When you sell a capital asset, the sale normally results in a capital gain or loss. A capital asset includes most property you own for personal use or own as…

You may be eligible to claim the premium tax credit on your 2015 income tax return. The premium tax credit helps eligible individuals and families with low or moderate income…

If you’re still keeping old tax returns and receipts stuffed in a shoe box stuck in the back of the closet, you might want to rethink that approach. The IRS…

If you believe you are a victim of identity theft, you should contact one of the three major credit bureaus to place a “fraud alert” on your credit account. This…

SOUTH BEND –  The Internal Revenue Service today reminded individuals and businesses making year-end gifts to charity that several important tax law provisions have taken effect in recent years. Some…

WASHINGTON — The Internal Revenue Service today issued the 2016 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving…

WASHINGTON ––South Carolina flood victims, including individuals and businesses that previously received a tax-filing extension to Oct. 15, will have until Feb. 16, 2016, to file their returns and pay…

The Internal Revenue Service reminds employers to correctly determine whether workers are employees or independent contractors. Generally, employers must withhold income taxes, withhold and pay Social Security and Medicare taxes,…

First, check to see if the information in your notice is correct. If you can resolve an issue in your notice, there may be no penalty. Reasonable Cause is based…

First, check to see if the information in your notice is correct. If you can resolve an issue in your notice, a penalty might not be applicable. You may qualify…