Tax Returns

Lose Your Wallet or Purse? Contact the Cops, Then the IRS

If you become a potential or actual victim of identity theft outside the tax system or believe you may be at risk due to a lost/stolen purse or wallet, questionable credit card activity or questionable activity on your credit report, … read more

Understanding Unreimbursed Employee Business Expenses

Oftentimes employees will be asked to pay for job-related expenses out of pocket. Some companies have a reimbursement plan where the employee will submit an expense report with all necessary documentation (receipts, mileage log, etc.) and will receive a check … read more

Unused ITINs to Expire after Five Years

The IRS announced on Monday, June 30 that unused Individual Taxpayer Identification Numbers (ITINs) will expire if they have not been used on a federal income tax return for five consecutive years. ITINs are issued to United States taxpayers who … read more

2014 Tax Season Numbers Show New Filing Trends

The IRS is tasked to keep track of various statistics from year to year for a variety of reasons. They can help determine trends, gauge economic activity, and help with the IRS’s own internal business needs and planning. As of … read more

Now or Never! Time is Running Out to Claim $760 Million in Tax Refunds

If you have not filed your 2010 tax return, you have until April 15, 2014 to file your return and claim any refund. The law generally provides a three-year window to claim a refund from the tax year. For 2010 … read more

Which Tax Form Should You File?

Which form should you use to file your federal income taxes? These days, most people use a computer to prepare and e-file their tax forms. It’s easy, because tax software selects the right form for you. If you file on … read more

IRS Videos Aim to Help Taxpayers in 2014

While they may not qualify as “popcorn flicks,” the IRS has released a series of instructional YouTube videos designed to assist taxpayers in filing their 2013 taxes. The videos cover a wide range of topics to assist taxpayers of all … read more

What’s New On the 2013 Form 1040 and Related Forms and Schedules Part 2

Part I examined Form 1040 itself. This part covers related forms and schedules. Form 1040—Schedule A, Itemized Deductions Line 1. Medical and dental expenses. The 2013 standard mileage rate for medically-related use of an auto is 24¢ per mile. Line … read more

What’s New On the 2013 Form 1040 and Related Forms and Schedules

With the start of tax season on Jan. 31, the IRS has now released on its website final tax forms and instructions for the 2013 Form 1040 and its related schedules. The instructions to the Form 1040 for 2013 carry … read more

Filing Taxes for Foreign Students in the U.S.

There are special tax rules for foreign students working in the United States.  The student should first determine if he or she would be considered a U.S. resident alien or nonresident alien for income tax purposes. Generally, foreigners will be … read more


Welcome


There is nothing more complex than the world of taxes. We know this and yet we chose careers where we face these issues everyday. We get questions day in and day out about new tax laws, forms and news items and how they affect everyday people and businesses. Well, here at Henry & Horne, LLP we have set out to do what we do best; help everyday people understand what is going on in the world of state, local, federal, estate and international taxation. We will provide these weekly posts and we encourage you to give us feedback on those posts as well as letting us know what else you would like to know more about. Welcome to "Tax Insights." We hope you find this blog informative and worthy of your time.


Before posting a comment on a blog post please be aware that we do not give free tax advice to non-clients by email, comment response, or phone. Thank you!


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