The holiday season often prompts people to give money or property to charity. If you plan to give and want to claim a tax deduction, there are a few tips you should know before you give. For instance, you...
When you enroll in coverage through the Marketplace during Open Season, which runs through Jan. 31, 2016, you can choose to have monthly advance credit payments sent directly to your insurer. If you get the benefit of advance credit...
The premium tax credit can help make purchasing health insurance coverage more affordable for people with moderate incomes. Answer these yes-or-no to find out if you may be eligible for the premium tax credit. For the graphic version of...
The IRS continues to warn consumers to guard against scam phone calls from thieves intent on stealing their money or their identity. Criminals pose as the IRS to trick victims out of their money or personal information. Here are...
WASHINGTON — The Internal Revenue Service reminds taxpayers that the earlier in the year they check their withholding, the easier it will be to get the right amount of tax withheld. Besides wages, income tax is often withheld from...
There is a lot of information in the news and online about the health care law and its effect on your taxes. For the most up-to-date answers to questions you may have, visit IRS.gov/aca. From A to Z and...
You are allowed a premium tax credit only for health insurance coverage you purchase through the Marketplace for yourself or other members of your tax family. However, to be eligible for the premium tax credit, your household income must...
When you sell a capital asset the sale results in a capital gain or loss. A capital asset includes most property you own for personal use or own as an investment. Here are 10 facts that you should know...
The IRS sent letters to taxpayers this summer who were issued a Form 1095-A, Health Insurance Marketplace Statement, showing that advance payments of the premium tax credit were paid on the taxpayer’s behalf in 2014. At the time, the...
The IRS has a series of Questions and Answers that helps employers understand the Affordable Care Act reporting requirements that apply to them. The health care law requires applicable large employers to file information returns with the IRS and...
IRS2Go Mobile App IRS2Go is the official smartphone app of the IRS Check your refund status, find free tax preparation assistance, sign up for helpful tax tips, and follow the IRS on Twitter, Tumblr, and YouTube: all in the...
For purposes of the health care law, the information that health coverage providers, including employers that provide self-insured coverage, report to the IRS includes the following: • The name, address, and employer identification number of the provider • The...
We all make mistakes so don’t panic if you made one on your tax return. You can file an amended return if you need to fix an error. You can also amend your tax return if you forgot to...
ASY is Relocating
Your health insurance company may request that you provide them with the social security numbers for you, your spouse and your children covered by your policy. This is because the Affordable Care Act requires every provider of minimum essential...
People often change their job in the summer. If you look for a job in the same line of work, you may be able to deduct some of your job search costs. Here are some key tax facts you...
Income tax may be the last thing on your mind after a divorce or separation. However, these events can have a big impact on your taxes. Alimony and a name change are just a few items you may need...
WASHINGTON — The Internal Revenue Service today reminded truckers and other owners of heavy highway vehicles that in most cases their next federal highway use tax return is due Monday, Aug. 31, 2015. The deadline generally applies to Form...
We are pleased to announce that ASY has moved to 3030 E Market St. You’ll see the same friendly staff and same great service, just at a new location! (right next to Dairy Queen on East Market St). Stay...