Taxes

INCOME TAX DEADLINE EXTENDED

Below is a release from the IRS on Friday, March 20, 2020 regarding the filing deadline for FEDERAL income taxes. Tax Day now July 15: Treasury, IRS extend filing deadline and federal tax payments regardless of amount owed The Treasury Department and IRS announced that the federal income tax filing due date is automatically extended from […]

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How to Get Your Income Tax Refund Faster

We are in the midst of tax season and if you haven’t started to think about your returns, you should begin to do so.  E-filing is the best way to file your return as long as it has been prepared electronically using either software or one of the free filing services. If you are lucky […]

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Getting an Income Tax Refund

If you haven’t already completed and filed your income taxes, you are getting items together to do so.  You anticipate a refund, so why not get your taxes done and get the refund?  Even though the IRS issues most refunds in less than 21 days, it’s possible a taxpayer’s refund may take longer. Several factors […]

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Receive Your Federal Tax Refund Faster

The tax season is officially upon us and if you anticipate receiving a refund, you want to get that refund as quickly as possible.  The best way to receive your refund is to have it directly deposited into your checking or savings account. It is simple, safe and secure and can be deposited into as […]

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Why Do I Have To Pay Taxes?

HAPPY NEW YEAR! Thoughts of a new year also bring thoughts of taxes.  So much for the festive holidays when we begin to think about taxes.  So, why do we have to pay taxes?  Some may claim taxes are illegal.  False and misleading statements and advice may be heard.  However, if you look at the […]

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Individuals with Significant Tax Debt Should Act Promptly to Avoid Revocation of Passports

The Internal Revenue Service today urged taxpayers to resolve their significant tax debts to avoid putting their passports in jeopardy. They should contact the IRS now to avoid delays in their travel plans later. Under the Fixing America’s Surface Transportation (FAST) Act, the IRS notifies the State Department (State) of taxpayers certified as owing a […]

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Do You Need To Amend Your Income Tax Return?

Just when you have finally put last year’s tax returns away, you get a piece of mail that requires you to revisit your return and possibly amend the same.  Don’t panic.  It’s not as bad as you think.  You may have received a notice that the IRS changed a calculation on your return.  If you […]

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Tax Scams Aren’t Seasonal

One might think that since April 15 has passed, so has the season for tax scams. Think again. There is no season for tax scams. They occur 365 days a year.  The IRS has reported a couple of new variations of tax-related scams.  They call one of them the SSN HUSTLE.  In this scam, the […]

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Here’s What Taxpayers Should Know if They Get a Notice From the IRS

Certain taxpayers might get a letter from the IRS this year. It’s called an IRS Notice CP 2000. It gives detailed information about issues the IRS identified. The IRS sends this notice when information from a third party doesn’t match the information the taxpayer reported on their tax return. The notice also provides steps taxpayers […]

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Are You Thinking of Selling Your Home?

You think about it but are concerned about a large capital gain if you have owned your home for several years.  You don’t want all of the profit to be spent in paying capital gains’ tax.  Do not fear.  There is good news for sellers.  When you file your income taxes for the year of […]

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