Many parents come into our office asking if their working teenager is required to file taxes. This can be especially confusing since the child is typically their dependent. It also begs a few questions: When does my child have to file their own taxes? If they do, can I still claim them as a dependent? […]
Earned Income Credit (EIC) is a credit given to working taxpayers that fall within a specific income bracket. Working taxpayers that qualify for the Earned Income Credit fall within an income range that is low to moderate. According to the Internal Revenue Service (IRS), the Earned Income Credit (EIC) can help bring down the tax […]
It seems criminals never tire of finding new ways to access personal data and exploit it, deceiving unsuspecting consumers and taxpayers. Each year, the Internal Revenue Service (IRS) issues warnings and articles on their website updating folks about current tax scams and consumer alerts. This year is no different. The Internal Revenue Service (IRS) has […]