Do you know that if you sell your home and make a profit, the gain may not be taxable? That’s just one key tax rule that you should know. Here are ten facts to keep in mind if you sell
Category: Tax Tips
Five Tips for New Business Owners
One key to success in starting a new business is to know about your federal tax obligations such as income taxes and payroll taxes. Below are five basic tax tips that can help get your business off to a good
2nd Quarter 2014 Estimated Taxes Due June 16
Tips on Making Estimated Tax Payments If you don’t have taxes withheld from your pay, or you don’t have enough tax withheld, then you may need to make estimated tax payments. If you’re self-employed you normally have to pay your
May 15th Filing Deadline for Exempt Organizations
The IRS has a few important reminders as the May 15 filing deadline for many tax-exempt organizations fast approaches. Make sure you file Form 990 if you are required to file. Filing the form is very important for many groups
Tax Recordkeeping Tips
Resources Recordkeeping for Tax Purposes Guide (pdf) Small Business Recordkeeping Publication 583, Starting a Business and Keeping Records Basic records are documents that everybody should keep. Although the Internal Revenue Service (IRS) doesn’t require you to keep your records in
IRA Contributions and Taxes
Top Tips on Making IRA Contributions If you made IRA contributions or you’re thinking of making them, you may have questions about IRAs and your taxes. Here are some important tips from the IRS about saving for retirement using an
Need More Time to File Taxes?
These are some tips to help you request more time to file or if you need to make a payment to the Internal Revenue Service (IRS). Tuesday, April 15, 2014 is the deadline to timely file your personal income tax
Taxes and Early Retirement Withdrawals
Taking money out early from your retirement plan may trigger an additional tax. You will receive Form 1099-R from your plan administrator. Here are six things from the IRS that you should know about early withdrawals from retirement plans: An
Unemployment Benefits
If you lose your job or your employer lays you off, you may be able to get unemployment benefits. The payments may be a welcomed relief. But you should know that they are taxable. Here are five important facts from
Is Social Security Taxable?
Some people must pay taxes on part of their Social Security benefits. Others find that their benefits aren’t taxable. If you get Social Security, here is information to help you determine if some of your benefits are taxable. Here are