Frequent Flyer Miles, Credit Card Points and the IRS

Everywhere we turn, there is a new offer for some sort of credit card complete with benefits such as cash back, credit card points, or frequent flyer miles. Companies like Capital One and Chase are known for their variety of … Read More

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5 Tips to Identify the IRS Phone Scam In Illinois

Individuals claiming to be employees of the Internal Revenue Service has been making their rounds calling individuals in every state seeking financial gain and access to pertinent personal information. These phishing scams are becoming common and many individuals are falling … Read More

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5 Important Tax Filing Tips For The Gambler

When most consumers think about gambling they think about sports betting, lotteries, and casino winnings. But the IRS labels gambling income as all of these as well as any additional earnings that you may receive from fantasy sports betting, free … Read More

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Will An IRS Administrative Appeal Help Me With Bad Audit Results?

  It is always stressful to be the subject of an audit in which problems were found with your taxes. However, it is important to remain calm in this situation because solutions may be available. There is always a chance … Read More

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Finding A Tax Exemption When You Do Not Have Health Insurance

e Starting in 2014, taxpayers were required by law to obtain health insurance coverage. A change for many communities, some taxpayers are still adjusting to the new requirement. If you were without health insurance coverage for any month of the … Read More

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IRS Payment Alternatives

If you received a higher tax bill than you were expecting, explore all of your options before becoming concerned. Maybe you received the bill at the same time you needed money for medical bills, school tuition, or other important household … Read More

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IRS Fresh Start Initiative

If you are unexpectedly facing an expensive tax bill, you are not alone. Taxpayers often struggle when their bill is high due to unforeseen circumstances or unknown tax laws. For individuals facing these steep tax bills, harsh responses from the … Read More

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Charitable Donation Tax Rules

If you make a donation to a non-profit organization to further a good cause, you may be eligible for tax benefits. If you itemize each donation when filing your taxes, the total donation amount may result in a reduction of … Read More

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Prepare Now For Tax Season

Tax season can be intimidating, especially for business owners and those managing large numbers of properties. However, there are easy things you can do now to prepare, making the whole season easier. Develop a filing system that works for you … Read More

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When can I claim an adult child as a tax exemption?   

Multigenerational residences are on the rise, and many modern families have large numbers of people living under the same roof. The single family household is difficult to afford, and families find it more convenient to live together. This demographic change … Read More

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