As part of a national effort by states to combat stolen-identity tax fraud, many states have taken extra efforts to deal with the situation. Here are below few examples: Each state has introduced on their website the ways you can report Identity theft to them   All states or state may request taxpayer’s and...

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If you were a nonresident alien student, teacher, or trainee who was temporarily present in the United States on an “F,””J,””M,” or “Q” visa, you are considered engaged in a trade or business in the United States. You must file Form 1040NR, U.S. Nonresident Alien Income Tax Return (or Form 1040NR-EZ, U.S. Income Tax Return...

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  Various states in United States have signed reciprocal tax treaties with their neighboring states. Reciprocal agreements allow residents of one state to work in a neighboring state while only paying taxes to their resident state.  This simplifies tax for people who live in one state, but work in another by requiring them to file...

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If you’re still keeping old tax returns and receipts stuffed in a shoe box stuck in the back of the closet, you might want to rethink that approach. The IRS has teamed up with state revenue departments and the tax industry to make sure you understand the dangers to your personal and financial data. Taxes....

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Below are all health coverage exemptions for the 2015 tax year. If you qualify for one of these exemptions, you don’t have to have insurance or pay the fee for the months the exemption applies. Income-related exemptions The lowest-priced coverage available to you, through either a Marketplace or job-based plan, would cost more than 8.05%...

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As the January 19 start date for the 2016 filing season draws near, you should know the actions IRS is considering to protect you from identity theft and refund fraud. The IRS IP PIN is a 6-digit number assigned to eligible taxpayers to help prevent the misuse of their Social Security number on fraudulent federal...

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There are certain life events that are going to impact how much you pay in taxes. For the most part, these can be positive changes, but changes that you should be aware of nonetheless. Here are just a few examples: Marriage This changes your marital status for tax filing – Marries filing Joint or Married...

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We are pleased to announce the launch of our newly re-designed website! We have a new logo too! The site has been redesigned for user-friendly navigation, cool social sharing features, and the latest information about tax planning! You’ll find what you’re looking for in fewer clicks. Some new features include a detailed FAQ section, information...

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