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Premium Tax Credit: Are You Eligible?

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...

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  • October 29, 2015

IRS Urges Public to Stay Alert for Scam Phone Calls

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...

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  • October 29, 2015

Tax Preparedness Series: Employees Should Take Time to Check Withholding

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...

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  • October 29, 2015

IRS.gov has Information to Help You Understand the Health Care Law’s Effect on Your Taxes

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...

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  • October 12, 2015

How Your Income Affects Your Premium Tax Credit

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...

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  • September 30, 2015

Ten Facts That You Should Know about Capital Gains and Losses

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...

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  • September 22, 2015

The Health Care Law and You: Nine Facts about Letters Sent by the IRS

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...

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  • September 18, 2015

Questions and Answers to Help Your Organization Understand ACA Reporting Requirements

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...

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  • September 17, 2015

IRS2Go Mobile App

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...

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  • September 16, 2015

What Information Must a Health Coverage Provider Report to the IRS

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...

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  • September 14, 2015

Top 10 Tax Tips about Filing an Amended Tax Return

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...

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  • September 4, 2015

Your Health Insurance Company May Ask for Your Social Security Number

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...

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  • August 31, 2015

Job Search Expenses May be Deductible

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...

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  • August 27, 2015

Key Tax Tips on the Tax Effects of Divorce or Separation

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...

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  • August 25, 2015

IRS Reminds Truckers: For Most, Highway Use Tax Return is due Aug. 31

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...

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  • August 23, 2015

Accounting Services of York has Moved

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...

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  • August 22, 2015

Moving Expense Deduction

If you move your home you may be able to deduct the cost of the move on your federal tax return next year. This may apply if you move to start a new job or to work at the...

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  • August 19, 2015

IRS Tax Tips for Starting a Business

When you start a business, a key to your success is to know your tax obligations. You may not only need to know about income tax rules, but also about payroll tax rules. The staff at ASY are experts...

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  • August 5, 2015

Back-to-School Education Tax Credits

If you, your spouse or a dependent are heading off to college in the fall, some of your costs may save you money at tax time. You may be able to claim a tax credit on your federal tax...

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  • August 3, 2015

It’s Time for a Mid-Year Premium Tax Credit Checkup

If you have insurance through the Health Insurance Marketplace, you may be getting advance payments of the premium tax credit. These are paid directly to your insurance company to lower your monthly premium. Changes in your income or family...

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  • July 28, 2015