Each year, the Internal Revenue Service sends millions of letters and notices to taxpayers for a variety of reasons. Although some people may feel anxious when they receive one, many are easy to …

Many taxpayers fear an IRS audit. Although the IRS audit targets change with the times, below you’ll find some of the high-risk tax-audit areas that the IRS has examined in recent years: • Earned …

In New York City, appeals to the Tax Commission, requests for review with the Department of Finance and other complaints regarding real property assessments have deadlines for filing. The application …

You may need copies of your filed tax returns for many reasons. For example, they can help you prepare future returns. You’ll need them if you have to amend a prior year tax return. You often need …

Although the April tax-filing deadline has come and gone, that’s a question many clients ask throughout the year. Depending on who you ask, you might get a range of responses: from a few years to a …

Title theft has become prevalent in the United States. Title theft happens when someone uses a property owner’s personal information to forge a deed and steal their home. The thief can then apply …

An amended tax return generally allows you to file again to correct a mistake in your filing status, your income or to add deductions or credits you may have missed. Here are some points the IRS …

Losing your home is one of the worst things that can happen. If you are having trouble making your mortgage payments, there are several solutions that can help you avoid foreclosure. Some of them …

The market value is an estimate of the value of a property by the Department of Finance. The market value of a property is determined by an assessor or automated valuation model using numerous …

Are you paying more tax then you need to? When it comes to filing taxes, getting the best returns is not about skill — it’s about what you know. Here are some tax strategies you may have …

Mistakes on tax returns mean they take longer to process, which in turn, may cause your refund to arrive later. The IRS cautions against these common errors so your refund is timely: 1) Incorrect and …

Social Security works with the Office of the Inspector General to protect people from scams that use Social Security as bait. Section 1140 of the Social Security Act allows OIG to impose severe …

Several real estate tax exemptions are available to New York City and state homeowners but some have deadlines that are fast approaching. Among the exemptions is the Senior Citizen Homeowners’ …

The Social Security benefits you received in 2023 may be taxable. Each January, you should receive a Form SSA-1099 (Social Security Benefit Statement) which will show the total amount of your …

Generally, you must decide whether to itemize or to use the standard deduction on your income tax return. You should itemize if your allowable itemized deductions are greater than your standard …

Do you know how to spot a government imposter scam? We will continue to raise public awareness about Social Security-related and other government imposter scams during the fifth annual “Slam the …

When filing their federal income-tax returns, taxpayers can choose to either take the standard deduction or to itemize their deductions. It is anticipated that the number of filers who will itemize …

Financial education helps people learn about savings, credit and loans. It also helps them prepare for life changes and the unexpected. When planning for retirement financial knowledge is essential. …

Now is the perfect time to protect yourself from scams that can damage your finances and reputation.  We can work together to keep your personal information safe!  Fraudsters continue to …

As most individuals and tax professionals know by now, the standard deduction almost doubled under the Tax Cuts and Jobs Act for the single, married filing jointly, married filing separately, head of …

If you pay someone to prepare your tax return, the IRS urges you to choose that preparer wisely. Taxpayers are legally responsible for what’s on their tax return even if it is prepared by someone …

The first step to filing your Federal income-tax return is to determine which filing status to use. In other words, two people making exactly the same amount of income could have different income-tax …

If you did not apply for Medicare Part B (medical insurance) within three months before or after turning age 65, you have another chance each year during the General Enrollment Period, which runs …

The Internal Revenue Service says that electronic filing is the safest, fastest and easiest way for taxpayers to file their tax returns. E-filing is also good for the tax system, good for taxpayers …

If you believe the assessed value or tax class of your property is incorrect, you can file an appeal with the city’s Tax Commission. The commission is distinct from the Department of Finance and …