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Amending a Tax Return – Not always needed or wise

Published on July 25th, 2023

There’s usually an element of relief after your annual tax return has been filed. But what do you do if you find an error on your tax return? Should you always file an amended return? Here are some things to consider. Errors in the IRS’s favor Errors discovered that lead to an additional tax obligation […]

Pull Your Property Taxes Back Down to Earth

Published on July 6th, 2023

Higher property tax bills have accompanied the rising market values of homes over the past several years. If your property taxes have reached the stratosphere, here are some tips to knock them back down to earth. What is happening Property taxes typically lag the market. In bad times, the value of your home goes down, […]

Common Tax Questions

Published on July 5th, 2023

During tax season, there are a number of areas that generate questions. Here are five of the most common and their answers. But like most things, there can be exceptions, so if in doubt always ask for help. Are my miles earned on my credit card taxable? Taxation of any extras you earn with a credit […]

Riney Hancock Announces Steve Mudd’s Retirement

Published on July 3rd, 2023

Effective July 1, 2023, Steven C. Mudd, CPA, will be retiring from his active role as a Shareholder with Riney Hancock CPAs. He will continue to do consulting for the firm. Steve joined Riney Hancock CPAs in 2000, and has served as Shareholder in-charge of the Evansville office, and Director of Business Development for the […]

Tax Tips for Those Getting Married

Published on June 30th, 2023

If you recently got married, plan to get married, or know someone taking the matrimonial plunge, here are some important tax tips every new bride and groom should know. Notify Social Security. Notify the Social Security Administration (SSA) of any name changes by filling out Form SS-5. The IRS matches names with the SSA and […]

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