October 2, 2015
The Additional Medicare Tax was implemented in late 2013 as part of the Affordable Care Act (ACA). Starting in tax year 2013, you may be required to pay an Additional Medicare Tax (on top...
September 2, 2015
The Alternative Minimum Tax (AMT) is basically an income tax system that runs parallel to the regular income tax. For taxpayers with higher incomes, be...
August 31, 2015
If you receive tips as part of your job, it’s important to realize that all tips are considered income and are subject to Federal income tax.
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 17, 2015
If you owe taxes to the IRS, it is important to know the correct address to send your money. Sending your tax payments to the wrong IRS address could result in delayed processing...
July 2, 2015
A tax lien is a claim against property that the government uses to protect its interests in tax debt. The IRS will place a lien against your property only after it has sent you a bill and you have not paid it. Being hit with a tax lien is a...
June 15, 2015
This is the IRS’ general tax calendar, which includes all the 2015 deadlines that most taxpayers will need to know.
NOTE: If you file your taxes based on the fiscal year (instead of the calendar year), some of these dates will be...
June 4, 2015
Every year, the IRS sends millions of letters and notices to taxpayers for various reasons. There are many different types of notices issued by the IRS — depending on the notice you receive, you may have a range of options for responding.IRS...
April 27, 2015
In order to determine how much income tax you owe, you will first need to prepare your tax return. You have until April 15th to file and pay your individual income tax. If you miss the deadline, you...