The Internal Revenue Service (IRS) has finally released an updated Withholding Calculator which reflects changes under the new tax law. You can find the new withholding calculator on the IRS website. “The tool will help taxpayers determine whether they should update
Category: Tax Forms
2017 Business Tax Return Due Dates
Tax Return Due Dates for Business Types Taxpayers should be aware of the following dates and deadlines that pertain to their business.
2018 Tax Reform – Tax Law Changes
On December 22, 2017 the President signed into law H.R. 1 (officially titled ‘An Act to Provide for Reconciliation Pursuant to Titles II and V of the Concurrent Resolution on the Budget for Fiscal Year 2018’). The legislation was originally
March 15 Filing Deadline for Partnerships and S Corp Returns
The filing deadline for calendar year partnerships and S corporations is March 15, 2017. These returns must be filed (e-filed or postmarked) by midnight (local time) on March 15, 2017. Fiscal year returns will be due the 15th day of the
Need a Tax Transcript or IP PIN
At this time of the year, some tax payers are seeking their Identity Protection PINs or are in need of a tax transcript. For inquiries about IP PIN and transcripts, use the online service options on IRS.gov:
Missing a W2 Form?
What to Do if You’re Missing a W2 Most people get their W-2 forms by the end of January. Form W-2, Wage and Tax Statement, shows your income and the taxes withheld from your pay for the year. You need
What Deduction Should You Take – Itemized or Standard?
Itemize or Choose the Standard Deduction Most taxpayers claim the standard deduction when they file their federal tax return. However, some filers may be able to lower their tax bill by itemizing. Find out which way saves the most money
February Challenge – Tax Filing Time!
Get Your Taxes Done in 3 Simple Steps We all know filing taxes isn’t fun for most of us. That’s why TACCT Taxes is here to provide your tax preparation needs. It’s not complicated to get prepared for your tax
Tax Documents You’ll Need to File Your Tax Return
Tax Documents Due Date By law, employers have until January 31st (or the next business day if it’s a weekend or holiday) to send you their annual tax statements such as W2s, 1099-INT etc. Many taxpayers have opted to receive
Self-Employed Tax Tips
Tax Tips for the Self-Employed Prior to tax planning, you must understand the difference between a self-employed individual and one who works full-time. You should also know that self-employed professionals do not get taxes deducted from their pay.