January 20, 2010
Martin Luther King and tax
In honor of Martin Luther King, Jr. Day: reports on how some southern officials tried to use state tax laws to stop King and the nascent civil rights movement: "In Alabama, ...
News - John R. Dundon II, Enrolled Agent
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News
January 20, 2010
Buy Savings Bonds with your Federal Tax Refund
If you are receiving a federal tax refund from the Internal Revenue Service, you can choose to use that money to purchase U.S. savings bonds. You may use a portion of your refund to purchase up to $5,000 in U.S. Series I Savings Bonds. The total amount...
January 20, 2010
Tax Credit for Higher Education Expenses
The American Recovery and Reinvestment Act was passed in early 2009 and created the American Opportunity Credit. This educational tax credit – which expanded the existing Hope credit – helps parents and students pay for college and college-related expenses. Here are facts the Internal Revenue Service...
January 20, 2010
How to Obtain a Transcript of Your Past Tax Information
Taxpayers who need their past tax return information can obtain it from the IRS. There are two easy and convenient options for obtaining free copies of your federal tax return information — tax return transcripts and tax account transcripts. The IRS does not charge a fee for...
January 13, 2010
Tax treatment for your children
Got Kids? They may have an impact on your tax situation. Listed below are the top 10 things the IRS wants you to consider if you have children. Dependents In most cases, a child can be claimed as a dependent in the year they were born....
January 13, 2010
Questions to ask your tax preparer
The tax industry is constantly changing and tax professionals are subject to various federal and state regulations. Here are some questions you can ask to help ensure you find an experienced, trustworthy relationship with a tax adviser: What licenses or designations do you have? How long have...
January 12, 2010
Choosing the right tax preparer
The IRS urges people to use care and caution when choosing a tax preparer. Remember, you are legally responsible for what’s on your tax return even if it was prepared by an another individual or firm. Most tax return preparers are professional, honest and...
January 11, 2010
Choosing the right tax form
To file your 2009 individual tax return, you’ll have to decide which form to use…unless you e-file. If you file electronically, the software automatically selects the simplest and best form for you. Whether you use e-file or prepare on paper, using the simplest form will...
January 8, 2010
Dependents and Exemptions
When you prepare to file your tax return, there are two things that will factor into your tax situation: dependents and exemptions. Here are five important facts the IRS wants you to know about dependents and exemptions before you file your 2009 tax return. If someone...
January 6, 2010
Tax Exempt Organization Governance – Audit materials
The IRS has developed a check sheet to be used by IRS Exempt Organizations agents to capture data about the governance practices and the related internal controls of organizations under examination. The data collected will be included in a long-term study to gain a...