Seven Things to Do When an IRS Letter Arrives
Thursday, November 16
Seven Things to Do When an IRS Letter ArrivesThe IRS mails millions of letters to taxpayers every year for many reasons. Here are seven simple suggestions on how individuals can handle a letter or notice from the IRS: 1. Don’t panic. Simply responding will take care of most IRS letters and...
Five Facts about Charitable Contributions
Wednesday, November 15
Five Facts about Charitable ContributionsWith the holidays around the corner, many people will be making donations to benefit charitable organizations. However, come tax time, the person who made the donation might also benefit. That’s because taxpayers who donate to a charity may be able to clai...
Participating in the Sharing Economy Can Affect Taxes
Wednesday, November 08
Participating in the Sharing Economy Can Affect TaxesIn 2017, many taxpayers use their phones and computers to provide services and sell goods. This includes the use of sites and apps to rent a home to travelers, sell crafts, or to provide car rides. Taxpayers who do this may be involved in the s...
Five Things to Know about Estimated Taxes and Withholding
Thursday, November 02
Five Things to Know about Estimated Taxes and WithholdingWith 10 million taxpayers a year facing estimated tax penalties, the IRS offers some simple tips to help prevent a surprise at tax time.People pay taxes on income through withholding on their paycheck or through estimated tax payments. Taxp...
Four Things to Know about Taxes and Starting a Business
Wednesday, November 01
Four Things to Know about Taxes and Starting a BusinessNew business owners have tax-related things to do before launching their companies. Here are some items to consider before scheduling a ribbon-cutting event.Choose a business structureWhen starting a business, an owner must decide what type ...
For Tax Year 2016, IRS E-File Closes on November 18th
Tuesday, October 31
For Tax Year 2016, E-File Closes on November 18th; After That, Disaster Victims, Others Need to File on PaperWASHINGTON —The Internal Revenue Service today reminded people, including those in disaster areas, who want to file a 2016 tax return electronically to do so by Saturday, Nov. 18, 2017. Fi...