Tax Tips

Tool helps donors research tax-exempt organizations

IRS Tax Tip 2019-42, April 16, 2019 Before dontating to a charity, taxpayers often want to research the organization. The IRS has a tool that lets people access information about charities and other tax-exempt organizations fast and easily. The Tax Exempt Organization Search is available anytime on IRS.gov. Here are some things taxpayers will find when they …

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Here’s how taxpayers can file an extension for more time to file their federal taxes

IRS Tax Tip 2019-41, April 15, 2019 Taxpayers needing more time to file their taxes can get an automatic six-month extension from the IRS. For most taxpayers, this year’s tax-filing deadline is today, April 15. Taxpayers who live in Maine or Massachusetts have until April 17, 2019 to file their returns. This is because of …

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Here’s what people should know about taking early withdrawals from retirement plans

IRS Tax Tip 2019-36, April 4, 2019 Taxpayers may need to take money out of their individual retirement account or retirement plan early. However, this can trigger an additional tax on top of other income tax they may owe. Here are a few key things for taxpayers to know: Early withdrawals. An early withdrawal normally is …

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