May 2019 | Rue & Associates

Monthly Archive

29
May

Tax Breaks for Parents

First, you can claim any child as a dependent who is younger than 19 or 24 if he or she is a full-time student or disabled. If you’re separated or divorced, only one parent can claim each child. When filing …

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17
May

The Break Down on Audits

The purpose of the audit is to determine that the tax return is substantially correct. At the end of the audit, one of three things are going to happen. Either you will owe the government money, the government will owe …

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13
May

Be Wary of Credit Repair Companies

It is almost impossible to open your email or browse online without stumbling across ads to repair your credit. Companies that promise instant and remarkable improvements to your credit cannot deliver on their word. With credit at a premium, families …

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10
May

Many Individuals Were Left Shocked by Their Tax Refunds

Many taxpayers were upset when they found out that they owed money to the federal government. And if taxpayers don’t adjust their paycheck withholdings, next year could bring an even bigger surprise. New guidance from the IRS prompted employers to …

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01
May

What to Keep After Filing Taxes?

You want to hold on to your tax return and supporting documentation for at least three years. In a few specific situations, some documents will need to be kept even longer. Three years. You typically want to keep your tax returns …

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