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Dec 5, 2020
2 min

How do I download my transcript from the IRS?

Please create an online account with IRS https://www.irs.gov/payments/view-your-tax-account. ONLINE REQUEST  Go to the IRS website ht...

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What type of receipts does the IRS require?

Tax Geaks

Dec 5, 2020
2 min

What type of receipts does the IRS require?

You may choose any recordkeeping system suited to your business that clearly shows your income and expenses. The business you are in affe...

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New income ranges for IRA eligibility in 2021

Tax Geaks

Dec 2, 2020
2 min

New income ranges for IRA eligibility in 2021

There are cost‑of‑living adjustments that may affect a taxpayer's pension plan and other retirement-related savings next year. People sho...

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How the CARES Act changes deducting charitable contributions

Tax Geaks

Dec 2, 2020
1 min

How the CARES Act changes deducting charitable contributions

Whether taxpayers are supporting natural disaster recovery, COVID-19 pandemic aid, or another cause that's personally meaningful to them,...

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Taxpayers have the right to representation when working with the IRS

Tax Geaks

Dec 2, 2020
2 min

Taxpayers have the right to representation when working with the IRS

The IRS grouped all of the rights taxpayers have under the law into the Taxpayer Bill of Rights. Included in the list is the right to ret...

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Use of standard mileage rate, other rules are updated for TCJA

Tax Geaks

Mar 17, 2020
2 min

Use of standard mileage rate, other rules are updated for TCJA

The IRS issued guidance on Thursday updating prior standard mileage rules to reflect provisions of the law known as the Tax Cuts and Jobs Ac

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Here are disaster resources taxpayers can check out now to help them later

Tax Geaks

Mar 17, 2020
2 min

Here are disaster resources taxpayers can check out now to help them later

Natural disasters can – and do – happen at any time. Whether it’s a hurricane, fire, flood, earthquake or tornado, there are things people c

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Here’s how the credit for other dependents can benefit taxpayers

Tax Geaks

Mar 17, 2020
1 min

Here’s how the credit for other dependents can benefit taxpayers

Taxpayers with dependents may qualify to claim a few different tax credits. One of these is the child tax credit. The child tax credit benef

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IRS recommends business owners e-file payroll tax returns

Tax Geaks

Mar 17, 2020
2 min

IRS recommends business owners e-file payroll tax returns

The Internal Revenue Service today urged business owners to take advantage of the speed and convenience of filing these returns electronical

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IRS grants relief for U.S. persons who own stock in certain foreign corporations

Tax Geaks

Mar 17, 2020
1 min

IRS grants relief for U.S. persons who own stock in certain foreign corporations

The Department of the Treasury and the Internal Revenue Service today issued Revenue Procedure 2019-40 and proposed regulations that provid

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Taxpayers should beware of property lien scam

Tax Geaks

Feb 26, 2020
1 min

Taxpayers should beware of property lien scam

With scam artists hard at work all year, taxpayers should watch for new versions of tax-related scams. One such scam involves fake property

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It’s important for tax pros to know the signs they are a cyber-thief's victim

Tax Geaks

Feb 26, 2020
1 min

It’s important for tax pros to know the signs they are a cyber-thief's victim

Tax professionals should learn the tell-tale signs that their office may have experienced a data theft. Such thefts could have resulted in

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Taxpayers can explore several tax help options before visiting an IRS office

Tax Geaks

Feb 26, 2020
2 min

Taxpayers can explore several tax help options before visiting an IRS office

Some taxpayers may think they need to visit an IRS office for help in person with their tax issues. However, many of these people may actual

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Two education credits help taxpayers with college costs

Tax Geaks

Feb 26, 2020
1 min

Two education credits help taxpayers with college costs

With school back in session, parents and students should look into tax credits that can help with the cost of higher education. They do this

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The earned income tax credit can put money in taxpayers’ pockets

Tax Geaks

Oct 31, 2019
1 min

The earned income tax credit can put money in taxpayers’ pockets

The earned income tax credit benefits working people with low-to-moderate income. Last year, the average credit was $2,445. EITC not only r

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The child tax credit benefits eligible parents

Tax Geaks

Oct 25, 2019
2 min

The child tax credit benefits eligible parents

Taxpayers who claim at least one child as their dependent on their tax return may be eligible to benefit from the child tax credit. It’s imp

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Taxpayers who donate to charity should check out these resources

Tax Geaks

Oct 24, 2019
1 min

Taxpayers who donate to charity should check out these resources

Taxpayers who donate to a charity may be able to claim a deduction on their tax return. These deductions basically reduce the amount of

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Taxpayers can compare eligibility and benefits of two education credits

Tax Geaks

Oct 23, 2019
2 min

Taxpayers can compare eligibility and benefits of two education credits

There are two education credits that can help taxpayers with higher education costs: the American opportunity tax credit and the lifetime le

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Tax Geaks

Oct 20, 2019
1 min

Itemized deductions: 2018 tax changes

Tax law changes in the Tax Cuts and Jobs Act affect almost everyone who itemized deductions on tax returns they filed in previous years.. O

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Things taxpayers should know about claiming dependents

Tax Geaks

Oct 20, 2019
1 min

Things taxpayers should know about claiming dependents

As they are preparing their 2018 tax returns, taxpayers should remember that personal exemptions are suspended for 2018. T

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