As April 15 tax deadline approaches, IRS warns of identity theft and fraud.

Taxpayers Beware: Filing Scams and Refund Fraud on the Rise, Says IRS

By Bill Fay | March 27, 2013

There is encouraging news from the IRS this week: Statistically speaking, you likely are due a refund when you file a tax return. There is also discouraging news: That refund…

Education tax credits can help young couples

Education Tax Credits Offer Big Savings for College Students and Their Families

By Kaitlyn Fusco | March 21, 2013

As the April 15 deadline to file taxes approaches, it’s important for college students and their parents to be aware of education tax credits, which can save families thousands of…

Businessperson pushing paper documents away and working with digital documents on computer instead

Tax Preparation Services

By Bill Fay | February 19, 2013

Filing your taxes is an important civic duty and a vital part of keeping the country running smoothly. It’s something everyone has to do each year by April 15, but…

Counting bills next to tax form

Identity Theft, Tax Fraud Increase as IRS Attempts to Curb Crimes

By Katherine Pilnick | February 15, 2013

As if tax season isn’t difficult enough, taxpayers must now be on alert for suspicious activity that could indicate that they are victims of tax-related identity theft. During last year’s…

Find out the different types of taxes and how they affect you

Types of Taxes

By Bill Fay | February 7, 2013

U.S. Supreme Court Justice Oliver Wendell Holmes once said, “Taxes are the price we pay for a civilized society.” One can argue about the extent and quality of the civilization…

Rich and poor cheat on taxes

Something in Common: Wage Earners, Millionaires Cheat on Taxes

By Bill Fay | February 4, 2013

While Tax Day — April 15 — is still some months away, now is the time when people begin thinking about how and when they are going to file and…

Payroll tax hike affects everyone

Payroll Tax Hike Could Throw Economy into Reverse

By Bill Fay | January 14, 2013

The government is taking a bigger bite of American workers’ paychecks this year, which could mean another slowdown of the U.S. economy. American workers are paying 2 percentage points more…

Tax refunds delayed

Delay in Tax Filing Season Means Later Refunds for Many

By Bill Fay | January 9, 2013

Millions of taxpayers banking on refunds from the IRS will have to wait a little longer to get them this year. The last-minute passage of the American Taxpayer Relief Act…

Alternative Minimum Tax

Taxpayers Beware: Alternative Minimum Tax Could Mean Huge Hit

By Bill Fay | December 17, 2012

If you’re a taxpayer worried about Congress not extending the Bush tax cuts by Jan. 1, brace yourself: An even bigger hit – the Alternative Minimum Tax – might be…

marijuana image

Colorado, Washington Go Pro-Marijuana, Set Up Pot Fight with Feds

By Bill Fay | November 7, 2012

The war on drugs suffered a frontline defeat on Tuesday as two states, Colorado and Washington, became the first ones to legalize marijuana use. In as a stunning rejection of…