According to a recent survey, 43% of men and 36% of women, ages 18-34, still live their parents.   Although it can be tricky, there are a few tax deductions for parents and other ways you can offset the costs of letting those adult children stay in the nest, during the tax season.   Claim [...]

  The tax deadline is almost here and you know the rules: Report all your incomes when filing your taxes.   Income includes your wages and any interest from your bank accounts. This interest can be as low as a few dollars and can be higher. Whatever the case may be, you are required to [...]

  Doing taxes on your own always seems like a daunting task. More daunting is to choose a tax preparer to help you out.   With so many tax payers, competition for services is fierce amongst the tax preparers. Choosing the right one, then, becomes an uphill task. Make sure you know what to look [...]

  If the thought of paying taxes on the Social Security benefits you receive is making you hyperventilate, just take a deep breath and relax. We're here to aid you with any social security tax help you might need.   You might be wondering, "are social security benefits taxed?" Though most of the people do [...]

  Despite a relentless effort to prevent identity theft this tax season, the IRS has been unable to control identity theft and tax fraud.   According to the IRS, there has been a 400% increase in email phishing and malware, targeting both the tax payers and the tax preparers.   A Red Flag for You [...]

Opting for a direct deposit tax refund seems to be the easiest and quickest way to get back your tax refund. However, like anything else, this is not fool-proof.   According to IRS, putting in a wrong bank account number, not signing your forms, misspelling names and giving wrong Social Security Numbers are the most [...]

  When it comes to taxes and IRS, burying your head in the sand and claiming ignorance is never going to work.   Everyone has tax questions and sometimes they may seem too simple to ask. But, it never hurts to seek an answer for your common tax questions. Here are a few basic tax [...]

  With a huge pile of paperwork to sift through during the tax season, keep an eye out for your year-end credit card statement.   This statement is not only going to help you keep a handle on all your spending in the near future, but it is also going to help you reduce your [...]

  Filing a tax return is never easy, even for a seasoned taxpayer. For those filing taxes for the first time, it can be a daunting task.   A word of advice: Don’t panic. As overwhelming as taxes may seem, you can breeze through the tax season by following these simple tips for a first [...]

The tax season is almost reaching its deadline, but it is not stopping the scammers from coming up with new ways to file fraudulent tax returns.   Cyber criminals are now stealing medical records to file fraudulent tax returns, in addition to health-care fraud.   How Does It Work? Hackers, after hacking the medical records, [...]