First Capital Advisors, LLC

First Capital Advisors, LLC

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Beware of Bogus IRS Emails

Issue Number:    IRS Tax Tip 2013-19 Inside This Issue The IRS receives thousands of reports every year from taxpayers who receive emails out-of-the-blue claiming to be from the IRS. Scammers use the IRS name or logo to make the message appear authentic so you will respond to it. In reality, it’s a scam known as “phishing,” [...]

Social Security Benefits and Your Taxes

Issue Number:    IRS Tax Tip 2013-24 Inside This Issue Some people must pay taxes on their Social Security benefits. If you get Social Security, you should receive a Form SSA-1099, Social Security Benefit Statement, by early February. The form shows the amount of benefits you received in 2012. Here are five tips from the IRS to [...]

Ten Tips to Help You Choose a Tax Preparer

Issue Number:    IRS Tax Tip 2013-07 Inside This Issue Many people look for help from professionals when it’s time to file their tax return. If you use a paid tax preparer to file your federal income tax return this year, the IRS urges you to choose that preparer carefully. Even if someone else prepares your return, [...]

Who Should File a 2012 Tax Return?

Issue Number:    IRS TAX TIP 2013-01 Inside This Issue If you received income during 2012, you may need to file a tax return in 2013. The amount of your income, your filing status, your age and the type of income you received will determine whether you’re required to file. Even if you are not required to [...]

Ten Tax Tips for Individuals Selling Their Home

Issue Number:    IRS Summertime Tax Tip 2012-14 Inside This Issue The Internal Revenue Service has some important information for those who have sold or are about to sell their home. If you have a gain from the sale of your main home, you may be able to exclude all or part of that gain from your [...]

Eleven Tips for Taxpayers Who Owe Money to the IRS

Issue Number:    IRS Summertime Tax Tip 2012-13 Inside This Issue Most taxpayers get a refund from the Internal Revenue Service when they file their tax returns. For those who don’t get a refund, the IRS offers several options to pay their tax bill. Here are eleven tips for taxpayers who owe money to the IRS. 1. Tax [...]

Six Social Media Tools to Help You Get Free Tax Information

Issue Number:    IRS Summertime Tax Tip 2012-10 Inside This Issue The IRS uses a variety of technologies to help you get the tax information you need. Here are six ways the IRS uses social media to share information on tax changes, initiatives, products and services: 1. IRS2Go 2.0  IRS’s smartphone application allows you to check your refund [...]

More Flexible Offer-in-Compromise Terms Help Taxpayers Make a Fresh Start

Issue Number:    IRS Summertime Tax Tip 2012-02 Inside This Issue The IRS has expanded its “Fresh Start” initiative by offering more flexible terms to its Offer-in-Compromise Program. These newest rules enable some financially distressed taxpayers to clear up their tax problems even quicker. An offer-in-compromise (OIC) is an agreement between a taxpayer and the IRS that [...]

Keep the Child and Dependent Care Tax Credit in Mind for Summer Planning

Issue Number:    IRS Summertime Tax Tip 2012-01 Inside This Issue During the summer many parents may be planning the time between school years for their children while they work or look for work. The IRS wants to remind taxpayers that are considering their summer agenda to keep in mind a tax credit that can help them [...]

Six Tips for People Who Pay Estimated Taxes

Issue Number:    IRS Tax Tip 2012-65 Inside This Issue You may need to pay estimated taxes to the IRS during the year if you have income that is not subject to withholding. This depends on what you do for a living and the types of income you receive. These six tips from the IRS explain estimated [...]