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James Oberholtzer
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James Oberholtzer’s Legal Guides

36 total

  • Save Money with the Child Tax Credit

    If you have a child under age 17, the Child Tax Credit may save you money at tax-time. Here are some facts the IRS wants you to know about the credit. Amount. The non-refundable Child Tax Credit may help reduce your federal income tax by up to $1,000 for each qualifying child ...

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  • The IRS "Free File" allows you to file your 1040 Income Taxes online for free

    Using IRS Free File, you can prepare and e-file your federal taxes on brand-name software for free. The program is a partnership between the IRS and the Free File Alliance, a group of about 15 private-sector tax software companies. All Free File software companies use the latest...

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  • Four Things to Know About Bartering

    The IRS has announced a reminder about income taxes for bartering of goods and services. In todays economy, small business owners sometimes save money through bartering to get products or services they need. The IRS wants to remind small business owners that the fair market val...

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  • Seven Tips to Help You Determine if Your Social Security Benefits are Taxable

    The IRS has announced seven ways to determine if your social security benefits are taxable. Many people may not realize the Social Security benefits they received in 2011 may be taxable. All Social Security recipients should receive a Form SSA-1099 from the Social Security Admini...

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  • What to Do If You Are Missing a W-2

    The IRS has announced some things that you can do if you are missing a W-2. Make sure you have all the needed documents, including all your Forms W-2, before you file your 2011 tax return. You should receive an IRS Form W-2, Wage and Tax Statement, from each of your employers. Em...

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  • IRS Offers Top 10 Tax-Time Tips

    The IRS has published suggestions on good ways to prepare to file your taxes. The income tax filing season has begun and important tax documents should be arriving in your mailbox. Even though your return is not due until April, you can make tax time easier on yourself with an ea...

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  • Six IRS Year-End Tips to Reduce 2011 Taxes

    The IRS wants to remind all taxpayers that with the New Year fast approaching, there is still time for you to take steps that can lower your 2011 taxes. However, you usually need to take action no later than Dec. 31 in order to claim certain tax benefits. Here are six tax-savin...

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  • Home Energy Tax Credits Available for 2011

    The IRS reminds homeowners that they still have time this year to make energy-saving and green-energy home improvements and qualify for either of two home energy credits. The Nonbusiness Energy Property Credit is aimed at homeowners installing energy efficient improvements such ...

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  • IRS Announces Relief for Employer Reclassification of Independent Contractors

    The Internal Revenue Service (IRS) has developed a new program to permittaxpayers to voluntarily reclassify workers as employees for federal employment taxpurposes. The Voluntary Classification Settlement Program (VCSP) allows eligibletaxpayers to voluntarily reclassify their wor...

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  • In 2012, Many Tax Benefits Increase Due to Inflation Adjustments

    The IRS has annnounces that for tax year 2012, personal exemptions and standard deductions will rise and tax brackets will widen due to inflation. By law, the dollar amounts for a variety of tax provisions, affecting virtually every taxpayer, must be revised each year to keep pa...

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