Tags » Tax Filing

Tax Tips for Members of the Military

Special tax benefits apply to members of the U. S. Armed Forces. For example, some types of pay are not taxable, and special rules may apply to some tax deductions, credits, and deadlines. 737 more words

Tax Planning

Start Planning Now for Next Year's Taxes

You may be tempted to forget about your taxes once you’ve filed your tax return, but did you know that if you start your tax planning now, you may be able to avoid a tax surprise when you file next year? 553 more words

Tax Planning

Tax Due Dates for July 2016

July 11

Employees Who Work for Tips – If you received $20 or more in tips during June, report them to your employer. You can use Form 4070. 342 more words

Tax Planning

The Stubborn Problem of Identity Theft Tax Refund Fraud (podcast)

The Internal Revenue Service estimates that it paid out more than $3 billion in identity theft tax refund fraud in 2014—i.e., fraudsters using stolen identities to file taxes in someone else’s name, collecting tax refunds, and then disappearing. 72 more words

Podcast

What to do if you get a Letter from the IRS

Each year, the IRS mails millions of notices and letters to taxpayers for a variety of reasons. If you receive correspondence from the IRS here’s what to do: 463 more words

Tax Filing

IRS to Delay Tax Refunds in 2017

The IRS has informed tax professionals of a new law that will be in force in 2017 for the filing season for 2016 tax returns. The new law will require the IRS to hold all tax returns that include refunds including Earned Income Tax Credit and Additional Child Tax Credits, until February 15th. 69 more words

News

What is the Additional Medicare Tax?

Some taxpayers may be required to pay an Additional Medicare Tax if their income exceeds certain limits. Here are some things that you should know about this tax: 556 more words

Tax Planning