Beware of Tax Preparer Fraud: What You Need to Know
What is Tax Preparer Fraud? Tax preparer fraud is a broad term encompassing various deceptive practices carried out by individuals or firms hired to assist with tax preparation. At its
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Making Your Voice Count: The Tax Implications of Political Contributions
Are Political Donations Tax Deductible? The tax deductibility of political donations (cash or in-kind) is a common question among taxpayers. In general, the answer is “no,” political donations are not
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3 Reasons to File Your Tax Return Now – Even If You Owe
1. Protect Yourself From Tax Fraud During the 2023 tax season, the IRS flagged more than 1 million tax returns for potential identity theft. The earlier you submit your tax
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What’s The Deal With 1099s? Everything You Need to Know About These Tax Forms
5 Most Common 1099 Tax Forms If you made money from a side hustle, a high-yield savings account, stocks, or mutual funds, you’ll probably receive one or more of the
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Can You Deduct Your Medical Expenses from Taxes?
IRS Guidelines For Deducting Medical Expenses Before we dive into the specifics of which medical expenses are tax deductible, it’s important to understand the guidelines set forth by the Internal
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Can I Claim My Parent as a Dependent?
IRS Rules For Claiming a Parent as a Dependent The IRS has specific guidelines in place to determine whether you can claim your parent as a dependent on your tax
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Get Ahead of the Game: A Guide to Filing Taxes in 2024
Important Dates and Deadlines for Filing Taxes in 2024 The 2024 tax season officially kicks off on January 23, 2024. This is the first date the IRS will accept 2023
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