Capital Gains and Losses - 10 Helpful Facts to Know

From the IRS: IRS Tax Tip 2017-18 | February 22, 2017

When a person sells a capital asset, the sale normally results in a capital gain or loss. A capital asset includes inherited property or property someone owns for personal use or as an investment. Here are 10 facts that taxpayers should know about capital gains and losses:
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IRS Debunks Myths Surrounding Tax Refunds

From the IRS | February 6, 2017 | IRS Special Edition Tax Tip 2017-02

As millions of people begin filing their tax returns, the Internal Revenue Service reminds taxpayers about some basic tips to keep in mind about refunds.
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Name Change? How It Impacts Taxes

From the IRS | February 23, 2017

A name change can have an impact on taxes. All the names on a taxpayer's tax return must match Social Security Administration records. A name mismatch can delay a tax refund. Here's what taxpayers should know if they changed their name:
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Dangerous W-2 Phishing Scam Evolving: Targeting Schools, Restaurants, Hospitals, Tribal Groups and Others

From the IRS | February 2, 2017:  The Internal Revenue Service, state tax agencies and the tax industry issued an urgent alert today to all employers that the Form W-2 email phishing scam has evolved beyond the corporate world and is spreading to other sectors, including school districts, tribal organizations and nonprofits.
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Five Things to Know About the Child Tax Credit

From the IRS | IRS Tax Tip 2017-11 | February 8, 2017

The Child Tax Credit is a tax credit that may save taxpayers up to $1,000 for each eligible qualifying child. Taxpayers should make sure they qualify before they claim it. Here are five facts from the IRS on the Child Tax Credit.
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2017 Mileage Rates

The Internal Revenue Service issued the 2017 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on January 1, 2017, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:

  • 53.5 cents per mile for business miles driven, down from 54 cents for 2016
  • 17 cents per mile driven for medical or moving purposes, down from 19 cents for 2016
  • 14 cents per mile driven in service of charitable organizations