The adventures & musings of an Enrolled Agent representing clients in Tax Controversy cases at the Neighborhood Christian legal clinic - Low Income Taxpayer Clinic.

Indianapolis, Indiana

What IRS services are open during the government shutdown?

What IRS services are open during the government shutdown?

Due to the lapse in appropriations, most IRS operations are closed during the shutdown. An IRS-wide furlough began on December 22, 2018, that affects many operations. During this period, the IRS reminds taxpayers that the underlying tax laws remain in effect, and all taxpayers should continue to meet their tax obligations as normal. Individuals andRead more about What IRS services are open during the government shutdown?[…]

Navigate the new tax law provisions with IRS Free File!

Navigate the new tax law provisions with IRS Free File!

An improved version of IRS Free File, now in its 17th filing season, is available as a dozen private-sector partners offer their brand-name products to help eligible taxpayers navigate the new tax reform law and electronically prepare their tax returns. The free online software program, accessible only through IRS.gov, is available for taxpayers to useRead more about Navigate the new tax law provisions with IRS Free File![…]

Yes, Tax Filing Season Begins January 28, 2019

Yes, Tax Filing Season Begins January 28, 2019

Despite the government shutdown, the Internal Revenue Service today confirmed that it will process tax returns beginning January 28, 2019 and provide refunds to taxpayers as scheduled. “We are committed to ensuring that taxpayers receive their refunds notwithstanding the government shutdown. I appreciate the hard work of the employees and their commitment to the taxpayersRead more about Yes, Tax Filing Season Begins January 28, 2019[…]

Are There Changes to Benefits for Dependents for Tax Year 2018? Yes!

Are There Changes to Benefits for Dependents for Tax Year 2018? Yes!

Deduction for personal exemptions suspended For 2018, you can’t claim a personal exemption deduction for yourself, your spouse, or your dependents. THIS MEANS THAT…you will not be able to reduce the income that is subject to tax by the exemption amount for each person included on your tax return as you have in previous years.Read more about Are There Changes to Benefits for Dependents for Tax Year 2018? Yes![…]

Can I still deduct home mortgage and home equity interest on my tax return?

Can I still deduct home mortgage and home equity interest on my tax return?

Deduction for home mortgage and home equity interest modified. Your deduction for mortgage interest is limited to interest you paid on a loan secured by your main home or second home that you used to buy, build, or substantially improve your main home or second home. THIS MEANS THAT…if you do itemize… that interest paidRead more about Can I still deduct home mortgage and home equity interest on my tax return?[…]

Find out what #taxreform changes could affect you next tax season

Find out what #taxreform changes could affect you next tax season

The new Taxpayer Advocate Service’s Tax Reform Changes website shows you how the new tax law may change your future tax filings and helps you plan for these changes. Currently, the site addresses the most common 2017 IRS Form 1040, U.S. Individual Income Tax Return topics and whether the tax law changed. The information isRead more about Find out what #taxreform changes could affect you next tax season[…]

Achieving a Better Life Experience (ABLE) accounts

Achieving a Better Life Experience (ABLE) accounts

The Tax Cuts and Jobs Act (2017) made major changes to Achieving a Better Life Experience (ABLE) accounts. Eligible individuals may now put more money into their ABLE account and also roll money from their qualified tuition programs (529 plans) into their ABLE accounts. And certain contributions made to ABLE accounts by low- and moderate-incomeRead more about Achieving a Better Life Experience (ABLE) accounts[…]

How Long Should I Keep Tax Returns and Documents?

How Long Should I Keep Tax Returns and Documents?

Safekeeping tax records helps for future filing, amended returns, audits With the tax filing season quickly approaching, taxpayers should understand how long to keep tax returns and other documents. The Internal Revenue Service generally recommends keeping copies of tax returns and supporting documents at least three years. Employment tax records should be kept at leastRead more about How Long Should I Keep Tax Returns and Documents?[…]

You May Be Eligible for the Child Tax Credit for Tax Year 2018

You May Be Eligible for the Child Tax Credit for Tax Year 2018

Child Tax Credit Beginning with Tax Year 2018, you may able to claim the Child Tax Credit if you have a qualifying child under the age of 17 and meet other qualifications. The maximum amount per qualifying child is $2,000. Up to $1,400 of the credit can be refundable for each qualifying child as theRead more about You May Be Eligible for the Child Tax Credit for Tax Year 2018[…]

Taxpayers with expiring ITINs need to renew as soon as possible!

Taxpayers with expiring ITINs need to renew as soon as possible!

Taxpayers with expiring Individual Taxpayer Identification Numbers (ITINs) to submit their renewal applications as soon as possible. Failing to renew them by the end of this year will cause refund and processing delays in 2019. The IRS mailed more than 1.3 million letters to taxpayer households that include an ITIN holder with middle digits 73,Read more about Taxpayers with expiring ITINs need to renew as soon as possible![…]