Does the earned income tax credit increase audit risk?
Taxpayers who claim the Earned Income Tax Credit (EITC) are at an increased risk of an audit compared to those who do not. The reason: it is a tax credit often claimed in error. Last year alone the Internal Revenue Service (IRS) audited 381,000 taxpayers that claimed...2018 may be Minnesota’s most difficult tax season yet
Think taxes are difficult? The 2018 tax season may be the most difficult of all — particularly for Minnesotan taxpayers.What is the problem? Minnesota’s income tax is largely based on the definition within federal return forms of “taxable...Four tax deductions for 2018
Recent tax reform has changed the way taxpayers will do taxes for the 2018 tax year. The new law increased the standardized deduction, meaning many taxpayers will prefer to use the standardized deduction instead of the itemized approach. Before you decide which is...
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