Accounting Portal Articles

Higher Education Tax Benefits

Tax credits, deductions and savings plans available to taxpayers to assist with the expense of higher education. A tax credit reduces the amount of income tax you may have to pay. A deduction reduces...

2012 Tax Scams

IRS issued its annual “Dirty Dozen” ranking of tax scams, reminding taxpayers to use caution during tax season to protect themselves against a wide range of schemes ranging from identity theft to return preparer...

Alternative Minimum Tax 2011

The tax law provides exclusions for certain kinds of income and deductions and credits for certain expenses. The alternative minimum tax (AMT) attempts to ensure that an individual who benefits from certain exclusions, deductions,...

Indiana 2011 Individual Income Tax Forms

2011 IT-40 Income Tax Instruction Booklet: IT-40 Booklet 2011 IT-40 Income Tax Form: IT-40 Form When filing, you must include Schedules 3 & 4, 7, and probably CT-40, along with Form IT-40. You must include Schedules...

2012 Withholding Calculator (IRS)

There are 5 steps. First you have to enter what filing status will you use on your 2012 Income Tax Return: Single, Married filing joint return, Married filing separate return, Head of Household or...