10 things the IRS wants you to know about your taxes

You can make contributions to a regular IRA by April 18, 2017 and still deduct them on your 2016 tax return. Eligible taxpayers can contribute up to $5,500. If you are over 50, you can contribute up to $6,500. There are phase-outs by income level. You may be eligible...

Red flags show signs of tax preparer fraud

Back in January, we talked about things to consider when choosing a tax preparer. While the majority of tax preparers are ethical and trustworthy, there are some who are not. The IRS continues to warn taxpayers to watch out for unscrupulous tax preparers who may not...

What to do if you don’t have a W-2

By now, everyone should have their W-2s from the employers they worked for in 2016. What do you do if you haven’t received a W-2? (Or more than one of your W-2s?) Contact your employer First step is to contact your employer or former employer. They may not realize...

How to choose a good tax preparer

This time of year, folks are gathering all their information to file their taxes. If you are planning on hiring someone to prepare your taxes, here are some questions to ask the preparer: Do you have a Preparer Tax Identification Number (PTIN) issued by the IRS? It is...

Calculating your ACA premium tax credit

Since the Affordable Care Act (ACA) was enacted, including the individual mandate to have health insurance, many questions arise when it is time to file tax returns. One issue that came up this week is calculating your premium tax credit. If you purchased your health...

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