Category: Tax Focus

Be aware of identity theft when it comes to taxes

by Derek Schmidt Kansas Attorney General 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.” […]

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New GOP tax bill will change routine for some

The Tax Cuts and Jobs Act, the Republican tax plan on the brink of becoming law, could change the way over 27 million U.S. taxpayers file their taxes. Are you one of them? While the plan might not lead to the postcard-sized tax filings Republicans once touted, it will encourage more taxpayers to opt for the standard deduction. According to […]

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Beat the tax man with long-term care insurance

You may not be able to avoid taxes altogether, but wouldn’t it be great if there were a way to enhance your lifetime financial security that was also tax-advantaged? There is. Long-term care (LTC) planning using long-term care insurance offers some unique tax advantages. Premium deductibility Most self-employed business owners, partners and shareholders of corporate entities benefit from being able […]

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Building prosperity for working families at tax time

by Scott Anglemyer Kansas Center for Economic Growth Economists don’t agree on much. As George Bernard Shaw said, “If all the economists were laid end-to-end, they’d never reach a conclusion.” One of the few things that most economists agree on, however, is that the Earned Income Tax Credit is an example of smart policy. The EITC is a common-sense tax […]

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Mistakes on your tax return could lead to an audit

You’re not alone if your heart pounds when you see a letter from the Internal Revenue Service (IRS) in your mailbox. While some lucky filers get sent a letter because they’re due a larger refund, most of us fear the worst: an audit. Those fears may be largely unfounded for the average household. Only about 1 percent of taxpayers get […]

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Find overlooked tax breaks

Come mid-April, late-filing taxpayers across the country are looking for ways to lower their tax bills or increase their tax refunds. Perhaps the most effective way to do just that is to take advantage of the numerous potential tax deductions available. Though tax laws change each year and it’s always best to consult with a tax professional before making a […]

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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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