Toney’s Tax Tips

An Enrolled Agent with over 30 years' experience providing common-sense tax, insurance and financial solutions. Married for over 45 years, having raised two sons, both married to girls named Carla. Go figure.

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Saturday, December 10, 2016

TFX Blog | IRS Advice to Those with Expiring ITINs: Apply Now to Avoid Refund Delays; Agency Offers Tips on Avoiding Common Errors

TFX Blog | IRS Advice to Those with Expiring ITINs: Apply Now to Avoid Refund Delays; Agency Offers Tips on Avoiding Common Errors

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Child Tax Credit 101 [Video] | TurboTax

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Child Tax Credit 101 [Video] | TurboTax

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TFX Blog | 2017 Tax Filing Season Begins Jan. 23 for Nation’s Taxpayers, Tax Returns Due April 18

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Friday, October 28, 2016

Bamboozled: Scammers use Obamacare confusion to target new victims | NJ.com

IRS Form 1095 Relating to Health Insurance

Bamboozled: Scammers use Obamacare confusion to target new victims | NJ.com

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Wednesday, October 26, 2016

IRS Announces Changes to 2017 Income Tax Deductions, Credits, and Other Tax Benefits | CPA Practice Advisor

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How to Determine My Federal Income Tax Rate If I’m Self-Employed | Turbo Tax

How to Determine My Federal Income Tax Rate If I’m Self-Employed |Turbo Tax

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Wednesday, October 19, 2016

Tax Implications of Getting Married | Turbo Tax

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Understand The Differences of Your IRA Options | Bankrate.com

Couple walking their dog outside © CandyBox Images/Shutterstock.com

Understand The Differences of Your IRA Options | Bankrate.com

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Friday, September 30, 2016

Wednesday, September 21, 2016

7 Mistakes To Avoid When Reclassifying Employees | CPA Practice Advisor

employee classification complying with fair labor standards act 1 568d5a687dffa

7 Mistakes To Avoid When Reclassifying Employees | CPA Practice Advisor

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Monday, September 19, 2016

IRS Failed to Alert Victims of Employment-Related Identity Theft - Accounting Web

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1031 Exchange Rules Every Real Estate Investor Should Know - Fox News

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1031 Exchange Rules Every Real Estate Investor Should Know - Fox News

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Friday, September 16, 2016

Fighting Tax Related ID Fraud With Your Cell Phone, One Selfie At A Time - Forbes

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4 Tax Tips for Small Business Owners | CPA Practice Advisor

Tax Tips for Schedule C Filers 1 54986ceb23dc8

4 Tax Tips for Small Business Owners | CPA Practice Advisor

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Tuesday, September 13, 2016

Is It a Business or an Expensive Hobby? - WSJ

Even for tax scholars, it can often prove highly taxing to figure out the difference between a legitimate business that is devoted to making a profit and a venture that isn’t.

Is It a Business or an Expensive Hobby? - WSJ

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Thursday, September 8, 2016

IRS Eases Rules for IRA Rollover Waivers | CPA Practice Advisor

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Friday, September 2, 2016

IRS Video Warns Tax Pros of Cyber Security Threats -CPA Practice Advisor

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IRS urges taxpayers to check their withholding -KGWN

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Thursday, September 1, 2016

IRS Says Some Tax Refunds Will Be Delayed Next Year, Offers Tips -CPA Practice Advisor

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Monday, June 27, 2016

Tax Time for Foreign Accounts: FBARs Due June 30 - CPA Practice Advisor

http://www.cpapracticeadvisor.com/news/12223257/tax-time-for-foreign-accounts-fbars-due-june-30

Tax Time for Foreign Accounts: FBARs Due June 30 - CPA Practice Advisor

Posted by Mark Toney at 11:34 AM No comments:

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IRS Expands Electric Vehicle Tax Credit to 30 Cars, Including 3 Porsche Models - CPA Practice Advisor

2015 porsche 918 spyder first te 1 576ada785bf11

IRS Expands Electric Vehicle Tax Credit to 30 Cars, Including 3 Porsche Models - CPA Practice Advisor

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How Does Your Vacation Home Affect Your Taxes? - TurboTax

How Does Your Vacation Home Affect Your Taxes? - TurboTax

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Friday, June 10, 2016

Tax-related identity theft can delay your refund - CNN Money

Posted by Mark Toney at 11:16 AM No comments:

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6 Steps to Cutting Your Taxes When You Start Taking RMDs - Kiplinger

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Tuesday, May 31, 2016

IRS Warns of Latest Scam Variation Involving Bogus “Federal Student Tax” - Expat Tax Blog

IRS Warnes of Latest Scam Variation Involving Bogus "Federal Student Tax" - Expat Tax Blog

Posted by Mark Toney at 9:48 AM No comments:

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5 Steps Small Businesses Must Take To Prepare for New Overtime Pay Rules - CPA Practice Advisor

