Monthly Archives: March 2012

What You Need to Know about the Small Business Health Care Tax Credit

IRS News Release How will the credit make a difference for you? For tax years 2010 through 2013, the maximum credit is 35 percent for small business employers and 25 percent for small tax-exempt employers such as charities. An enhanced … Continue reading

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Finksburg woman charged with stealing $60,000 from employer

A recent embezzlement in Carroll County from the Carroll County Times March 15th 2012 issue. Unfortunately, this is a very common occurrence. Story by  Caroline Hailey Times Staff Writer A Finksburg woman is facing six charges after allegedly stealing more … Continue reading

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Tax Credits Available for Certain Energy-Efficient Home Improvements

Here’s some recent information from the IRS about the energy credits available. The IRS would like you to get some credit for qualified home energy improvements this year. Perhaps you installed solar equipment or recently insulated your home? Here are … Continue reading

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Education Tax Credits Help Pay Higher Education Costs

IRS Tax Tip 2012-37, February 24, 2012 Two federal tax credits may help you offset the costs of higher education for yourself or your dependents.  These are the American Opportunity Credit and the Lifetime Learning Credit. To qualify for either … Continue reading

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IRS ALERT: IRS Audit Compliance Initiative Projects for 2012

Here is the latest IRS Alert sent from the Beyond 415 Alert System: The IRS regularly conducts national, regional and local compliance initiative projects (CIPs) to study perceived areas of noncompliance. The IRS uses the data from these projects to … Continue reading

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