My Wife Collects Social Security. Can I Claim Her as a Dependent?

Just the other day, I was having a conversation with a client when he brought up the subject of Social Security and how it is taxed. After discussing the fact that at his income level he would have to pay … read more

IRS Reminds Parents of Ten Tax Benefits

Your kids can be helpful all year round – doing chores such as making their beds and washing dishes.  They can also be helpful at tax time.  That does not mean that they can sort your charitable receipts – though … read more

Six Important Facts about Dependents and Exemptions

Even though each individual tax return is different, some tax rules affect every person who may have to file a federal income tax return. These rules include dependents and exemptions. The IRS has six important facts about dependents and exemptions … read more

Your Kids May Help You to Qualify for Tax Benefits

As a mom of two precocious little boys under the age of four, I spend a great deal of time saying things like “please don’t hit your brother” or “please don’t step on your brother” or my favorite “my house … read more

Can I Claim My Parents as Dependents?

These days it is not uncommon for people to be looking after or taking care of their parents or other aging adults.  However, did you know that there are tax laws that can offer some help if you meet certain … read more

VITA – Let’s Work with the Software

In the continuing saga of teaching the VITA class, Andrea taught the second session without me, as I had a conflict.  After some feedback, we rearranged our syllabus a bit, in order to work in some computer entry for the … read more

Year-End Payroll Processing Reminders

It’s that time of year again; time to start preparing for year-end payroll processing.  The filing deadline for 2010 Forms 940, 943, 944, 945, and fourth quarter 2010 Form 941 is January 31, 2011.  W-2s and 1099 forms must be … read more

Dependents – Who Gets to Claim the Kids after a Divorce?

Are you divorced? Does your divorce decree state that you may claim your children as dependents in the odd years while your ex-spouse gets to claim them in the even years? Then why were you unable to claim the children … read more

Important Facts about Dependents and Exemptions

Year after year nearly all of us go through the process of filing a Tax Return.  For some it can raise questions about whether they are a dependent or not?  And then there are other questions about exemptions and filing … read more


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 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.

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