The Internal Revenue Service today launched the new Tax Withholding Estimator, an expanded, mobile-friendly online tool designed to make it easier for everyone to have the right amount of tax withheld during the year. The Tax Withholding Estimator replaces the Withholding Calculator, which offered workers a convenient online method for checking […]
Every tax professional in the United States — whether a member of a major accounting firm or an owner of a one-person storefront — is a potential target for highly sophisticated, well-funded and technologically adept cybercriminals around the world. Their objective: to steal your clients’ data so they can file […]
Protect Your Clients; Protect Yourself
The Internal Revenue Service reminds taxpayers looking to maximize their tax savings before the end of the year to consider charitable giving. Many taxpayers may already be planning on doing so for #GivingTuesday on Nov. 28. Giving money or goods to a tax-exempt charity before Dec. 31 can usually be […]
Get Ready for Taxes: Donations May Cut Tax Bills
Uniforms/Work clothes. You can deduct the cost and cleaning costs for your uniforms. Be sure to ask your tax preparer for this deduction!! For more info, see Miscellaneous Deductions.
Tax Tip of the Day!! #1
If you pay someone to prepare your tax return, the IRS urges you to choose that preparer wisely. Taxpayers are legally responsible for what’s on their tax return even if it is prepared by someone else. So, it is important to choose carefully when hiring an individual or firm to […]
Choosing a Tax Return Preparer
As the holidays approach, the Internal Revenue Service today reminded taxpayers to remember that a new law requires the IRS to hold refunds until mid-February in 2018 for people claiming the Earned Income Tax Credit or the Additional Child Tax Credit. In addition, new identity theft and refund fraud safeguards […]