Category: Tax Focus

Protect yourself from identity theft during tax season

It’s hard to believe, but tax season is once again upon us. Many of you have probably already received forms in the mail or electronically and have started working on your tax returns. As the filing season gears up, we mark this week, Jan. 30 through Feb. 3, as “Tax Identity Theft Awareness Week.” Tax identity theft occurs when a […]

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Sheriff warns of tax scams circulating in the area

Marion County law enforcement officials are urging people to be careful of possible tax scams in the area. The most recent series of calls involve individuals posing as IRS officials demanding immediate payment for alleged delinquent taxes, said Marion County Sheriff Robert Craft. ?I strongly encourage any?one who receives a phone call from someone claiming to be from the IRS, […]

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County issues open letter to Rep. John Barker

Open letter to: Rep. John Barker State Capitol, Topeka Marion County stands in strong opposition to the tax lid enacted during the 2015 session. This legislation was never presented as a bill during the regular session, and never received a public hearing. The concept was added as a floor amendment to the tax bill in the final days of the […]

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January income tax revenue higher than one year ago

Kansas collected $8.2 million more than expected in individual income tax receipts for January?$18.7 million more than what was collected during the same month in 2014. Corporate income and sales tax receipts fell below expectations by $8.2 million and $3.9 million, respectively, pulling the monthly total in Kansas Department of Revenue Tax Collections to $6.8 million less than estimates. ?We […]

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State sales tax increase effective today, July 1

State sales tax increase effective today, July 1

Starting today, consumers will be paying for more retail goods and taxable services when they purchase them in the state of Kansas. As part of the budget package approved by the Legislature in June, the portion of sales tax going to the state of Kansas has increased from 6.15 percent to 6.50?or 35 cents more for every $100 purchase. The […]

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Five common causes for prevalent tax mistakes

Five common causes for prevalent tax mistakes

Whether you plan to file for an extension on your taxes this year, or will wait until the last minute to complete paperwork, or want a better strategy for the future, chances are you could be doing a better job throughout the year to save on income taxes, according to seasoned investment adviser Paul Taylor, a member of the National […]

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Three simple tips for those first-time taxpayers

Three simple tips for those first-time taxpayers

Unless you majored in accounting, the thought of filing your own income tax return may evoke feelings similar to your first job interview. Though understandable, this is an unfounded fear, given the simple taxes most individuals have in their early to mid-20s and the easy digital tax programs available. ?All you need to file your own tax return is a […]

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Top 10 tax facts about exemptions, and dependents

Nearly everyone can claim an exemption on their tax return. It usually lowers your taxable income. In most cases, that reduces the amount of tax you owe for the year. Here are the top 10 tax facts about exemptions to help you file your tax return as compiled by the Internal Revenue Service. 1. E-file your tax return. Filing electronically […]

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The truth about Affordable Care Act and your taxes

The truth about Affordable Care Act and your taxes

The ACA will have the biggest tax implications for those who received the Advance Premium Tax Credit?also known as a subsidy?or those who did not have health insurance coverage. There are a lot of changes to this year?s tax code?46 to be exact?as a result of the Affordable Care Act (ACA). What?s most important is to be aware if your […]

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Some historical highlights of IRS development

Ever wonder about the historical development of the Internal Revenue Service. Here?s an abbreviated timeline of the highlights. 1862: President Abraham Lincoln signed into law a revenue-raising measure to help pay for Civil War expenses. The measure created a Commissioner of Internal Revenue and the nation?s first income tax. It levied a 3 percent tax on incomes between $600 and […]

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