Category Archives: personal finance

Vacation Home Rentals

Posted on January 18, 2015 by FCA Admin

Issue Number:    IRS Summertime Tax Tip 2014-13 Inside This Issue If you rent a home to others, you usually must report the rental income on your tax return. But you may not have to report the income if the rental period … Continue reading →

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Tips on Travel While Giving to Charity

Posted on November 19, 2014 by FCA Admin

  Issue Number:    IRS Summertime Tax Tip 2014-06 Inside This Issue   Do you plan to donate your services to charity this summer? Will you travel as part of the service? If so, some travel expenses may help lower your taxes … Continue reading →

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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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Parents and Students: Check Out College Tax Benefits for 2012 and Years Ahead

Posted on May 21, 2014 by FCA Admin

Issue Number:    IR-2013-22 Inside This Issue WASHINGTON — The Internal Revenue Service today reminded parents and students that now is a good time to see if they qualify for either of two college education tax credits or any of several other … Continue reading →

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Four Things You Should Know if You Barter

Posted on February 5, 2014 by FCA Admin

Issue Number:    IRS Tax Tip 2014-26 Inside This Issue Bartering is the trading of one product or service for another. Often there is no exchange of cash. Small businesses sometimes barter to get products or services they need. For example, a … 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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Ten Tax Tips for Individuals Selling Their Home

Posted on November 22, 2012 by FCA Admin

Issue Number:    IRS Summertime Tax Tip 2012-14 Inside This Issue The Internal Revenue Service has some important information for those who have sold or are about to sell their home. If you have a gain from the sale of your main … Continue reading →

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