December 17, 2014
Below are the tax rates and related numbers that you will need to prepare your 2014 income tax return, which is due by April 15, 2015.2014 Income Tax Brackets
There are 7 tax brackets for the Federal income tax: 10%, 15%, 25%, 28%, 33%,...
November 3, 2014
Beginning in 2014, the Individual Shared Responsibility provision of the Affordable Care Act takes effect. This means that each and every taxpayer (and family member) is now required to maintain basic health insurance, also called “...
September 23, 2014
Every year, the IRS publishes a list of the “Dirty Dozen” tax scams that pose the most danger to taxpayers at large. If you fall prey to one of these scams, you are at risk for owing the IRS a large sum of money. In extreme cases, a tax scam can...
August 15, 2014
The Internal Revenue Service (IRS) and the Treasury Inspector General for Tax Administration (TIGTA) say that a number of individuals have received unsolicited phone calls from people claiming to be the IRS and demanding immediate payment of...
July 17, 2014
On Wednesday, Congressional Republicans claimed that new emails reveal the former Internal Revenue Service (IRS) official, Lois Lerner, was deliberately seeking to conceal information from Congress. Lerner, the former Director of Exempt...
July 1, 2014
WASHINGTON ― The Internal Revenue Service announced the adoption of a "Taxpayer Bill of Rights" that will become a cornerstone document to provide the nation'...
June 27, 2014
When it comes to taxes, wouldn’t you love to be able to use the same annoying excuses as the IRS?
Rep. Steve Stockman (TX) thinks so. He even came up with the legislation.
It’s called “The Dog Ate My Tax Receipts Act” and it...
April 25, 2014
If you owe the IRS money, there are some important factors to keep in mind.
The first thing to note is that the IRS is like any other "lender" – they...
March 24, 2014
Modified Adjusted Gross Income (MAGI) can qualify you for a number of credits, benefits, and exclusions, which makes it important to calculate for tax purposes.
Your MAGI is used to determine your eligibility for various Federal tax...
March 12, 2014
Do you expect to get a Federal tax refund this year? There are several things that the IRS wants you, the taxpayer, to know about 2013 tax refunds.What’s New?
According to their website, “The IRS issues more than 9 out of 10 refunds in...