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IRS Update on Forms Acceptance

Effective 9:00 am Eastern time on Sunday, February 10, 2013, the IRS will start processing 2012 returns that contain Form 4562, Depreciation and Amortization. This will include the Form 1040-family tax returns, Form 1065/1065-B, Form 1120-family tax returns and Form...

Six Important Facts about Dependents and Exemptions

Six Important Facts about Dependents and Exemptions

While each individual tax return is unique, there are some tax rules that affect every person who files a federal income tax return. These rules involve dependents and exemptions. The IRS has six important facts about dependents and exemptions that will help you file...

U.S. Income Tax Turns 100

U.S. Income Tax Turns 100

Most living Americans think that an income tax has always been there... but no. In 1913, the U.S. Congress passed the first permanent income tax.Most living Americans think that an income tax has always been there... but no. In 1913, the U.S. Congress passed the first...

Dow Jones hits 14,000 for first time since 2007

Dow Jones hits 14,000 for first time since 2007

NEW YORK -- The Dow Jones industrial average briefly topped 14,000 on Friday morning, a milestone not seen since before the financial crisis rocked the markets and the world economy.After rising steadily in early trading thanks to the U.S. jobs report, the Dow briefly...

Five Good Reasons to E-file Your Tax Return

Five Good Reasons to E-file Your Tax Return

If you haven’t tried IRS e-file before, now is the time. Most taxpayers – more than 80 percent – file electronically. The IRS has processed more than 1 billion individual tax returns safely and securely since the nationwide debut of electronic filing in 1990. Fewer...

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