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Category Archives: Blog
Millions more ITINs (Tax ID) set to expire in 2019
Millions more ITINs set to expire in 2019; IRS says renew early to prevent refund delays WASHINGTON — Nearly 2 million Individual Taxpayer Identification Numbers (ITINs) are set to expire at the end of 2019 as the Internal Revenue Service...
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IRS reminder: Get tax withholding right; do a Paycheck Checkup at...
Get tax withholding right; do a Paycheck Checkup at least once every year The Internal Revenue Service today (June 11, 2019) urged taxpayers to review their 2019 tax withholding using the IRS Withholding...
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Amended tax return
What you need to know about filing an amended tax return You’ve filed your federal tax return and now discovered you’ve made a mistake. What should you do? You can fix the errors by filing an amended tax return. Here are a few tips that...
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Don’t wait — schedule estimated and other tax payments in advance
Don’t wait — schedule estimated and other tax payments in advance You can pay your 2019 estimated tax payments electronically anytime before the end of the tax year. Most people make estimated tax payments in equal amounts by the...
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Who Must Pay Estimated Tax
Who Must Pay Estimated Tax Taxes must be paid as you earn or receive income during the year, either through withholding or estimated tax payments. If the amount of income tax withheld from your salary or pension is not enough, or if you receive...
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Doing a ‘Paycheck Checkup’ is a good idea for workers with...
WASHINGTON — The Internal Revenue Service urges taxpayers who work multiple jobs or who may be adding summer employment to complete a Paycheck Checkup. Doing so will help them check if they are having the right amount of tax withheld from their...
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Many tax-exempt organizations have until May 15 to file information returns;...
IR-2019-90, May 7, 2019 — The Internal Revenue Service reminded certain tax-exempt organizations that Wednesday, May 15, 2019, is the filing deadline for Form 990-series information...
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Alimony
Old Rule The individual paying alimony or maintenance payments can deduct payments from their income. The person receiving the payments includes them as income. New Rule (Effective Jan. 1, 2019) The person making alimony or maintenance...
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U.S. Treasury Eliminates Tax Penalties for Taxpayers Confused About Withholding – posted...
Due to tax withholding confusion related to Tax Reform, the U.S. Treasury is cutting tax penalties for taxpayers who did not have enough tax withheld throughout 2018 via paycheck withholding or estimated tax payments. This applies to taxpayers who...
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New requirement applies to any business seeking a tax ID number;...
EINs and responsible parties Beginning May 13, 2019 only individuals with tax identification numbers – either a Social Security number (SSN) or an individual taxpayer identification number (ITIN) – may request an employer identification...
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