Got a Big Tax Refund? Use the IRS Withholding Calculator
Monday, August 13
Got a Big Tax Refund? Use IRS Withholding Calculator to Boost Take-home Pay in 2018Taxpayers who received large refunds earlier this year may be able to get more of their money included in their paychecks during the rest of 2018 by using the Withholding Calculator on IRS.gov.According to the Inte...
IRS issues proposed regulations on 20 percent deduction for businesses
Saturday, August 11
IRS issues proposed regulations on new 20 percent deduction for pass-through businessesThe Internal Revenue Service issued proposed regulations today for a new provision allowing many owners of sole proprietorships, partnerships, trusts and S corporations to deduct 20 percent of their qualified b...
Tips for Tax Return Extension Filers
Saturday, August 11
Tips for Tax Return Extension FilersFor taxpayers who requested an extra six months to file their 2017 tax return, Monday, October 15, 2018, is the extension deadline for most taxpayers.For taxpayers who have not yet filed, here are a few tips to keep in mind about the extension deadline and taxe...
Taxpayers Now Have More Time to Challenge a Levy
Saturday, August 11
Taxpayers now have more time to challenge a levyIndividuals and businesses have additional time to file an administrative claim or bring a civil action for wrongful levy or seizure. Tax reform legislation enacted in December extended the time limit from nine months to two years.Here are some fact...
IRS offers summer tips for temporary jobs, marriage, deductions
Saturday, July 14
IRS offers summer tips for temporary jobs, marriage, deductions and creditsBefore starting a summer job, taking a vacation or sending the kids off to camp, the Internal Revenue Service wants taxpayers to know that some summertime activities may qualify for tax credits or deductions. The IRS also ...
Put Your Tax Refund to Good Use
Sunday, March 11
Put Your Tax Refund to Good UseThree-fourths of filers get a tax refund every year, with the average check weighing in at $2,895. Here are some ideas to put that money to good use:1: Pay off debt. If you have debt, part of your refund could be used to reduce or eliminate it. With high-interest cr...