can help reduce taxable income and the amount of taxes owed.  For example, some employees can deduct certain work expenses like uniforms as miscellaneous deductions.  To do that, they must itemize their deductions instead of taking the standard deduction on their tax return.                    Here are several tips from the IRS about...

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Summer Newlyweds Should Also Think About Taxes
Jul22

Summer Newlyweds Should Also Think About Taxes

Spring showers bring summer flowers and weddings typically aren’t far behind. Newlyweds have a lot to think about and taxes might not be on the list. However, there is good reason for a new couple to consider how the nuptials may affect their tax situation. The IRS has some tips to help in the planning: Report changes in: Name. When a name changes through marriage, it is important to report that change to the Social Security...

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