The Internal Revenue Service announced that the nation’s tax season will begin as scheduled on Tuesday, January 19, 2016. The IRS will begin accepting individual electronic returns that day. The IRS will begin processing paper tax returns at the same
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4th Quarter 2015 Estimated Taxes Due
Your last 2015 quarterly estimated tax payment is due by January 15, 2016. Important: If you plan to take this payment as a deduction on your 2015 federal income tax return, you must make the payment by December 31, 2015.
October 15th Tax Filing Deadline
October 15th Deadline Final deadline to file individual tax returns (with extension). (Forms 1040, 1040A, 1040EZ.) Last day the IRS will accept an electronically filed tax return for the year 2014. If filing after October 15th, you’ll need to mail
Third Quarter Estimated Tax Payment Due September 15
The September 15th deadline for 2015 third quarter estimated tax payments is approaching. Estimated tax is the method used to pay tax on income that is not subject to withholding. This includes income from self-employment, interest, dividends, alimony, rent, gains from the
IRS Tax Scams – Don’t Be A Victim
Don’t Fall for New Tax Scam Tricks by IRS Posers Though the tax season is over, tax scammers work year-round. The IRS advises you to stay alert to protect yourself against new ways criminals pose as the IRS to trick
IRS Letters 5591 and 5596 – Premium Tax Credit
The IRS began mailing out Letter 5591 to those taxpayers who received the Advanced Premium Tax Credit (APTC) and who should have received a 1095-A, but who have not filed either a tax return including Form 8962 or an extension.
Don’t Wait Until Oct. 15 Extension Deadline to File
Oct. 15 is the last day to file 2014 tax returns for most people who requested an automatic six-month extension and avoid the late filing penalty. However, you can file any time before Oct. 15 if you have all your
Can I Claim My Expenses as Miscellaneous Itemized Deductions on Schedule A (Form 1040)?
Use the IRS Interactive Tax Assistant Tool to see if you can claim miscellaneous itemized deductions on your tax return. You may be able to deduct certain expenses related to producing or collecting taxable income. This topic addresses many of these
IRS Small Business Webinar July 14th
Register now for the July 14 webinar to learn about easy low-cost ways to start a small business retirement plan. 2pm Eastern, 11am Pacific http://www.webcaster4.com/Webcast/Page/925/9046 IRS Presenters: Gavin Chafin, Supervisory Internal Revenue Agent, Office of Employee Plans Kathy Tuite, Tax
Tax Tips for Beauty and Barber Shops
If you own a beauty or barber shop, or are self-employed, visit IRS.gov for all your tax needs. Knowing the tax rules can help your business start, grow and succeed. For example, see IRS Publication 4902, Tips for the Cosmetology