Federal Tax Updates

Just a reminder to those who have not yet filed their 2014 tax return that April 15, 2015 is the due date to either file your return and pay any taxes owed, or file for the automatic six-month [...]

If you lose your job, you may qualify for unemployment benefits. The payments may serve as much needed relief. But did you know unemployment benefits are taxable?

If you received mortgage debt cancellation from your home lender last year, you normally will have to pay tax on that amount.

On March 2, 2015, the IRS announced Tax Penalty Relief for farmers and fishermen

On March 5th, 2015, the IRS released a number of frequently asked questions (FAQs) on Tangible Property Regulations to help taxpayers and preparers determine whether certain costs are currently [...]

The Affordable Care Act, the federal health care law, will bring big surprises at tax time for many.

IRS has privately ruled that for a child diagnosed with multiple learning disabilities,

Small employers should be aware of changes to the small business health care tax credit,

The best way to get your tax refund is to choose direct deposit.  Here are five good reasons to join the 84 million taxpayers who chose direct deposit last year.

On February 9, 2015, The IRS wrapped up their Dirty Dozen Tax Scams for 2015