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IRS Tax Tip 2019-31, March 27, 2019 This is the first tip in a two-part summary of the rights granted to all taxpayers. Every taxpayer has rights when dealing with the IRS. The Taxpayer Bill of Rights takes these rights from the tax code and groups them into 10 categories. To help taxpayers interacting with the IRS …
Taxpayer Bill of Rights outlines rights for all taxpayers Read More »
IRS Tax Tip 2019-30, March 26, 2019 All individual taxpayers and families should claim tax credits for which they are eligible. Tax credits can not only reduce the amount of taxes owed, but some can result in a tax refund. The earned income tax credit is such a credit. It benefits millions of taxpayers by putting more …
Spread the word about a tax credit that helps millions of Americans Read More »
Tax Tip 2019-29, March 25, 2019 As the April filing deadline approaches, IRS reminds taxpayers that Form 1040 has been redesigned for tax year 2018. The revised form consolidates Forms 1040, 1040-A and 1040-EZ into one form that all individual taxpayers will use to file their 2018 federal income tax return. Forms 1040-A and 1040-EZ …
IRS Tax Reform Tax Tip 2019-28, March 21, 2019 Tax law changes in the Tax Cuts and Jobs Act affect almost everyone who itemized deductions on tax returns they filed in previous years.. One of these changes is that TCJA nearly doubled the standard deduction for most taxpayers. This means that many individuals may find it more …
Tax reform brought significant changes to itemized deductions Read More »
IRS Tax Reform Tax Tip 2019-27, March 20, 2019 Major tax law changes affect every taxpayer filing a 2018 tax return this year. To help taxpayers understand these changes, the IRS created several resources that are available on IRS.gov. Here’s a quick overview of key changes with a link to more information on IRS.gov: Tax …
Here’s a quick overview of tax reform changes and where taxpayers can find more info Read More »
IRS Tax Tip 2019-26, March 19, 2019 The IRS provides Tax Information for Members of the Military to help them meet their unique tax obligations. Here are some topics that affect current and former military personnel, along with resources where they can go to find more information. Military status A taxpayer’s military status affects their eligibility for …
IRS has resources to help military personnel and veterans understand taxes Read More »
IRS Tax Tip 2019-25, March 18, 2019 Before visiting an IRS Taxpayer Assistance Center for in-person help with their tax issues, a taxpayer needs to call 844-545-5640to schedule an appointment. All TACs provide service by appointment. The Contact Your Local Office tool on IRS.gov helps taxpayers find the closest IRS TAC, the days and hours of operation and …
Before visiting an IRS office, taxpayers should call to make an appointment Read More »
IRS Tax Tip 2019-24, March 14, 2019 The tax filing season is a busy time for taxpayers, but scammers also stay busy. Taxpayers should be aware of several types of tax scams, but phone scams start to increase during the beginning of tax season and then remain active throughout the remainder of the year. Here’s how …
IRS Tax Reform Tax Tip 2019-23, March 13, 2019 Taxpayers who pay quarterly estimated tax payments may want to revisit the amount they pay. The Tax Cuts and Jobs Act changed the way most taxpayers calculate their tax. These taxpayers include those with substantial income not subject to withholding, such as small business owners and …
Business taxpayers should take another look at their estimated tax payments Read More »
IRS Tax Tip 2019-22, March 12, 2019 To protect their offices and clients, many tax preparers hire a cybersecurity professional. Every tax business is unique, so preparers should discuss their specific concerns with someone they hire. This will help safeguard both the preparer’s business and their clients’ data. Here are some things preparers should do when …
Tax Preparers can protect their clients by hiring a cybersecurity pro Read More »