If you paid someone to care for your child, spouse, or dependent last year, you may be able to claim the Child and Dependent Care Credit on your federal income tax return. Below are 10 things the IRS wants you to know about claiming a credit for child and dependent care expenses. The care must…
FBAR What is FBAR FBAR is a report of foreign bank accounts and its sole purpose is to collect data on the balances of foreign bank accounts. Who Has to File an FBAR If you have had $10,000 or more in a foreign bank account, brokerage account, mutual fund, trust or other type of foreign…
Identity theft places a burden on its victims and presents a challenge to businesses, organizations and government agencies, including the IRS. Tax-related identity theft occurs when someone uses your stolen Social Security number to file a tax return claiming a fraudulent refund. Identity thieves often use a legitimate taxpayer’s identity to fraudulently file a tax…