Kevin Roberts, CPA | Roberts CPA Group | Tax - Wealth Management - Virtual CFO - Accounting - Payroll | 502-426-0000

       

 

New Testimonial Hotline

 

Kevin Roberts, CPA

Roberts CPA Group

 

Call our Testimonial Hotline & give us your feedback at:

 

800-609-9006 extension 9078

Here's an Example:

 


 

Other Articles

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- Self-Protection Through Knowing How Long To Keep Tax Records
 

- Identity Thieves Want YOUR Tax Return
 

- The Power of Specialized Knowledge
 

- Take A Test Drive Of Your Retirement Plans



 

 

 

 

Please Call Our Testimonial Hotline + 8 Tax Savers for Parents + "Dirty Dozen" Tax Scams for 2014


 

Give Us Your Feedback & a Testimonial on Our Hotline

 

Hey it’s Kevin Roberts and I wanted to ask you a favor.  We’ve just installed a toll-free number that I would like for you to call and tell me how you think we are doing as your CPA firm.

 

Just dial 800-609-9006 extension 9078 and follow the instructions, it only takes 1 minute.  If we’ve done a good job please let me know.

 

And if we can improve on anything, please mention that too. Thanks!  Kevin

 


 

         8 Tax Savers for Parents

Your children may help you qualify for valuable tax benefits. Here are eight tax benefits parents should look out for when filing their federal tax returns this year.

1. Dependents. In most cases, you can claim your child as a dependent. This applies even if your child was born anytime in 2013.

2. Child Tax Credit. You may be able to claim the Child Tax Credit for each of your qualifying children under the age of 17 at the end of 2013. The maximum credit is $1,000 per child. If you get less than the full amount of the credit, you may be eligible for the Additional Child Tax Credit.

3. Child and Dependent Care Credit. You may be able to claim this credit if you paid someone to care for one or more qualifying persons. Your dependent child or children under age 13 are among those who are qualified. You must have paid for care so you could work or look for work.

4. Earned Income Tax Credit. If you worked but earned less than $51,567 last year, you may qualify for EITC. If you have 3 qualifying children, you may get up to $6,044 as EITC when you file and claim it on your tax return.

5. Adoption Credit. You may be able to claim a tax credit for certain expenses you paid to adopt a child.

6. Higher education credits. If you paid for higher education for yourself or an immediate family member, you may qualify for either of two education tax credits. Both the American Opportunity Credit and the Lifetime Learning Credit may reduce the amount of tax you owe. If the American Opportunity Credit is more than the tax you owe, you could be eligible for a refund of up to $1,000.

7. Student loan interest. You may be able to deduct interest you paid on a qualified student loan, even if you don’t itemize deductions on your tax return.


8. Self-employed health insurance deduction. If you were self-employed and paid for health insurance, you may be able to deduct premiums you paid to cover your child under the Affordable Care Act. It applies to children under age 27 at the end of the year, even if not your dependent.

 

If you have any questions on these eight or other related tax issues, don't hesitate to call me here at the office at 426-0000.

 


 

IRS Releases the “Dirty Dozen” Tax Scams for 2014; Identity Theft, Phone Scams Lead List | IR-2014-16

WASHINGTON — The Internal Revenue Service today issued its annual “Dirty Dozen” list 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 fraud.


The Dirty Dozen listing, compiled by the IRS each year, lists a variety of common scams taxpayers can encounter at any point during the year. But many of these schemes peak during filing season as people prepare their tax returns.
 

"Taxpayers should be on the lookout for tax scams using the IRS name," said IRS Commissioner John Koskinen. "These schemes jump every year at tax time. Scams can be sophisticated and take many different forms. We urge people to protect themselves and use caution when viewing e-mails, receiving telephone calls or getting advice on tax issues."
 

Illegal scams can lead to significant penalties and interest and possible criminal prosecution. IRS Criminal Investigation works closely with the Department of Justice (DOJ) to shutdown scams and prosecute the criminals behind them.
 

You can read about these in more detail on the IRS website by clicking here but here are bullet points of their Dirty Dozen tax scams for 2014:

 

1. Identity Theft
2. Pervasive Telephone Scams
3. Phishing
4. False Promises of “Free Money” from Inflated Refunds
5. Return Preparer Fraud
6. Hiding Income Offshore
7. Impersonation of Charitable Organizations
8. False Income, Expenses or Exemptions
9. Frivolous Arguments
10. Falsely Claiming Zero Wages or Using False Form 1099
11. Abusive Tax Structures
12. Misuse of Trusts

 

If you think you've been taken advantage of using one of these scams, feel free to call me here at the office at 502-426-0000.  Remember that tax scams can take many forms beyond the "Dirty Dozen," and you should always be on the lookout for many other schemes.  More information on tax scams is available at IRS.gov.

 


 

Remember you can call our offices if you have any questions about these or any other bookkeeping, accounting, tax, financial planning or insurance related issues, at 502-426-0000. 

 

Regards, Kevin Roberts, CPA

President, Roberts CPA Group

 

 

 

 

 

Kevin Roberts, CPA | Roberts CPA Group | 12906 Shelbyville Rd #220
Louisville, KY 40243 | 502-426-0000 | Fax: -502805-0408
La Grange office: 209 S 1st Street | La Grange, KY 40031
502-222-7260 | www.louisville-tax.com