Don’t Toss Those Tax Records Yet!
Tax News, Tax Tips, TaxesArticle Highlights:
Reasons to Keep Records
Statute of Limitations
Maintaining Record of Asset Basis
Even though the 2017 tax due date has come and gone, and even though you have filed your 2017 tax return, you may still need…
How to Understand Common IRS Tax Terms
Tax Tips, TaxesArticle Highlights
Filing status
Adjusted gross income (AGI)
Taxable income
Marginal tax rate.
Alternative minimum tax (AMT)
Tax Credits
Underpayment of estimated tax penalty
When discussing taxes, reading tax related…
Tax Filing Deadline Rapidly Approaching
Tax News, Tax Tips, TaxesHighlights:
2017 balance due payments
IRA contributions for 2017
Estimated tax payments for first quarter 2018
Statute of limitation 2018 refunds
Just a reminder that the due date for 2017 tax returns is April 17, 2018! There…
Got student loans? Don't make this major tax mistake
Tax Tips, TaxesArticle by Anna Bahney | Found on CNN
If you've been paying off student loans, don't make the mistake of filing your taxes without getting a deduction on the interest you've paid on your loans.
"If you're paying 4% [interest] on your loans…
Living Abroad? Here Is How Tax Reform May Affect You
Tax News, Tax Tips, TaxesIf you are an expatriate living abroad, you may be wondering how the provisions of the Tax Cuts and Jobs Act (TCJA) will impact you. This is the most extensive tax change in over 30 years, and although it was touted as tax simplification when…
Can’t Pay Your Taxes by the April Due Date?
Tax News, Tax Tips, TaxesArticle Highlights:
What to Do If You Can’t Pay
Loans
Credit Card Payments
IRS Installment Agreements
Retirement Funds
If you aren’t one of those lucky Americans who gets a tax refund from the IRS you might be wondering…
Where Do You Fall In The Tax Pecking Order?
Tax Tips, TaxesArticle Highlights:
2015 Overall Filing Statistics
Statistics by Adjusted Gross Income
Percentile Table
Ever wonder where your income puts you in comparison with the rest of the U.S. taxpayers? Each year the Internal Revenue Service…
Checking Your Federal Refund Status Is Easy
Tax TipsArticle Highlights
24/7 Access
Quick Posting
Direct Deposit
Necessary Information
If you have already filed your federal tax return and are due to receive a refund, you can check the status of your refund online.
Where’s…
Tax deductions vs. Tax credits: A guide for simplifying your tax filing experience
Tax Tips, TaxesArticle Featured on CNN Money
If the thought of filing your taxes gives you heart palpitations and sweaty palms, fear not.
Yes, taxes can be complicated. But the more you understand, the smoother the process will go.
Familiarizing yourself…
Personal Casualty Losses Axed by the New Tax Law
Tax News, Tax TipsArticle Highlights:
Casualty Losses
Deduction Suspension
Disaster Related Casualty Losses
Insurance Coverage
Note: The is one of a series of articles explaining how the various tax changes in the GOP’s Tax Cuts & Jobs…