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Information Articles for the Paris TN and Henry County Tennessee area

Articles

Information Articles for the Paris TN and Henry County Tennessee area

Tennessee Division of Consumer Affairs Offers Tax Filing Tips Ahead of April 15th Deadline

April 2, 2019

Tennessee Consumer Affairs 

Tennessee Department of Commerce and Insurance - TDCINashville, TN – With Tax Day (April 15th, 2019) less than two weeks away, the Tennessee Department of Commerce & Insurance’s (TDCI) Division of Consumer Affairs and the Tennessee State Board of Accountancy is offering Tennesseans the following tips to help navigate the income tax filing process, make the most of their income tax refund and avoid fraudulent tax preparers and scammers.

Tax Tips [Read more]

Tennessee Consumer Affairs Offers Tax Filing Tips Ahead of April 17th Deadline

March 27, 2018

Tennessee Department of Commerce and Insurance - TDCINashville, TN – With Tax Day arriving Tuesday, April 17th, 2018 the Tennessee Department of Commerce and Insurance’s (TDCI) Division of Consumer Affairs is offering Tennesseans the following tips to help navigate the income tax filing process and make the most of their income tax refund.

Tax Tips [Read more]

Ten Facts that You should know about Capital Gains and Losses

February 22, 2015

IRS - Internal Revenue ServiceWashington, D.C. – When you sell a capital asset the sale results in a capital gain or loss.

A capital asset includes most property you own for personal use or own as an investment.

The Internal Revenue Service gives 10 facts that you should know about capital gains and losses. [Read more]

Itemizing vs. Standard Deduction; IRS gives Five Tips to Help You Choose

March 8, 2014

Internal Revenue Service - IRSWashington, D.C. – When you file your tax return, you usually have a choice whether to itemize deductions or take the standard deduction. Before you choose, it’s a good idea to figure your deduction using both methods.

Then choose the one that allows you to pay the lower amount of tax.

The IRS offers these five tips to help you choose. [Read more]

IRS Seeking Applications for Volunteer Tax Assistance Program Grants

May 2, 2012

Internal Revenue Service - IRSNashville, TN – The Internal Revenue Service is accepting applications for the Tax Counseling for the Elderly (TCE) and Volunteer Income Tax Assistance (VITA) grant programs, which will allow some organizations to apply for annual funding for up to three years.

In 2012, the IRS has awarded $193,000 in grants to three Tennessee organizations.

Applications will be accepted only through www.Grants.gov May 1st through May 31st, 2012. [Read more]

IRS Offers Top 10 Tax-Time Tips

January 9, 2012

Internal Revenue Service - IRSWashington, D.C. – The income tax filing season has begun and important tax documents should be arriving in your mailbox. Even though your return is not due until April, you can make tax time easier on yourself with an early start.

Here are the Internal Revenue Service’s top 10 tips to ensure a smooth tax-filing process.

1. Gather your records Round up any documents you’ll need when filing your taxes: receipts, canceled checks and other documents that support income or deductions you’re claiming on your return. [Read more]

Two-Year Limit No Longer Applies to Many Innocent Spouse Requests

July 29, 2011

Internal Revenue Service - IRSWashington, D.C. – The Internal Revenue Service today announced that it will extend help to more innocent spouses by eliminating the two-year time limit that now applies to certain relief requests.

Available only to someone who files a joint return, innocent spouse relief is designed to help a taxpayer who did not know and did not have reason to know that his or her spouse understated or underpaid an income tax liability. Publication 971, Innocent Spouse Relief, has more information about the program. [Read more]

Five Tax Scams to Avoid this Summer

July 25, 2011

Internal Revenue Service - IRSWashington, D.C. – Hiding income offshore, identity theft and return preparer fraud topped the IRS’s list of tax scams in 2011. The Internal Revenue Service issues an annual list of the top 12 tax scams, known as the “Dirty Dozen.” These scams are illegal and can lead to significant penalties and interest and possible criminal prosecution.

Here are five year-round scams every taxpayer should know about. [Read more]

IRS Essentials – How to Find What You Need Before Tax Day

April 13, 2011

Internal Revenue Service - IRSWashington, D.C. – With the Monday, April 18th federal income tax deadline rapidly approaching the IRS wants remind taxpayers about the self-help tools that are available to make filing taxes easier.

Taxpayers seeking last minute help can find a wide variety of useful products and information from the comfort of their home through the IRS website. [Read more]

Six Tax Tips to Make Tax Filing a Breeze

March 22, 2011

Internal Revenue Service - IRSWashington, D.C. – Tax preparation shouldn’t be so stressful. The IRS has put together six tips to help make your tax filing experience a breeze this year.

1. Don’t Procrastinate Resist the temptation to put off your taxes until the very last minute. Rushing to meet the filing deadline may cause you to overlook potential sources of tax savings and will likely increase your risk of making an error.

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