Hampton Tax and Financial Services
Sunday, January 28
Hampton Tax and Financial Services, LLC is a comprehensive financial services firm where you can get assistance with all of your financial needs. We provide financial planning, tax return preparation, tax planning and business consulting services.We provide the following services:Individual Tax R...
Best Way to Avoid an Audit: Preparation
Sunday, January 28
Best Way to Avoid an Audit: PreparationGetting audited by the IRS is no fun. Some taxpayers are selected for random audits every year, but the chances of that happening to you are very small. You are much more likely to fall under the IRS's gaze if you make one of several common mistakes.That mea...
Tax Season Begins. How to know whether you should file early.
Saturday, January 27
Tax Season Begins. How to know whether you should file early. Start your engines! Tax filing season officially begins on Monday, Jan. 29. Not many people file that early, but for some taxpayers it makes sense to do so. Here are common reasons to consider trying to be at the head of the line. You...
The IRS Releases New Income Tax Withholding Tables
Saturday, January 27
Paycheck Withholdings Changing NowThe IRS released new income tax withholding tables that reflect the changes to the tax bracket structure in the Tax Cuts and Jobs Act (TCJA) passed in late December. Employers will have until Feb. 15 to update their payroll systems to reflect the new changes, and...
IRS Implementing Passport Procedures for Taxpayers with Delinquencies
Friday, January 19
IRS to Start Implementing Passport ProceduresTaxpayers with delinquent tax debt at riskTaxpayers who are seriously behind on their taxes should consider paying what they owe or enter into a payment agreement with the IRS to avoid putting their passports in jeopardy. This month, the IRS will begin...
IRS sending out letters to taxpayers for their Identity Protection PIN
Friday, January 19
Identity Protection PIN (IP PIN)IRS sending out letters to taxpayersThis past week, taxpayers began receiving letters that contain their IP PIN to be used when filing their 2017 tax returns. An IP PIN is a six-digit number assigned to eligible taxpayers that helps prevent the misuse of their Soci...