The Tax Cuts and Jobs Act of 2017 was the biggest tax overhaul in two decades and its impacts on individual taxpayers are wide-ranging. Here’s how the Tax Reform bill will affect your credits and deductions. Child tax credits The Tax Reform increased the maximum credit and the...
Just because it’s summer vacation, it doesn’t mean you should stop thinking about your taxes. Many of your summer activities -- taking a summer job or hiring a seasonal employee, going on vacation, sending the kids to camp -- could impact how much you owe...
Local tax professional, IRS are two good places to look for tax planning help Tax Day seems like it’s a long way away, but like Christmas, it will be here before you know it. That means it’s always the right time to ask for help in tax planning to...
Small business tax advice for owners The last thing most small business owners want to do is worry about their taxes. To help lessen that worry, the IRS recently shared a few tips and resources available for small business owners to make sure they are getting all the...
In light of the Tax Cuts and Jobs Act, the Internal Revenue Service recommends two-income families, as well as individuals with more than one job, check their paychecks with the Withholding Calculator. The Tax Cuts and Jobs Act, passed in December 2017, makes significant changes to...
Small business tax advice for owners The last thing most small business owners want to do is worry about their taxes. To help lessen that worry, the IRS recently shared a few tips and resources available for small business owners to make sure they are getting all...
The recent changes to the U.S. tax code may have impacted how much you will need to pay the Federal Government in taxes. To help you figure out the correct number of exemptions for you to use, the IRS encourages everyone to use the Withholding...
Time is over to file your taxes before the April 17 deadline. Below is information you will need if you look to file for an extension in the future. The IRS recommends finding and filing Form 4868 (Application for Automatic Extension of Time to File U.S. Individual...
In some situations, the IRS can make understanding taxes easier, like the Taxpayer Bill of Rights. Every taxpayer in the United States has a fundamental set of rights and the IRS has a set of obligations to protect those inalienable rights and taxpayers should be aware of them when...
As Americans, we have basic rights when filing taxes and dealing with the IRS thanks to the Taxpayer Bill of Rights. The document takes the existing rights in the nation’s tax code and groups them into 10 categories making them easier to understand and use. Here...