Blog Archives

Can You Claim Your Elderly Parents as Dependents on Your Tax Return?

This could be a very difficult situation for many of us and quite a role reversal. However, as our parents age we may have to consider the option of having them live in our home. If you are taking care


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Some Taxpayers Must Wait to File 2010 Tax Returns

The Internal Revenue Service has announced that some taxpayers will not be able to file their returns until mid to late February 2011 due to last year’s tax changes.  The IRS will need to reprogram its processing systems for three


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3 Reasons a Married Couple Should Consider Filing Separate Income Tax Returns

Most married couples file their income tax returns jointly.  However, married couples have an option—they can file married filing jointly or married filing separately.  Married couples can change their filing status from year to year.  The only requirement is that


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Health Care Reform: Tax Changes for Individuals

The health-care reform legislation that was recently signed into law contains a number of tax changes. Some of these changes take effect immediately; others won’t have an impact for a few years. Here’s a year-by-year breakdown of some of the


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Summary of New Health Care Reform Law

Recently, two pieces of legislation, the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 2010 were signed into law. Together, these pieces of legislation make the most significant reform to health care in


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