How to be rich is a simple question upon which an entire industry can be built. With so much information already available it is difficult to shed new light on this topic, but that’s exactly what researchers William R. Emmons and Bryan J. Noeth might have done. Their investigation, conducted...

H&R Block is lending a hand to those who want to receive an expected tax refund as soon as possible. There is a growing number of employers who participate in the electronic delivery of W-2 information and if you’re employed by one of them you may use this feature. How...

The Internal Revenue Service has recently released the new limits to the qualifying pensions and other contribution plans. The limit adjustments take into account new cost-of-living amounts; most important information is summarized in the below table. Limitation Code Section 2015 2014 2013 2012 2011 2010 2009 2008 Elective Deferrals §§401(k)/403(b)§402(g)(1)...

Sprintax has recently partnered with TurboTax to provide online tax preparation services to international students and researchers. With thousands of Non-Residents studying, collaborating, and working at the U.S. universities they now have an option to file taxes. Despite being relatively new in the online tax preparation business, it received backing...

The difference between QuickBooks Accountant Plus and Accountant Desktop has to do more with how you like to do business and the nature of your business. There are two features distinguishing the two versions; I hope the explanation below can help you decide which one is more appropriate for you:...

End of the year is time when people feel more generous and share their prosperity with the less fortunate. Many donors report the contributions later on their tax returns to lessen the tax burden. Every year the IRS sends a reminder that certain rules must be followed to qualify the...

The Patient Protection and Affordable Care Act, ACA, or Obamacare is the government initiative signed into law by the president Barack Obama that requires all American citizens to have health insurance, except those who qualify for exception. Currently there are still millions of Americans without health insurance and the proposed...

2015 will be the first year when the American taxpayers have to indicate their level of healthcare coverage. It will not alter the way taxes are filed; rather there will be some additional questions added to the tax forms. Taxpayers will have to select what type of coverage they had...

Despite very low inflation rate the U.S. economy has experienced for the past few years (and most likely few upcoming too) the IRS announced an increase to many tax benefits. There are 40+ of different tax benefits that will experience inflation-induced change upward. Some of the tax benefits that affect...

The IRS has issued a reminder to all professional tax preparers that Preparer Tax Identification Number or PTIN is due for renewal. PTINs expire at the end of the year and must be renewed in what has been an annual process. If you get paid to prepare or assist in...