News & Articles

5 Last-Minute Ideas to Lower Your 2018 Taxes

Posted on Mon, Mar 18, 2019

It's almost Tax Day! But don't despair; there still may be time to make some moves that will save taxes for your 2018 tax year. Here are five tax-saving ideas to consider. 

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Tags: Deductions, Tax Return, Tax Deduction

Don't Overlook Miscellaneous Itemized Deductions

Posted on Fri, Dec 08, 2017

Many people itemize deductions on Schedule A of their tax returns, rather than taking the standard deduction. Your tax preparer will generally advise you to do so if your allowable itemized deductions exceed the standard deduction.

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Tags: Expenses, Deductions, Tax Return

Spouses are Guilty Until Proven Innocent

Posted on Mon, Jun 12, 2017

When you got married, you knew it was for "better or worse." But you might not know about laws that hold you responsible if your spouse cheats on a tax return.

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Tags: IRS, Tax Return, Marriage

Spring Cleaning: When Can You Purge Your Old Financial Records?

Posted on Mon, Apr 24, 2017

Feeling the urge to purge? April 18, 2017, was the deadline for individuals and C corporations to file their federal income tax returns for 2016 (or to file for an extension). Before you clear your filing cabinets of old financial records, however, it's important to make sure you won't be caught empty-handed if an IRS auditor contacts you.

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Tags: IRS Audit, Records Retention, IRS, Tax Return, Maintain Records

Tax Fraud Awareness: How to Protect Your Identity and Assets

Posted on Tue, Jan 17, 2017

The IRS, taxpayers and tax preparers share a common enemy: identity thieves. We all have a part to play in the fight against tax-related identity theft. Your role starts by learning the mechanics and warning signs. From there, taxpayers can take proactive steps to protect their data online and at home.

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Tags: Tax, IRS, Fraud, Tax Return

Tax Responsibilities After Someone Dies

Posted on Mon, Dec 05, 2016

The death of a loved one is always difficult but it can be even more challenging if you are the one who must handle all the resulting tax responsibilities.

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Tags: Tax, Estate, Tax Return

Can a Modest-Income Elderly Person Stop Filing Tax Returns?

Posted on Mon, Jun 27, 2016

As the Old Saying Goes: Better Safe than Sorry.

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Tags: responsible person, Individual Income Tax, Tax Return, Taxes

Year-End Marital Status and Taxes: Timing Is Everything

Posted on Tue, Dec 02, 2014

As if the process of getting married (or divorced) isn't difficult enough, couples also need to take income tax considerations into account before tying (or untying) the knot. That's particularly true for those who plan a change in marital status late this year or early next year. A taxpayer's marital status for the entire year is determined as of December 31. A taxpayer who is married (or divorced) on that date is treated as if he or she were married (or single) all year long.

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Tags: EHTC Article, Marital Status, Year-End Planning, Newsletter, Articles, Tax Return

Ten Year-End Tax Planning Ideas for Individuals

Posted on Tue, Oct 28, 2014

Another year is winding down. Before the hustle and bustle of the holidays sets in, it's a good time to brainstorm ideas to lower your 2014 tax bill. Here's an overview of what's happening in the world of tax -- and 10 simple tax-saving strategies that you can implement before year end.

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Tags: EHTC Article, Tax Planning, Income, Year-End, Tax Rates, Newsletter, Articles, Tax Return, Taxes

Can a Modest-Income Elderly Person Stop Filing Tax Returns?

Posted on Sun, Oct 05, 2014

As the Old Saying Goes: Better Safe than Sorry.

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Tags: EHTC Article, IRS Audit, IRS, Newsletter, Articles, Tax Return, Filing, IRS Filing, Taxes