Have you hit your standard deduction threshold yet? If not, you still have a few options to help create a lower tax bill for the 2017 tax season. One way is to donate stock you’ve held for more than a year to a charity. You
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Be honest – you’ve thought about what it’d be like to win the lottery. What you might not have considered is the amount you’d actually end up with once you collect your winnings. After factoring in how much you spent on your lottery tickets, plus
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One of several identity theft scams IRS Commissioner John A. Koskinen spoke about at a recent IRS Nationwide Tax Forum is a client email hack scam. This happens when a thief uses a taxpayer’s email address to send an email to a tax preparer with
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Cutting business costs is no easy task. Fortunately, there are a few ways you can save money before you consider more severe cost-saving measures. Take a look at these four options.
Don’t leave it up to chance – check your 2017 tax withholdings while you still have some time to make changes. You can use the withholding calculator on the IRS website to see if you are paying too much or not enough. To make a
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Fourth-quarter interest rates will stay the same. Those rates include: 4 percent for overpayments (3 percent for corporations), 1.5 percent for the portion of a corporate overpayment over $10,000, 4 percent for underpayments and 6 percent for large corporation underpayments.
If an IRS agent makes an in-person visit to your home or business and it feels a little off, ask for credentials. All real IRS agents should carry two forms of identification showing that they’re legit – a personal identity verification card and a pocket
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So you’ve been contacted by the IRS — or you’re worried you will be. Find out the first steps you should take to be prepared if you’re audited.
Pets are family – and sometimes business. If you own an animal that has a specific role in your business (like a guard dog or a cat that keeps pests away), you may be able to deduct the cost of your pet on your tax
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Some of the most common tax return errors come from name mistakes. Your name has to match the information on file with the Social Security Administration (SSA). So if you recently married or divorced but haven’t changed your name with the SSA, you’ll need to
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