Job Search Expenses Can be Tax Deductible
Tuesday, August 29
Job Search Expenses Can be Tax DeductibleTaxpayers who are looking for a new job that is in the same line of work may be able to deduct some job-hunting expenses on their federal income tax return, even if they don’t get a new job.Here are some important facts to know about deducting costs relate...
IRS Issues Urgent Warning to Beware IRS/FBI-Themed Ransomware Scam
Tuesday, August 29
IRS Issues Urgent Warning to Beware IRS/FBI-Themed Ransomware ScamThe Internal Revenue Service today warned people to avoid a new phishing scheme that impersonates the IRS and the FBI as part of a ransomware scam to take computer data hostage.The scam email uses the emblems of both the IRS and th...
Your Taxpayer Bill of Rights
Friday, August 18
Know Your Taxpayer Bill of RightsEvery taxpayer has a set of fundamental rights and the IRS has an obligation to protect them. The “Taxpayer Bill of Rights” groups the taxpayer rights found in the tax code into 10 categories. Know these rights when interacting with the IRS. A good way to learn ab...
Starting a Business This Summer? Here are Four Tax Tips
Friday, August 11
Starting a Business This Summer? Here are Four Tax TipsIf summer plans include starting a business, be sure to call Hampton Tax and Financial Services, LLC for assistance.New business owners may find the following four IRS tax tips helpful:1. Business Structure. An early choice to make is to deci...