Tax Advice | TaxGenuity, Inc. - Tax Experts & IRS Problem Solvers

Who Should File a 2014 Tax Return?

by TaxGenuity Tax Experts | Mar 7, 2015 | Tax Advice

Most people file a tax return because they have to, but even if you don’t, there are times when you should because you might be eligible for a tax refund and not know it. This year, there are a few new rules for taxpayers who must file. The six tax tips below...

Six Overlooked Tax Breaks for Individuals

by TaxGenuity Tax Experts | Mar 2, 2015 | Tax Advice

Confused about which credits and deductions you can claim on your 2014 tax return? You’re not alone. Here are six tax breaks that you won’t want to overlook. 1. State Sales and Income Taxes Thanks to last-minute tax extender legislation passed last...

Updated Withholding Tables for 2015

by TaxGenuity Tax Experts | Feb 26, 2015 | Tax Advice

Updated income-tax withholding tables for 2015 have been released by the IRS and supersede early release withholding tables issued in December 2014. The newly revised version contains percentage method income-tax withholding tables and related information that...

Taxpayer Beware: Phishing and Phone Scams

by TaxGenuity Tax Experts | Feb 21, 2015 | Tax Advice

IRS impersonation phone scams, as well as phishing continue to be a serious threat to taxpayers topping the list of the IRS “Dirty Dozen” tax schemes once again. The IRS impersonation phone scam has claimed nearly 3,000 victims who have collectively paid...

Five Ways to Improve Your Financial Situation

by TaxGenuity Tax Experts | Feb 16, 2015 | Tax Advice

If you are having trouble paying your debts, it is important to take action sooner rather than later. Doing nothing leads to much larger problems in the future, whether it’s a bad credit record or bankruptcy resulting in the loss of assets and even your home. If...

Missing Your Form W-2?

by TaxGenuity Tax Experts | Feb 11, 2015 | Tax Advice

You should receive a Form W-2, Wage and Tax Statement, from each of your employers for use in preparing your federal tax return. Employers must furnish this record of 2014 earnings and withheld taxes no later than February 2, 2015 (if mailed, allow a few days for...

Health Care Law: Changes to IRS Tax Forms

by TaxGenuity Tax Experts | Feb 6, 2015 | Tax Advice

This year, there are some changes to tax forms related to the Affordable Care Act. Along with several new lines on existing forms, there are also two new forms that need to be included with some tax returns. While most taxpayers simply need to check a box on their tax...