IRS encourages people to do an end-of-summer tax checkup to avoid tax surprises next year
The Internal Revenue Service today encouraged taxpayers to consider using the end of the summer to make tax withholding or payment updates to avoid a potential surprise next year at tax time.
Read More Year-round tax planning pointers for taxpayers
Here are some simple things taxpayers can do throughout the year to make filing season less stressful.
Read More Tax basics for setting up a business
Starting a new business can seem overwhelming for new entrepreneurs or even seasoned professionals. The IRS has resources to help new business owners understand the tax responsibilities of running a business.
Read More Don’t fall for these federal tax refund myths
This tip dispels some federal tax refund myths that many people believe are fact, but they are pure fiction
Read More Manufacturers and Models for New Qualified Clean Vehicles Purchased in 2023 or After
Qualified Manufacturers of the vehicles listed below have indicated that the vehicles are currently eligible for a credit provided other requirements are met.
Read More Good Recordkeeping Year-round Helps Taxpayers Avoid Tax Time Frustration
By knowing what they need to keep and how long to keep it, people can develop a good recordkeeping system year-round and make filing their return easier.
Read More Seniors Can Reduce Their Tax Burden by Donating to Charity Through Their IRA
In most cases, distributions from a traditional Individual Retirement Account are taxable in the year the account owner receives them but there are some exceptions. A qualified charitable distribution is one of the few exceptions.
Read More What business owners need to do when closing their doors for good
There are a few things business owners need to do before they close their business. A major one being they need to fulfill their federal tax responsibilities.
Read More Worker Classification 101: employee or independent contractor
Whether a worker is an independent contractor, or an employee depends on the relationship between the worker and the business.
Read More Year-round tax planning: All taxpayers should understand eligibility for credits and deductions
All taxpayers should begin planning now to take advantage of the credits and deductions they are eligible for when they file their 2022 federal income tax return
Read More For those who pay estimated taxes, second quarter June 15 deadline approaches
This means taxpayers need to pay most of the tax they expect to owe during the year, as income is received.
Read More Plan Now to Take Advantage of Tax Benefits for 2022
Take advantage of the enhanced 100% deduction for business meals and other tax benefits available when filing your 2022 tax return.
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