Many people dread tax time, but it can be even more frustrating if you have to wait longer than you’d hoped for your refund. Unfortunately, the Internal Revenue Service is warning that patience may be necessary this year. For one thing, identity theft and tax refund scams have become significant concerns, so the Service is […]
The U.S. Tax Court has concluded that a husband who alleged that his wife was mentally ill wasn’t entitled to file his return with “married filing jointly” status. The husband had no formal power of attorney or similar authorization and couldn’t claim that he’d properly filed a joint return with his wife as her agent. […]
Be prepared to validate your identity. Mid-February marks the IRS’s busiest time of the year for telephone calls. Because validating your identity is important when making a call, the IRS has provided tips. Callers should have the following ready when they call about a personal tax account: Social Security numbers and birth dates for those […]
Individuals and families can buy private health insurance through affordable insurance exchanges, which are marketplaces where individuals can shop for private health insurance. If you purchase health insurance through an exchange, you may be eligible for a tax credit that will make your coverage more affordable. The credit is aimed at middle-income individuals and families. […]
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