Your taxes are prepared, you have received the unfortunate news that you owe taxes, BUT you are not able to pay your taxes in full. What should you do? This year, more so than any other previous years, the IRS anticipates that most taxpayers will be affected by major tax law changes. While many will […]
Your taxes are prepared and OUCH – you owe. Were you aware that there are several payment options available where taxpayers can pay immediately or arrange to pay in installments? Taxpayers can pay online, by phone, or with their mobile device and the IRS2Go app. Taxpayers should pay in full whenever possible to avoid interest […]
Tax season is in full swing and you may find a need to contact the Internal Revenue Service about your filing. If so, you will be asked to verify your identity when calling. So, what will be needed to verify your identity? Here is list of information which may be needed: Social Security numbers and […]
A couple of weeks ago we talked about resources to help in preparing your return. If you haven’t prepared your return, here are a few additional tips from the IRS to help you choose a preparer: Check the Preparer’s Qualifications. People can use the IRS Directory of Federal Tax Return Preparers with Credentials and Select […]
For over a year we have been hearing about the December 2017 Tax reform legislation. But, how does it affect you? The IRS has attempted to provide resources to enable you to find answers to your questions by visiting IRS.gov. Here is a reprint from an IRS blast that lists several of the resources that […]
We are now beyond February 15 when income tax information was to have been sent out. If you haven’t already prepared your return, here are some tips to help ease the process: Did you know that there is an IRS webpage called the Get Ready page that includes steps to take. Check it out on […]
Below is a notice published by the IRS with regard to the upcoming Presidents Day holiday and the increased calls with the IRS and what you might be able to find online to answer your questions. Hope it helps. IRS: Avoid the rush over Presidents Day holiday; online tools, resources can help WASHINGTON — With […]
Are you lucky enough to be receiving a refund for overpayment of income taxes? Here are some tips from the IRS on receiving that refund quicker. For a faster refund, choose e-file Electronically filing a tax return is the most accurate way to prepare and file. Errors delay refunds and the easiest way to avoid […]
You may notice several of the following items that may affect your individual income tax return: A change in the tax rates which should result in most people paying less tax during the year. However, the increase in the standard deduction, suspension of personal exemptions, an increase in the child tax credit and the limiting […]
Tax season is upon us and we have begun to receive those pieces of mail marked “Tax Information – Important”. So now what? Here are some suggestions to help ease the stress of tax season. Where do we start? The best place to start is to find a copy of last year’s return. Even if […]
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