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    AccountabilityNP, Inc. will provide the information, training, and tools needed by the non-profit community to increase their efficiency while sustaining and expanding their ability to advance the common good.

IRS Announces 2013 Pension Plan Limitations; Taxpayers May Contribute up to $17,500 to their 401(k) plans in 2013

IRS Announces 2013 Pension Plan Limitations; Taxpayers May Contribute up to $17,500 to their 401(k) plans in 2013 WASHINGTON — The Internal Revenue Service today announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for Tax Year 2013.  In general, many of the pension plan limitations will change for … Continue reading

Back-to-School Tips for Students and Parents Paying College Expenses

Back-to-School Tips for Students and Parents Paying College Expenses Whether you’re a recent high school graduate going to college for the first time or a returning student, it will soon be time to head to campus, and payment deadlines for tuition and other fees are not far behind. The IRS offers some tips about education … Continue reading

Five Important Tips on Gambling Income and Losses

Five Important Tips on Gambling Income and Losses Whether you roll the dice, bet on the ponies, play cards or enjoy slot machines, you should know that as a casual gambler, your gambling winnings are fully taxable and must be reported on your income tax return.  You can also deduct your gambling losses . . … Continue reading

Eight Tips for Taxpayers Who Receive an IRS Notice

Eight Tips for Taxpayers Who Receive an IRS Notice Receiving a notice from the Internal Revenue Service is no cause for alarm.  Every year the IRS sends millions of letters and notices to taxpayers.  In the event one shows up in your mailbox, here are eight things you should know. 1.  Don’t panic.  Many of … Continue reading

Tax Tips for Recently Married Taxpayers

Tax Tips for Recently Married Taxpayers If you’ve recently updated your status from single to married, you’re not alone – late spring and summertime is a popular period for weddings.  Marriage also brings about some changes with your taxes.  Here are several tips for newlyweds from the IRS. Notify the Social Security Administration  It’s important … Continue reading

Six Tips for Charitable Taxpayers

Six Tips for Charitable Taxpayers Contributing money and property are ways that you can support a charitable cause, but in order for your donation to be tax-deductible, certain conditions must be met.  Read on for six things the IRS wants taxpayers to know about deductibility of donations. 1.  Tax-exempt status.  Contributions must be made to qualified … Continue reading

Automated IRS System Helps College-Bound Students with Financial Aid Application Process

Automated IRS System Helps College-Bound Students with Financial Aid Application Process College-bound students and their parents sometimes face last minute requests to complete or provide additional information for financial aid applications. The Internal Revenue wants to help by minimizing time spent on the completion of the Department of Education’s Free Application for Federal Student Aid … Continue reading

How to Get a Transcript or Copy of a Prior Year’s Tax Return from the IRS

How to Get a Transcript or Copy of a Prior Year’s Tax Return from the IRS Taxpayers should keep copies of their tax returns, but if they cannot be located or have been destroyed during natural disasters or by fire, the IRS can help.  Whether you need your prior year’s tax return to apply for … Continue reading

Organizing Tax Records This Summer Can Help You Keep Your Cool

Organizing Tax Records This Summer Can Help You Keep Your Cool If the sweltering dog days of summer aren’t incentive enough to get out of the sun for awhile, the IRS suggests another reason to head indoors:  organizing your tax records.  Devoting some time mid-year to putting your tax-related documents in order may not only … Continue reading

Don’t Overlook the Benefits of Miscellaneous Deductions

Don’t Overlook the Benefits of Miscellaneous Deductions If you are able to itemize your deductions on your tax return instead of claiming the standard deduction, you may be able to claim certain miscellaneous deductions.  A tax deduction reduces the amount of your taxable income and generally reduces the amount of taxes you may have to … Continue reading

Moving This Summer? Here are 10 Helpful Tax Tips

Moving This Summer?  Here are 10 Helpful Tax Tips School’s out for the summer, and summer is a popular time for people to move – especially families with children.  If you are moving to start a new job or even the same job at a new job location, the IRS offers 10 tax tips on … Continue reading

Ten Tax Tips for Individuals Selling Their Home

Ten Tax Tips for Individuals Selling Their Home 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 income. … Continue reading

Expanded Adoption Tax Credit Still Available for Extension Filers

Expanded Adoption Tax Credit Still Available for Extension Filers If you adopted a child last year and requested an extension of time to file your 2011 taxes, you may be able to claim the expanded adoption credit on your federal tax return. The Affordable Care Act temporarily increased the amount of the credit and made … Continue reading

Renting Your Vacation Home

Renting Your Vacation Home Income that you receive for the rental of your vacation home must generally be reported on your federal income tax return. However, if you rent the property for only a short time each year, you may not be required to report the rental income. The IRS offers these tips on reporting … Continue reading

Job Search Expenses Can be Tax Deductible

Job Search Expenses Can be Tax Deductible Summertime is the season that often leads to major life decisions, such as buying a home, moving or a job change.  If you are looking for a new job that is in the same line of work, you may be able to deduct some of your job hunting … Continue reading

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