The Internal Revenue Service encourages taxpayers to check out for tips, tools and resources to help them get ready to file their 2023 federal income tax return.  This is the third in a series of reminders to help taxpayers get ready for the upcoming filing season. The Get Ready page on outlines steps taxpayers can… Read More

Tax credits and deductions change the amount of a person’s tax bill or refund. People should understand which credits and deductions they can claim and the records they need to show their eligibility. Tax credits A tax credit reduces the income tax bill dollar-for-dollar that a taxpayer owes based on their tax return. Some tax credits, such… Read More

The IRS reminds taxpayers with an extension to file as soon as possible to take advantage of special tools available on Every year millions of taxpayers postpone filing their tax returns by requesting an extension. While taxes may not be the first thing to come to mind in the summertime, it is an ideal time to… Read More

Washington – The IRS issued Notice 2023-59 today regarding the requirements for home energy audits for taxpayers that want to claim the energy efficient home improvement credit. The Inflation Reduction Act of 2022 created several clean energy credits. Each of these credits has requirements for the type of clean energy property or service purchased and how they… Read More

The summer months are a popular time to buy or sell a house. New homeowners should put reviewing the tax deductions, programs and housing allowances they may be eligible for on their move in to-do list. Deductible house-related expenses Most home buyers take out a mortgage loan to buy their home and then make monthly… Read More

Anyone saying “I do” this summer should review a few tax-related items after the wedding. Big life changes, including a change in marital status, often have tax implications. Here are a few things couples should think about after they tie the knot. Name and address changes People who change their name after marriage should report… Read More

After someone with a filing requirement passes away, their surviving spouse or representative should file the deceased person’s final tax return. On the final tax return, the surviving spouse or representative should note that the person has died. The IRS doesn’t need a copy of the death certificate or other proof of death. Usually, the representative filing… Read More

The IRS has issued the following tax tip notice:   Taxpayers who can’t pay their tax bill by the April 18, 2023, deadline shouldn’t panic. The IRS offers several options to help them meet their obligations. It’s important for taxpayers to file their tax return or request an extension of time to file at by the… Read More

   Identification: Government-issued photo ID (includes IDNYC) Social Security cards or Individual Taxpayer Identification Numbers (ITIN). ITIN determination letters (original, copy, or electronic document) and birth dates for you, your spouse, and your dependents   Proof of Income: When filing taxes electronically, filers must sign and validate their electronic tax return by entering their prior-year Adjusted… Read More