It’s always a good idea to prepare early to file your federal income tax return. Like last year, certain provisions of the Affordable Care Act affect your federal income tax return when you file this year.   Here are two things you should know about the health care law’s coverage and reporting requirements that will help […]

The theft of your identity, especially personal information such as your name, Social Security number, address and children’s names, can be traumatic and frustrating. In this online era, it’s important to always be on guard. The IRS has teamed up with state revenue departments and the tax industry to make sure you understand the dangers […]

Individuals’ active participation rental  real estate losses up to $25,000 may be used against nonpassive income. A natural person who (1) has at least a 10% interest in any rental  real estate activity and (2) otherwise “actively participates” in that activity, may offset up to $25,000 of nonpassive income with that portion of the passive activity  […]