Home/Individual Income Tax

Direct Deposit for Coronavirus Stimulus ($1200) Checks

By |2020-04-10T17:43:38-04:00April 10th, 2020|Coronavirus, Individual Income Tax|

Link to Original Article: https://www.irs.gov/coronavirus/non-filers-enter-payment-info-here  Who is eligible for the Economic Impact Payment? U.S. citizens or resident aliens who: Have a valid Social Security number, Could not be claimed as a dependent of another taxpayer, and Had adjusted gross income under certain limits. Who will receive the Economic Impact Payment [...]

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Financial Resources for Everyone during Coronavirus Pandemic

By |2020-03-31T08:01:07-04:00March 26th, 2020|Coronavirus, Corporate Income Tax, Employees, Employees & Independent Contractors, Employers, Individual Income Tax, Payroll, Penalties and Interest, Retirement, Tax Payments|

At AFSG, we know that the novel coronavirus (COVID-19) has not spared anyone. Individuals, families, small businesses, gig-workers, sole-proprietors, employers... Everyone has been impacted by this pandemic. Finding the most current information has been tough. We will try to keep this webpage as up to date as possible with FACTS, [...]

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Tax Day now July 15th- regardless of amount owed

By |2020-03-21T13:12:13-04:00March 21st, 2020|Coronavirus, Corporate Income Tax, Individual Income Tax, News Articles, Tax Payments|

Issue Number: IR-2020-58 Source: IRS.gov Tax Day now July 15: Treasury, IRS extend filing deadline and federal tax payments regardless of amount owed WASHINGTON – The Treasury Department and Internal Revenue Service announced today that the federal income tax filing due date is automatically extended from April 15, 2020, to [...]

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Payment options available for those who owe

By |2020-03-05T15:15:24-05:00March 5th, 2020|Individual Income Tax, Penalties and Interest, Tax Payments|

IRS Issue Number:    IR-2020-48 Tax Time Guide: Payment options available for those who owe WASHINGTON — The Internal Revenue Service today reminded taxpayers that if they need to make a tax payment or owe and can’t pay, the IRS offers several options. This news release is part of a series of [...]

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These summer actions might benefit taxpayers who itemize

By |2019-08-01T10:50:45-04:00August 1st, 2019|First Time Home Buyers, Home Owners, Individual Income Tax, Tax Payments|

Summer is a season when people have fun, yet get things done. From buying a new house to cleaning their old one, taxpayers who itemize their deductions may be doing things this summer that will affect the tax returns they file next year. The higher standard deduction means fewer taxpayers [...]

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Year-round tax planning includes reviewing eligibility for credits and deductions

By |2019-07-29T10:10:56-04:00July 29th, 2019|Affordable Care / ObamaCare, Earned Income Tax Credit, Energy Efficeincy, Individual Income Tax, Students and Education, Tax Cuts & Jobs Act, Vehicle Tax Credits|

Tax credits and deductions can mean more money in a taxpayer’s pocket. Most people only think about this when they file their tax return. However, thinking about it now can help make filing easier next year. This tip is one in a series about tax planning. These tips focus on [...]

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Tax planning includes determining filing status

By |2019-07-24T20:00:10-04:00July 24th, 2019|Individual Income Tax, Parents and Children|

Single or married? Kids or no kids? These are just a couple of questions that will help someone determine their tax filing status. Taxpayers usually only think about their filing status when filing their returns. However, this is something to think about all year, especially if it changes.   This [...]

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Are you paying in enough taxes for 2019?

By |2019-06-10T12:25:02-04:00June 10th, 2019|Employees, Employees & Independent Contractors, Individual Income Tax, Tax Payments|

Source: IRS.gov All taxpayers should check their withholding ASAP All taxpayers should check their withholding – also known as doing a Paycheck Checkup – as soon as possible. They should do a checkup even if they did one last year. By checking their withholding, taxpayers can make sure enough is [...]

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Taxpayers must report health care coverage on 2018 tax return

By |2019-03-07T16:27:39-05:00March 11th, 2019|Health Care Reform, Individual Income Tax|

IRS.gov  -  Tax Reform Tax Tip 2019-20 As taxpayers are completing their 2018 tax returns this year, they must complete the lines related to health care. For tax year 2018, the IRS will not consider a return complete and accurate if individuals do not do one of the following on [...]

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