I provide support to my adult child. What are the criteria for claiming a child on taxes? Many people ask the question regarding claiming a child on a tax return. If you provide support to your child then the short answer is "Yes" you can claim a child...
What are the most common errors that could cause a delay in my Earned Income Tax Credit refund? There are several common errors to watch out for when claiming the Earned Income Tax Credit. The first is claiming a child who doesn’t meet all the qualifying...
The IRS expects to issue more than 90% of refunds in less than 21 days. Due to the Protecting Americans from Tax Hikes Act, the IRS must hold refunds on tax returns claiming the Earned Income Tax Credit (EITC) or Additional Child Tax Credit (ACTC)...
Tennessee Tax Hall Yes, it appears the Tennessee Hall Tax is going away. Governor Bill Haslam signed into law a bill that reduces the income tax rate from 6% to 5% for the tax year 2016 on returns due April 2017. The bill says it is the...
I am gathering information for my 2016 tax return and realized that I made a mistake on my 2015 return. What should I do? On your tax return, if the mistake involves a document that is provided to the IRS from a third party, for...
Murfreesboro tax preparation specialists offer tips for upcoming tax season Tax time has arrived and that brings many questions to individuals and families looking to make the right decision on tax preparation over the next few months. In many scenarios, tax time can be a stressful...
Small Business Services Audits, reviews, compilations, and preparation services provide different levels of transparency for financial reporting. Each results in a final product of financial statements but vary widely in cost and levels of assurance provided by the CPA. Choosing which level is needed includes understanding...
One reason you may want to change or reduce your withholding is that the IRS is expecting a delay in issuing refunds in 2017. This delay is due to the IRS’ efforts to strengthen security to help prevent identity theft. Also the IRS will be...