Closing Cost Deduction
The closing statement to a real estate purchase contains many potential tax deductions. Treatment of closing statement line items differ...
Tax Questions
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Amending Filing Status from MFJ to MFS (or MFS to MFJ)
You can amend a Married Filing Joint (MFJ) return to a Married Filing Separate (MFS) return and vice versa. When... -
Taxpayers Without a Social Security Number (ITIN)/W7 Form Application
Effective January 1, 2013, the IRS implemented new procedures for issuing new Individual Taxpayer Identification Numbers (ITINs). Designed specifically for... -
Per Diem
Per Diem is an allowance given by employers that is used to cover meals, lodging, and incidental expenses of employees on... -
Nondividend Distribution Statements
A non-dividend distribution is a distribution that is not paid out of the earnings and profits of a corporation or... -
Form 8379 – Injured Spouse Allocation
An injured spouse is a taxpayer who files a joint return and all or part of the portion of the joint overpayment... -
Minister / Clergy Member Tax Return
Ministers are individuals duly ordained, commissioned or licensed by a church. ‘Church’ is used generically and does not refer to... -
Retired Public Safety Officer Pension Exclusion
If the taxpayer is an eligible retired public safety officer (law enforcement officer, firefighter, chaplain, or member of a rescue... -
Health Savings Account(HSA)-Form 8889
A health savings account (HSA) is a tax-exempt trust or custodial account set up with a qualified HSA trustee to... -
Form 5329 – Tax on Early Distribution
To discourage the use of pension funds for purposes other than normal retirement, the law imposes a 10% additional tax...