Set an alarm on your phone, write on your notepad or put an “x” on your calendar. Like most taxpayers, you may be rushing to claim your prior year refunds. If you remember that you have a 2016 refund waiting for you, you’re not too late. Read below to find out if you can still […]
Important upcoming deadlines you need to know. Tax season is a stressful time for some taxpayers. However, knowing each tax deadline will give you a heads up so you know how to stay on top of your game. For all the 2019 tax deadlines that are left, take a look at the list of due […]
The new tax season brought in a lot of changes, and your job expenses are one of them. If you’ve noticed on your tax returns that you can’t deduct your W-2 job expenses for 2018, you’re partially correct. Unfortunately, not everyone can claim their out-of-pocket job expenses. Here’s the breakdown. Eligibility The new tax laws […]
The IRS can’t directly accept credit card payments due to tax laws. However, they can accept payments through a third-party processor. For example, online tax preparation companies are third-party processors since they are designated by a merchant to handle transactions for merchant acquiring banks. They can then assist you in making your credit card payment […]
Filing your first tax return is a bit like doing your laundry. You don’t want to do it. You’d prefer someone just did it for you. But if you don’t do it, you know there will be consequences. Unlike laundry, you’ll need to do a bit more sorting, as in sorting through of all those […]
Taxes take a big bite out of your income, but that bite gets bigger with the addition of late filing penalties. How much bigger? It depends on what you’re late on, and how late you are. For example, there are penalties for late filing, not paying at all, and both can be combined. Here are […]
Sign up with your email to receive latest updates.