April 15 might be the least popular day of the year for many of us. Taxes are due and, especially with the drastic changes in the tax code, many people just aren’t ready yet. If you’re among them, it’s possible to get an extension, but it’s important to follow the right steps. If you’re expecting a refund this year, you might … Read More
Dallas Tax Accountant: How You Can Settle Your IRS Debt
If you have a big tax bill that you can’t pay, life seems pretty bleak. While the number of tax liens annually filed by the IRS against taxpayers has dropped by more than 50 percent since 2010, there were more than 14 million open tax-debt cases against individuals and businesses heading into 2018, according to the IRS data book. Despite … Read More
Texas Tax Advice: Tips To Save Tax Money
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
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
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
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
Is Filing a Tax Extension Right for You?
The tax deadline is just around the corner. Maybe you’re overwhelmed at work or you misplaced the W-2 that your employer sent you weeks ago. Whatever the reason, it looks like you might not make the looming April 18 due date and filing a tax extension may be the right thing for you. It’s alright! The good news is that … Read More
Tips for Education Tax Benefits
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
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
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
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