As tax filing season approaches, taxpayers should remember there are things they can do before the end of the year. Doing these will help people get ready for the upcoming tax filing season. Here are a few things taxpayers still have time to do this year: Donate to charity For those who plan to itemize [...]
Tax returns, like snowflakes and thumbprints are unique and individual. So too, is each taxpayer’s refund. This is something for taxpayers to remember next year when someone they know says or posts on social media about receiving a federal tax refund. Even though the IRS issues most refunds in less than 21 days, it’s possible [...]
With the holidays in full swing, taxes are probably the last thing people are thinking about right now, and that's ok. Enjoy the holiday season. But, if you have a tax issue that is nagging you and causing depression this holiday season, come in for a consultation to at least come up with a game [...]
After filing their tax return, a taxpayer will know whether they are receiving a refund. Sometimes, however, a taxpayer’s refund will be for a different amount than they expect. Here are some reasons a taxpayer’s refund might be less than they thought it would be: • Financial transactions happening late in the year can have [...]
According to the Business section of US News dated December 9, 2019, "While you don't have much choice when it comes to paying taxes, you can benefit from significant deductions that reduce the amount you owe Uncle Sam." Standard Deduction To compensate for the loss of personal exemptions, the standard deduction was nearly doubled for [...]
The Internal Revenue Service today announced that interest rates will remain the same for the calendar quarter beginning Jan. 1, 2020. The rates will be: 5% for overpayments [4% in the case of a corporation]; 2.5% for the portion of a corporate overpayment exceeding $10,000; 5% for underpayments; and 7% for large corporate underpayments. Under [...]
Adults teach their kids how to drive, balance a checkbook and cook. It’s also a good idea to teach younger users how to explore the internet with caution. All internet users should be mindful of risks people can take when they share devices, shop online and interact on social media. Teens and younger users – [...]
Knowledge and awareness. Those two things can protect taxpayers and their family members from getting caught up in a phishing scam. A phishing scam is often an unsolicited email or a website that looks like a legitimate site designed to trick users. The scams convince people into providing personal and financial information. Scam emails can [...]
The tax filing season is quickly approaching. With that in mind, taxpayers should remember there’s still time to make an estimated or additional tax payment to ensure their tax withholding is still accurate. Those who need to make an estimated tax payment for 2019 should remember that the fourth quarter payment is due Wednesday, January [...]
For many shoppers, Cyber Monday kicks off the holiday season. For some online thieves, ‘tis the season to take advantage of having so many people shop online at once. They steal shoppers’ personal information and package it as their own. Some might call this a total Grinch move. It is advised for shoppers to take [...]