Category Archives: education

Special Tax Benefits for Members of the Armed Forces

Posted on October 6, 2014 by FCA Admin

Issue Number:    IRS Summertime Tax Tip 2014-07 Inside This Issue Special tax benefits apply to members of the U. S. Armed Forces. For example, some types of pay are not taxable. And special rules may apply to some tax deductions, credits … Continue reading →

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Eight Tax Benefits for Parents

Posted on December 2, 2013 by FCA Admin

Inside This Issue Your children may help you qualify for valuable tax benefits, such as certain credits and deductions. If you are a parent, here are eight benefits you shouldn’t miss when filing taxes this year. 1. Dependents. In most cases, … Continue reading →

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Visit IRS.gov this Summer for Tax Help

Posted on September 28, 2013 by FCA Admin

Issue Number:    IRS Summertime Tax Tip 2012-07 Inside This Issue Get answers to tax questions, download federal tax forms or publications or check on a charity at the IRS website – IRS.gov. The site offers free online tax support, 24 hours … Continue reading →

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Five Important Tips on Gambling Income and Losses

Posted on June 6, 2013 by FCA Admin

Issue Number:    IRS Summertime Tax Tip 2012-24 Inside This Issue Whether you roll the dice, bet on the ponies, play cards or enjoy slot machines, you should know that as a casual gambler, your gambling winnings are fully taxable and must … Continue reading →

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Who Should File a 2012 Tax Return?

Posted on January 8, 2013 by FCA Admin

Issue Number:    IRS TAX TIP 2013-01 Inside This Issue If you received income during 2012, you may need to file a tax return in 2013. The amount of your income, your filing status, your age and the type of income you … Continue reading →

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More Flexible Offer-in-Compromise Terms Help Taxpayers Make a Fresh Start

Posted on August 4, 2012 by FCA Admin

Issue Number:    IRS Summertime Tax Tip 2012-02 Inside This Issue The IRS has expanded its “Fresh Start” initiative by offering more flexible terms to its Offer-in-Compromise Program. These newest rules enable some financially distressed taxpayers to clear up their tax problems … Continue reading →

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Keep the Child and Dependent Care Tax Credit in Mind for Summer Planning

Posted on July 15, 2012 by FCA Admin

Issue Number:    IRS Summertime Tax Tip 2012-01 Inside This Issue During the summer many parents may be planning the time between school years for their children while they work or look for work. The IRS wants to remind taxpayers that are … Continue reading →

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Education Tax Credits Help Pay Higher Education Costs

Posted on March 3, 2012 by FCA Admin

Issue Number:    IRS Tax Tip 2012-37 Inside This Issue Two federal tax credits may help you offset the costs of higher education for yourself or your dependents.  These are the American Opportunity Credit and the Lifetime Learning Credit. To qualify for … Continue reading →

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The Child Tax Credit: 11 Key Points

Posted on February 15, 2012 by FCA Admin

Issue Number:    IRS Tax Tip 2012-29 Inside This Issue The Child Tax Credit is available to eligible taxpayers with qualifying children under age 17. The IRS would like you to know these eleven facts about the child tax credit. 1. Amount With … Continue reading →

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The Saver’s Credit and You

Posted on December 31, 2011 by FCA Admin

Low to moderate income individuals still have a chance to take advantage of the savers credit for 2011. The savers credit is a great motivator for saving for retirement. Those who can claim the credit must meet the flowing criteria: … Continue reading →

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