The Most Common Reasons Tax Returns Get Audited

“Only about 1% of taxpayers are audited. What triggers an audit is generally something on the tax return that’s out of the ordinary,” he says. “For example, if you have a side business and file a Schedule C, the IRS will flag large losses, particularly if they offset other income. The IRS is looking to Read more about The Most Common Reasons Tax Returns Get Audited[…]

Summary of Federal Tax Law Changes for 2010-2016

Learn how federal tax law changes could impact your tax return in 2010 and beyond. Many of the tax breaks in recent tax-relief bills were designed to be phased in over a number of years, or are indexed to inflation. To help you determine how these tax laws affect your long-term planning, this article explains Read more about Summary of Federal Tax Law Changes for 2010-2016[…]

Know Your State Tax Filing Status for Same Sex Couples

Know Your State Tax Filing Status for Same Sex Couples The federal government has made some things clear: Same sex couples married in any jurisdiction that permits such unions must now file their federal returns as married, even if they live in a state that doesn’t recognize their marriage. But the rules for state tax Read more about Know Your State Tax Filing Status for Same Sex Couples[…]