WASHINGTON — The Internal Revenue Service today announced an increase in the optional standard mileage rate for the final 6 months of 2022. Taxpayers may use the optional standard mileage rates to calculate the deductible costs of operating an automobile for business and certain other purposes. For the final 6 months of 2022, the standard… Read More

WASHINGTON — The Internal Revenue Service today revised frequently asked questions (FAQs) for the 2021 Earned Income Tax Credit (FS-2022-30) to educate eligible taxpayers on how to properly claim the credit when they prepare and file their 2021 tax return. The Earned Income Tax Credit (EITC) helps low- to moderate-income workers and families in the form of… Read More

When Your Spouse Owes the IRS   We represent taxpayers in Barrington, and the rest of Rhode Island, Massachusetts and Connecticut who have tax issues and we have recently seen an uptick in in those folks coming to us who do not know if they can be classified as innocent or injured spouses. (Publication 971… Read More

Sometimes life just gets in the way.  You feel too busy or have experienced a divorce, illness, job loss, or death in your family that sidetracked you from filing your tax return on time. Or you could just be overwhelmed with the whole process of filing your taxes. Perhaps you don’t have the money to… Read More

Tax Time Guide: American Rescue Plan changes can boost refunds for many families; people should file even if they haven’t for years WASHINGTON – The Internal Revenue Service today urged Americans to file a 2021 federal income tax return so they can take advantage of key tax benefits included in the American Rescue Plan and… Read More