Earned Income Credit
You may qualify for the earned income tax credit (EITC) if you worked last year but did not earn a lot of money. EITC is a refundable tax credit, meaning…
Read moreChecklist of Common Errors When Preparing Your Tax Return
Before filing your return, review it to make sure it is correct and complete. The following checklist may help you to avoid common errors: If you submit your tax return…
Read moreForm W-2 and Form 1099-R (What to Do if Incorrect or Not Received)
Employers/payers have until February 2, 2015 to issue Form W-2 (PDF), Wage and Tax Statement, and Form 1099-R (PDF), Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts,…
Read moreRecord keeping
Well-organized records make it easier to prepare a tax return and help provide answers if your return is selected for examination or to prepare a response if you receive an…
Read moreUnderstanding Tax Return Preparer Credentials and Qualifications
Understanding Tax Return Preparer Credentials and Qualifications Any tax professional with an IRS Preparer Tax Identification Number (PTIN) is authorized to prepare federal tax returns. However, tax professionals have differing…
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