Tips On Filing Your Tax Return
Generally, individual tax returns are due on the 15th day of the fourth month after the close of your tax year. Since virtually all individual taxpayers file on
Moving Deductions are Kaput
Prior to the passage of tax reform, individuals who moved as the result of a job change or job relocation could deduct their unreimbursed moving expenses if the
Making Estimated Tax Payments
The tax system is intended to be a âpay-as-you-goâ system, and the only way to prepay taxes is through withholding and estimated taxes. Generally, payroll c
You Could Have An Unpleasant Surprise At Tax Time
A major concern for 2018 is whether taxpayers are having enough withheld from their paychecks. Watch video to learn more.
Is Your Individual Taxpayer Identification Number Expiring?
The IRS recently announced that approximately 2.7 million Individual Taxpayer Identification Numbers (ITINs) will be expiring at the end of 2018 and will need t
The Most Common Accounting Mistakes Small Business Owners Make and How to Avoid Them
Most small business owners are an expert in their field, but not necessarily in the accounting aspects of building a business. And, with this comes a few common
Why Am I Being Audited by the IRS?
With the 2018 filing season currently behind us, notices have started to appear in mailboxes. While the IRS letterhead strikes fear into the hearts of most Amer
Is an Inheritance Taxable?
A frequent question is whether inheritances are taxable. This is a frequently misunderstood question related to taxation and can be complicated. When someone pa
How Long Should You Hold On To Old Tax Records?
This is a common question: How long must taxpayers keep copies of their tax returns and supporting documents?
Taxpayers Find Gift Tax Reporting Confusing
Gift taxes were created to prevent wealthy taxpayers from transferring their estates to their beneficiaries via gifts and thus avoid estate taxes when they pass