Refund Data The Tax Cuts and Jobs Act (TCJA), passed in December 2017, enacted a number of broad changes: It introduced new tax brackets, included an expanded child care credit and changed the way itemized deductions are factored in, etc. As
Author: TACCT
Good News for Taxpayers Who Under-Withheld
The Internal Revenue Service warned taxpayers to check their income tax withholding for almost all of 2018 due to how the Tax Cuts and Jobs Act (TCJA) affected tax brackets. Despite these warnings, it started to look like many taxpayers
Early Filers Alert!- Know whether you should file early
Tax filing season officially starts on Monday, Jan. 28. With the new rules and uncertainty around the shutdown, it’s more important than ever to get your tax records organized early. If any of the following situations pertain to you, consider
Sharing Economy IRS Tax Center
If you use one of the many online platforms available to rent a spare bedroom, provide car rides, or to connect and provide a number of other goods or services, you’re involved in what is sometimes called the sharing economy.
Caution! Watch For Incoming Tax Forms- Tax forms are arriving. Time to be prepared!
Tax forms come in more varieties than flavors of ice cream. Nearly any time something of value changes hands, there’s a specific tax form available to capture it for posterity. Check out the list below to familiarize yourself with some
Reminder: Business Owners – File W2, W3, and 1099 Forms by January 31
Reminder: Don’t forget January 31, 2019 is the deadline to file your information returns to avoid the late filing penalty. Also, distribute the forms to the recipients so they can file their tax returns. These forms must be submitted to the
Be Prepared – Client Tax Organizers
Be prepared. Create a folder or envelope where you will store your tax information as you receive it. This helps prevent lost paperwork, or scrambling to find your documents when you’re ready to file taxes. If you receive online documents, do
Reminder: Fourth Quarter Estimated Taxes Due – Now is the time to make your estimated tax payment
If you have not already done so, now is the time to review your tax situation and make an estimated quarterly tax payment using Form 1040-ES. The 2018 fourth-quarter due date is now here. Normal due date: Tuesday, January 15,
Reminder: 2018 Tax Changes for Individuals
The Tax Cuts and Jobs Act of 2017 (TCJA) eliminated or modified numerous tax provisions starting in 2018. Here’s what individuals and families need to know as they get ready for tax season.
7 Ways to Prevent Elder Tax and Financial Abuse
Tax season is right around the corner and as it ramps up, so do the efforts of scam artists looking to steal people’s financial data and money. These scam artists often target older adults. Whether you’re in this age bracket