Everyone seems to have their own mobile apps these days and the IRS is no exception. This free app for your electronic devices will let you check your refund status and more. It is available on Google Play and at … read more
Have children around the age of 18? There is one thing you are probably unaware of that could save you thousands of dollars and a headache. Once individuals reach the age of majority—18 in most states—their parents are no longer … read more
For some reason CPAs are not known for a great sense of humor. So it’s refreshing to see the Minnesota Society of Certified Public Accountants (MNCPA) release an annual list of the most outrageous tax deductions clients tried to take … read more
March is that sports time of the year when Major League Baseball is gearing up, the PGA, the National Hockey League is still at it, as is the NBA. It’s also that tax time of year when it’s time for … read more
There are various circumstances where a taxpayer could be making payments on a mortgage, but not hold legal title to the property. One example could be, the child of a taxpayer that could not obtain financing, so mom and dad … read more
You get a letter from the Internal Revenue Service and right away you don’t have a very good feeling about it. You open it up, read it, and then panic hits. You owe them $10,000! No. Fortunately, it doesn’t tell … read more
On June 26, 2013, the U.S. Supreme Court, in the Windsor case, struck down Section 3 of the federal Defense of Marriage Act (DOMA) as unconstitutional. As a result, the federal government is required to recognize marriages between same-sex couples … read more
The IRS suggests you use their online services to find tax information: Where’s My Refund? – This allows you to track the status of your refund. You can use the “Where’s My Refund?” tool within 24 hours after you e-file … read more
It’s a worthy goal; one that most all business owners would like to achieve – growing your business while at the same time saving on taxes. It can be done and the IRS gives us some amount of incentive. Consider … read more
There is a new publication that will help you learn about how the Affordable Care Act affects your taxes. This publication breaks down what’s new for the 2014 federal tax return you will be filing in 2015. This new publication … 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, 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.
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- The IRS Now has a Mobile App for You
- The Benefits of an Estate Plan for Your College-Age Children
- Minnesota CPAs’ List of Outrageous Tax Deductions
- Taxation of Professional Athletes: The Jock Tax
- Home Interest Deduction – Even When It’s Not in Your Name
- The IRS Says You’re No Longer Represented by Your CPA
- Marital Status? For Some LGBTQ Couples, It’s Complicated
- Need Help with Finding Tax Information?
- Save on Taxes While Growing Your Business
- New IRS Publication Helps You Understand the Affordable Care Act