/Individual Income Tax

Did you file an Extension?

By |2018-08-30T10:44:59+00:00August 30th, 2018|Individual Income Tax, Penalties and Interest, Tax Payments|

Source: IRS.govSix things for extension filers to remember Oct. 15 is almost here, and it’s the last day to file for most people who requested an automatic six-month extension for their 2017 tax returns. These taxpayers should remember that they can file any time before Oct. 15 if they have [...]

Recent changes to moving, mileage and travel expenses

By |2018-06-12T01:38:02+00:00June 12th, 2018|Individual Income Tax, News Articles, Tax Cuts & Jobs Act|

source: IRS.govThe Tax Cuts and Jobs Act includes changes to moving, mileage and travel expenses: Move-related vehicle expense The new law suspends the deduction for tax years beginning after Dec. 31, 2017, through Jan. 1, 2026. During the suspension, no deduction is allowed for use of an auto as part [...]

Tips for Taxpayers Who Have to Amend a Tax Return

By |2018-04-25T09:57:37+00:00April 25th, 2018|Individual Income Tax, Penalties and Interest, Tax Payments|

Source: IRS.govTaxpayers who discover they made mistakes or omissions on their tax return can correct them by filing an amended tax return. Those who need to amend should remember these tips: File using paper form. Use Form 1040X, Amended U.S. Individual Income Tax Return, to correct the tax return. Taxpayers [...]

40 million tax returns due today

By |2018-04-17T04:22:09+00:00April 17th, 2018|Individual Income Tax|

Source: IRS.govNearly 40 million to file by April 17 WASHINGTON – As the April 17 tax filing deadline approaches, the Internal Revenue Service is reminding the nearly 40 million taxpayers who have yet to file their tax returns that there are a variety of options to help them in the [...]

Are you withholding the correct amount on your W-2 for 2018?

By |2018-04-13T12:11:20+00:00April 13th, 2018|Employees, Employees & Independent Contractors, Employers, Individual Income Tax, Payroll, Tax Cuts & Jobs Act, Tax Payments|

source: IRS.govNewly-revised estimated tax form and publication can help people pay the right amount IR-2018-93, April 13, 2018 WASHINGTON – With tax reform bringing major changes for the year ahead, the Internal Revenue Service today reminded the many self-employed individuals, retirees, investors and others who need to pay their taxes [...]

Taxpayers Abroad, in Combat Zones and Disaster Areas Qualify for Automatic Tax Extension

By |2017-04-14T11:52:04+00:00April 14th, 2017|Individual Income Tax, News Articles, Tax Payments|

Source: IRS.gov WASHINGTON — Even though April 18 is the tax-filing deadline for most people, some taxpayers in special situations qualify for more time without having to ask for it, according to the Internal Revenue Service. Taxpayers in Presidentially-declared disaster areas, members of the military serving in a combat zone [...]

Top Ten Adoption Tax Credit Facts to Consider

By |2017-03-25T14:06:03+00:00March 25th, 2017|Individual Income Tax, Parents and Children|

source: IRS.gov Taxpayers who have adopted or tried to adopt a child in 2016 may qualify for a tax credit. Here are ten important things about the adoption credit: The Credit. The credit is nonrefundable, which may reduce taxes owed to zero. If the credit exceeds the tax owed, there [...]