5 Steps Small Businesses Must Take To Prepare for New Overtime Pay Rules - CPA Practice Advisor

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Tuesday, May 24, 2016

How Well Do You Know Social Security? - Kiplinger

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Tax Filing Deadlines for Expats, FBAR Coming Up | CPA Practice Advisor

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Wednesday, May 18, 2016

Forget Money: How The World Paid Taxes in the Past - TurboTax

Forget Money: How The World Paid Taxes in the Past -TurboTax

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Tuesday, May 17, 2016

How Tax Scam Victims Can Clear Their Names With the IRS -- The Motley Fool

Hacker In Hoodie Identity Theft Cyber Security

How Tax Scam Victims Can Clear Their Names With the IRS -- The Motley Fool

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Thursday, May 12, 2016

Bamboozled: The IRS doesn't accept iTunes gift cards as payment for overdue taxes -NJ.com

Bamboozled: The IRS doesn't accept iTunes gift cards as payment for overdue taxes - NJ.com

Posted by Mark Toney at 1:06 PM No comments:

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Tuesday, May 10, 2016

Six Ways to Reduce Your Taxable Income - TurboTax

Six Ways to Reduce Your Taxable Income - TurboTax

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How to Calculate the Taxable Amount of an IRA Withdrawal - CPA Practice Advisor

How to Calculate the Taxable Amount of an IRA Withdrawal - CPA Practice Advisor

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Monday, May 9, 2016

Taking Selfies to Fight Taxpayer Identity Theft - Accounting Today

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Thursday, May 5, 2016

Tax Season Remains Open For Many Tax Exempt Organizations - Forbes

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Tax Tips and Tricks for Veterans - Huffington Post

Tax Tips and Tricks for Veterans - Huffington Post

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Tuesday, May 3, 2016

Michael Jackson Estate Faces Billion-Dollar Tax Court Battle - The Hollywood Reporter

How much was the King of Pop's name and image worth when he died? The estate says $2,105, but the IRS insists its value is more than $434 million. "This is bizarre," says the estate's lead attorney, Howard Weitzman.

Michael Jackson Estate Faces Billion-Dollar Tax Court Battle - The Hollywood Reporter

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Are Your Political Campaign Contributions Tax Deductible? - TurboTax

Are Your Political Campaign Contributions Tax Deductible? - TurboTax

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Thursday, April 28, 2016

How to track down your IRS refund check - 9WCPO

http://www.wcpo.com/news/national/how-to-track-down-your-irs-refund-check

How to track down your IRS refund check - 9WCPO

Posted by Mark Toney at 10:49 AM No comments:

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Tuesday, April 26, 2016

Tax Files: Which Ones to Throw Out, Which Ones to Keep - Kiplinger

http://www.kiplinger.com/article/taxes/T055-C001-S003-spring-cleaning-for-your-tax-files.html

Tax Files: Which Ones to Throw Out, Which Ones to Keep - Kiplinger

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Monday, April 25, 2016

Bill Would Simplify Income Tax Filing | CPA Practice Advisor

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Sunday, April 24, 2016

Where Do You Rank as a Taxpayer? -Kiplinger

Where Do You Rank as a Taxpayer? - Kiplinger

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Friday, April 22, 2016

Rolling Over Retirement Savings to a Health Savings Account - Kiplinger

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Thursday, April 21, 2016

How your federal income tax dollars are spent - CNN Money

How your federal income tax dollars are spent - CNN Money

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Wednesday, April 20, 2016

A Real-Life Tax Scam: This Is What IRS Phone Fraud Sounds Like - NPR

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Friday, March 25, 2016

Daily Tax Tips March 2016 - Don't Mess With Taxes

Daily Tax Tips March 2016 - Don't Mess With Taxes

Posted by Mark Toney at 9:39 AM No comments:

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Tuesday, March 15, 2016

What To Do Now If You Can’t Pay Your Taxes in April | Equifax Finance Blog

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Friday, March 11, 2016

27 Companies That Paid No Taxes - The Big Picture

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Editor's note

We struggle with important tax, insurance and financial problems and make what we hope are informed decisions. Afterwards, we stumble upon an article that indicates the common sense solution was something we never even knew was available. It can make you sick. “If only I had known this ahead of time!" I’ve chosen articles and stories of interest to myself and my clients. I hope you will find the information interesting, practical and helpful.

Disclaimer (aka "the boring stuf")

The content on this site is for informational purposes only, and it may not be relied on for the purpose of avoiding any federal tax penalties. This website is purely a public resource of general information which is intended, but not promised or guaranteed, to be correct, complete, and up to date. The content should not be viewed as actual tax, insurance and/or financial advice, and is not representative of a client relationship. You are encouraged to seek tax, insurance, or financial advice from an independent financial advisor.

Mark Toney is an Accredited Tax Advisor® (ATA) and Enrolled Agent (EA) tax professional federally licensed in all 50 states. Mark Toney is also an insurance agent licensed in Georgia, North Carolina, South Carolina, and Ohio. If you are not a resident of the states listed above, all insurance and investment-related information on this site is for informational purposes only and does not constitute a solicitation or offer to sell securities or insurance services over the internet.