Federal Tax Returns
August 28, 2015
The requirements to obtain an ITIN (Individual Taxpayer Identification Number) have been updated and strengthened by the IRS. An ITIN is a tax ID number that’s only available to taxpayers who are not eligible to get a Social Security...
August 27, 2015
Everyone must pay taxes on the income they receive during the year, whether it is from a job, self-employment, or other sources. The IRS expects to receive tax payments as your income is earned...
August 26, 2015
This article gives you the tax rates and related numbers that you will need to prepare your 2015 income tax return. In general, 2015 individual tax returns are due by April 15, 2016.
If you are looking for 2014 tax rates, you can find them...
August 24, 2015
There are a variety of reasons why you may need to get in touch with the IRS. You may want to contact the IRS if you need to help with responding to an IRS notice, resolving a tax dispute,...
August 21, 2015
When tax time comes around, inevitably there are people who are not able to pay everything they owe.
Although the IRS always prefers that you find a way to pay your taxes in full, circumstances can sometimes prevent that from happening. If...
August 20, 2015
The Federal income tax is based on a “pay-as-you-go” system. There are 2 ways to pay as you go: withholding tax or estimated tax. This article discusses withholding tax (also...
August 19, 2015
A change in life circumstances, whether good or bad, can affect your tax return.
Here are some instances where you will need to reevaluate your tax situation:Job Changes
If you lose your job, you should be aware that unemployment...
August 6, 2015
Health Savings Accounts (HSAs) are designed to help individuals offset the health care costs associated with High Deductible Health Plans (HDHPs).
An HSA is defined as “a tax-exempt trust or custodial account you set up with a qualified...
August 5, 2015
A wedding is a joyous occasion – but with marriage comes a host of new tax considerations.
Whether you are soon-to-be-married or newly married, you should take the time to review your tax situation as a couple. There are a number of steps...
July 31, 2015
If you owe more taxes than you can afford to pay right now, the IRS offers payment arrangement options. However, it is important to understand that regardless of your reason for paying taxes late, the IRS will charge interest and penalties for...