Live in California and earn $250,000 last year? Yes, you'll probably pay more in state taxes. Paying back a student loan? You might be able to deduct more from federal taxes than you expected. Commute to work? You could get a break, too.
A former IRS worker faces more than 15 years in prison after a jury convicted her Wednesday of masterminding a scheme to collect thousands of dollars in refunds by filing bogus claims for tax credits.
CCH, a Wolters Kluwer business recently announced Sales Tax Office is now certified for seamless integration with the Microsoft Dynamics AX 2012 ERP system.
A glitch in the software that H&R Block and some other preparation services use could cause those with education tax credits to have a longer wait on their refunds.
Asking the right questions can help ensure you get a good one
Are in-game sales taxable transactions? In essence, the user/gamer is trading real money for a digital product. While that product may not exist outside of the game, it is a transaction that has value. In fact, it's a billion dollar industry, and one that has gone untaxed even by states and other jurisdictions that likely already have the legal authority to tax the transactions.
Looking for a tax professional who knows the tax law in your area?
Taxpayers who want to deduct their medical or dental expenses on their income taxes need to understand some of the basic requirements for the deductions. The same goes with those who may be saving for retirement via specific plans and IRAs.