Coronavirus Related College Grants

Students won’t be taxed on coronavirus-related grants they receive from colleges and universities under the CARES Act. The law allows schools to use federal stimulus funds they get to award emergency financial aid grants to their undergraduate and graduate students facing urgent financial needs resulting from the COVID-19 pandemic or shuttered colleges and universities. These Read more about Coronavirus Related College Grants[…]

Tax Info Update: NE Tax Credit For Volunteer Firefighters & EMTs

Refundable Individual Income Tax Credit for Volunteer Emergency Responders (LB 886 – Operative for taxable years beginning or deemed to begin on or after January 1, 2017) Beginning with tax year 2017, qualified active volunteer emergency responders, rescue squad members, and firefighters receive a refundable income tax credit equal to $250 beginning with the second taxable year in which the Read more about Tax Info Update: NE Tax Credit For Volunteer Firefighters & EMTs[…]

Verifying the Status of Charitable Organizations

Did you know that not all donations qualify as tax deductible?  In order to be deductible, the organization receiving the donation must have specific status with the IRS.  To insure that a group asking for your donation actually qualifies, stop by  The website has a full list of charities eligible to receive tax-deductible contributions.  Read more about Verifying the Status of Charitable Organizations[…]

Form 2290

The new Form 2290, Heavy Highway Vehicle Use Tax Return, is now available.  Please note, that the form is due November 30, 2011.  You may follow our link to the Internal Revenue Service website to download the form.  Please feel free to contact the office if you have any questions, or need further assistance.