Texas Tax Advice: Tips To Save Tax Money

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DFW Tax Prep: Top Ten Tax Tips For 2018 To Help Your Small Business

A major tax bill has been passed. In the years ahead many Americans will be paying more than before, while many others will pay less. People in both camps will still want to minimize any sums they pay, so here are some tax tips to help many taxpayers lower their bills.Note that many of these actions can be taken throughout … Read More

The Most Important Taxpayer Rights to Know

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DFW CPA Tax Accountant - Business Tax Services | Williams & Kunkel CPA

Most of you probably know that breaking tax rules, even if on accident, can bring serious consequences like an audit, but you should know your important taxpayer rights as well. Below we’re outlining what your rights are in case you run into a problem with the IRS.  Important Taxpayer Rights The Taxpayer Bill of Rights, which the IRS adopted in 2014, … Read More

Some IRS Changes for 2017

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DFW CPA: Lower Taxes For Small Business This Year

If you’re a business owner, don’t forget about the date January 31, 2017, the new due date for filing forms W-2. Under a new law, the Protecting Americans from Tax Hikes (PATH) Act, enacted last December, the new filing deadline for employers to submit forms W-2 to the Social Security Administration, is January 31. The new January 31 filing deadline also … Read More

IRS Tips for Hurricane Preparedness

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DFW CPA Tax Accountant - Business Tax Services | Williams & Kunkel CPA

As Hurricane Matthew looms off the Southeastern US coast, the IRS is offering some advice for protecting financial documents and information. In the case of a federally declared disaster, the IRS operates a toll-free number – (866) 562-5227 – staffed by IRS employees specially trained to deal with hurricane disasters. Other tips include: Emergency plan. Have one for homes and … Read More

Tips for Education Tax Benefits

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education tax credits

Income tax season is here. College students and their families should learn about available education tax benefits that can help lower their education costs. On average, families spend $24,000 a year on college. However, just over a third take advantage of federal tax credits and deductions to help make college more affordable. The benefits have changing rules and limitations, and … Read More

Military Members Tax Tips

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military member tax tips

Joining the military means changing your life. Frequent moves, new skills, and overseas deployments all come with the job description. Even taxes change for members of the Armed Forces. That’s why we’re providing military members tax tips. Over the years, the government has created a number of provisions and perks intended to make life for military members less hard on … Read More

5 Freelance Tax Tips

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small business challenges

Self-employed workers may have difficulty filing their taxes every year. These workers need to pay taxes on their income in addition to whatever self-employment taxes they might have. However, there are many self-employed tax tips that can help them reduce their tax burdens. Whether workers are fully self-employed or doing freelance work, there are costs in working without a boss … Read More

The Future of the IRS

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IRS questions and answers

The IRS is developing a “Future State” plan that it says will transform the way the service interacts with taxpayers. Many parts of the plan may ease the processing of filing returns, the issuing of refunds, and the identification and resolution of problems. But the Tax Advocate Service – an independent part of the IRS that defends and assists taxpayers – warns … Read More

Is Your Social Security Taxable?

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post-tax season money tips

Are your social security benefits taxable income? Social security benefits include monthly retirement, survivor, and disability benefits. If you received Social security benefits in 2015, you should receive a Form SSA-1099, Social Security Benefit Statement, which will show the amount. If Social Security was your only source of income in 2015, your benefits might not be taxable. You also may … Read More