IRS Bulletin – Page 2 – Keller & Owens, LLC

Vacation Home Rentals

August 7, 2014/in IRS Bulletin /by Keller & Owens

WASHINGTON – IRS SUMMERTIME TAX TIP 2014-13 – If you rent a home to others, you usually must report the rental income on your tax return. But you may not have to report the income if the rental period is short and you also use the property as your home. In most cases, you can deduct the costs of renting your property. However, your deduction may be limited if you also use the property as your home. Here is some basic tax information that you should know if you rent out a vacation home: Read more

A Summer Adjustment Can Prevent a Tax-Time Surprise

July 30, 2014/in IRS Bulletin /by Keller & Owens

WASHINGTON – IRS SUMMERTIME TAX TIP 2014-10 – When it comes to filing a federal tax return, many people discover that they either get a larger refund or owe more tax than they expected. But this type of tax surprise doesn’t have to happen to you. One way to prevent it is to change the amount of tax withheld from your wages. You can also change the amount of estimated tax you pay. Here are some tips to help you bring the amount of tax that you pay in during the year closer to what you’ll actually owe: Read more

Summer Weddings Mean Tax Changes

July 7, 2014/in IRS Bulletin /by Keller & Owens

WASHINGTON – IRS SUMMERTIME TAX TIP 2014-02 – Taxes may not be high on your summer wedding plan checklist. But you should be aware of the tax issues that come along with marriage. Here are some basic tips that can help keep those issues to a minimum: Read more

Keep Your Records Safe in Case Disaster Strikes

June 10, 2014/in IRS Bulletin /by Keller & Owens

WASHINGTON – IRS SPECIAL EDITION TAX TIP 2014-15 – Some natural disasters are more common in the summer. But major events like hurricanes, tornadoes and fires can strike any time. It’s a good idea to plan for what to do in case of a disaster. You can help make your recovery easier by keeping your tax and financial records safe. Here are some basic steps you can take now to prepare: Read more

Don’t Fall for the Dirty Dozen Tax Scams

March 4, 2014/in IRS Bulletin /by Keller & Owens

WASHINGTON – IRS SPECIAL EDITION TAX TIP 2014-08 – Every year, people fall prey to tax scams. That’s why the IRS sends a list of its annual “Dirty Dozen”. We want you to be safe and informed – and not become a victim. Read more

Form W-2 Missing? IRS Can Help

March 4, 2014/in IRS Bulletin /by Keller & Owens

WASHINGTON – IRS TAX TIP 2014-17 – If you worked as an employee last year, your employer must give you a Form W-2, Wage and Tax Statement. This form shows the amount of wages you received for the year and the taxes withheld from those wages. It’s important that you use this form to help make sure you file a complete and accurate tax return. Read more

Report Name Change before You File Taxes

February 10, 2014/in IRS Bulletin /by Keller & Owens

WASHINGTON – IRS TAX TIP 2014-08 – Did you change your name last year? Did your dependent have a name change? If the answer to either question is yes, be sure to notify the Social Security Administration before you file your tax return with the IRS. Read more

IRS Warns of Tax-time Scams

January 28, 2014/in IRS Bulletin /by Keller & Owens

WASHINGTON – IRS SPECIAL EDITION TAX TIP 2014-02 – It’s true: tax scams proliferate during the income tax filing season. This year’s season opens on Jan. 31. The IRS provides the following scam warnings so you can protect yourself and avoid becoming a victim of these crimes: Read more

IRS Warns of Phone Scam

November 11, 2013/in IRS Bulletin /by Keller & Owens

WASHINGTON – IRS SPECIAL EDITION TAX TIP 2013-13 – The IRS is warning the public about a phone scam that targets people across the nation, including recent immigrants. Callers claiming to be from the IRS tell intended victims they owe taxes and must pay using a pre-paid debit card or wire transfer. The scammers threaten those who refuse to pay with arrest, deportation or loss of a business or driver’s license. Read more

Back-to-School Tax Tips for Students and Parents

August 15, 2013/in IRS Bulletin /by Keller & Owens

“WASHINGTON – IRS SUMMERTIME TAX TIP 2013-19” – Going to college can be a stressful time for students and parents. The IRS offers these tips about education tax benefits that can help offset some college costs and maybe relieve some of that stress. Read more