American Opportunity Tax Credit (AOTC)

  • IRS Announces the First Day of Tax Season, Issues Refund Delay Reminder

    Tax professionals across the country are gearing up for tax season, which the Internal Revenue Service today announced will officially begin on January 23, 2017. The press release included yet another reminder about PATH Act-delayed refunds: taxpayers claiming the Earned Income Tax Credit (EITC) and the Additional Child Tax Credit (ACTC) will not have their…

  • Don’t Get Hooked by a Phishing Expedition

    Sometimes, the easiest way a crook can steal your personal information is to simply ask you for it.

  • Jim Bourke, CPA, CITP, CFF, CGMA: A Passion for Technology and Tax

    Bootstrapping seems an appropriate way to describe Jim Bourke, CPA, CITP, CFF, CGMA. Some may immediately recognize him as a tax-industry luminary whose dedication to identifying and adopting workflow technologies has helped lead to the industry embracing efficiency and organization solutions. Goal driven, Jim has “pulled himself up” through hard work, laser focus, and a never-waning enthusiasm…

  • Meta Financial Group Acquires EPS Financial

    Last week, Meta Financial Group, Inc. and its subsidiary, MetaBank, announced the acquisition of EPS Financial LLC, a wholly-owned subsidiary of Drake Enterprises, Ltd.

  • The 2016 Tax Deadline is Right Around the Corner

    Believe it or not, taxpayers are just days away from their final income tax deadline to file for the 2015 tax year. Those who received an extension of time to file must do so by midnight on Monday, Oct. 17 or face possible interest and penalties on any tax due.

  • IRS to Extension Filers: You May Need 2014 AGI to E-file

    Taxpayers who filed for an extension and now have an Oct. 17 filing deadline may need the Adjusted Gross Income (AGI) from their 2014 return in order to e-file this year.

  • New Warning Issued from IRS on Emerging Scam

    Taxpayers and tax professionals alike are being warned to be on the lookout for fake emails that claim to contain an IRS tax bill related to the Affordable Care Act (ACA).

  • Don’t Get Hooked by Phishing

    No doubt about it, the idea that there are hordes of scammers out there trying to purloin the personal information belonging to you – and your clients – is the new normal. And while reports of the newest tax scam are a pretty regular occurrence these days, it doesn’t have to be that way.

  • File Now to Stay Eligible for Advance Payment of Premium Tax Credit

    The Internal Revenue Service is sending letters to taxpayers who received advance payments of the premium tax credit in 2015 – but haven’t filed their tax return. Taxpayers must file a return to reconcile any advance credit payments they got in 2015 and to remain eligible to get premium assistance in 2017.

  • Job Search Can Impact Taxes

    When a taxpayer is looking for a new job within his or her existing line of work, some of the costs of that job search may be deductible. Here’s a quick refresher course on job search expenses.