1. When will TurboTax for 2016 be Released and Available?

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    Posted January 4th, 2016: For all taxpayers who want to file the taxes as soon as possible there is some good news. The federal portion of TurboTax 2016 (to file 2015 income tax) is ready, but we are still waiting for the state portion in order complete the returns. If...
  2. Identity theft – Increased Security in the 2016 Tax Season

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    Identity theft is one of the fastest growing crimes in America that intensifies during tax season. It is a major issue not only for private and government institutions, but also for everyday Americans. This year the IRS is taking a proactive stance to lower the number of fraudulent tax returns...
  3. The October 15th Tax Deadline is Approaching

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    According to the IRS there were over 13 million American taxpayers who requested for more time to file 2014 income tax returns. October 15, the deadline to file taxes for income generated last year after receiving the extension, is less than two weeks away but the return can be submitted...
  4. Health Care Coverage – Reminder for those filing taxes on October 15

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    2015 marks the second year of the mandatory health coverage. Hopefully you have had health insurance throughout this and past year and if you received subsidies to your plan from the government (premium tax credit), it is time to report it. Remember that it is the income you earned in...
  5. IRS Tax Relief – Valley and Butte Fire 2015 Victims

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    On September 23 the IRS issued a statement confirming that it will provide tax relief to the victims of Valley and Butte Fires that raged in California (both fires at this point are nearly 100% contained). The relief applies to the resident and business owners residing in Lake and Calaveras...
  6. How to Improve your Credit Score

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    Whether you like it or not, any applications that ideal with borrowing money will involve looking into your credit history. The banking industry found a way to quantify it by giving us credit scores ranging from 350 to 800 that is also a predictor of default. This will not only...
  7. Hold on to your Tax Returns

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    For most of us April is that time of the year when we are required to sit down and report our financial information to the IRS for the previous year. Once the tax returns are filed we set them aside and forget about them. My recent experience tells me that...
  8. Summer Camp Expenses/Deductions on your Tax Return

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    Summer is in the full swing and thousands of children are spending time at summer camps. Although tax season is still months away, there are certain instances in which you’ll be able to claim a tax credit for some of those summer camp expenses. Not every summer camp expense is...
  9. IRS Breached – The Latest News Updated May 27, 2015

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    Updated May 27, 2015 – The IRS reported a breach at one of its online services that might affect as many as 100,000 U.S. households. The perpetrators used personal information, obtained from other sources, to steal previously filed tax returns and file for fraudulent refunds. It appears that the thieves...
  10. Online Tax Tools for 2015

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    With just a few days left to file taxes the IRS still expect to receive millions of tax returns. Before those returns are filed, many taxpayers will head to the local IRS offices for help. With limited resources and little time left, the IRS anticipates very long lines and wait-time...