by taxPRO Websites Staff | Jul 27, 2021 | Tax Tips and News
Live long enough, and we all come to realize there are still a few universal truths: Everybody likes to save a little time. Everybody likes options. Everybody likes things to be easy. When it comes to dealing with yearly income taxes, the Internal Revenue Service...
by taxPRO Websites Staff | Jul 24, 2021 | Tax Tips and News
Let’s face it: higher education is expensive, whether it’s community college, a trade school, a four-year university or an advanced degree. That’s where higher education tax credits come in. Credits reduce the amount of tax owed by qualified taxpayers. Some credits...
by taxPRO Websites Staff | Jul 23, 2021 | Tax Tips and News
The Internal Revenue Service has long allowed educators to deduct part of the cost of supplies and other expenses from their taxes. The total deduction allowed may not sound like much, but educators all over the U.S. have come to depend on this tax break for a little...
by taxPRO Websites Staff | Jul 21, 2021 | Tax Tips and News
The Internal Revenue Service is continuing to move individual income tax features into the digital age. The agency’s latest move gives taxpayers digital control over who can represent them or view their tax records. The new feature is one of the recent upgrades...
by taxPRO Websites Staff | Jul 20, 2021 | Tax Tips and News
New guidance from the Internal Revenue Service attempts to shine a little light on multiemployer qualified retirement plans that got financial help from the Pension Benefit Guaranty Corporation (PBGC), while explaining what that assistance means for participants and...
by taxPRO Websites Staff | Jul 17, 2021 | Tax Tips and News
After a dismal winter made darker by the COVID-19 pandemic, millions of American families are getting a little sunnier disposition thanks to advance payments of the Child Tax Credit. Millions of the advance payments are now showing up as electronic deposits in...
