by apexcpas | Jul 4, 2018 | Tax Planning
The IRS has issued a warning to senior citizens and other taxpayers about an emerging scheme that tempts them to file tax returns to claim fraudulent refunds. The scheme carries a common theme of promising refunds to people who have little or no income and normally do...
by apexcpas | Jul 4, 2018 | Tax Planning
Two federal tax credits – the American Opportunity Credit and the Lifetime Learning Credit – may help offset the costs of higher education for you or your dependents. To qualify for either credit, you must pay postsecondary tuition and fees for yourself,...
by apexcpas | Jul 4, 2018 | Tax Planning
Employers will have more time to file the required certification form for employees hired on or after Nov. 22, 2011, and before May 22, 2012. The IRS has released the guidance and forms that employers can use to claim the newly expanded tax credit for hiring veterans....
by apexcpas | Jul 4, 2018 | Tax Planning
You love your children. You’d fling yourself in front of a speeding locomotive to protect them. Here are eight reasons to appreciate them even more when you’re preparing your tax return: 1. Dependents – In most cases, you can claim a child...
by apexcpas | Jul 4, 2018 | Tax Planning
Last week President Obama released his federal budget proposals for fiscal year 2013. On the same day, the Treasury released its General Explanations of the Administration’s Fiscal Year 2013 Revenue Proposals (the so-called “Green Book”)....
by apexcpas | Jul 4, 2018 | Tax Planning
You have plenty of reasons to speed up the process of filing your individual tax return. The primary reason has always been that, if you’re expecting a refund, you shouldn’t wait any longer than necessary to receive it. Add identity theft to your reasoning...