The end of December is a great time to look into tax saving strategies that will save thousands of dollars when you file for 2019 taxes next year. This post will explain 4 simple tax saving strategies that any crypto holder can execute with a simple click of a button […]
Economic impact payments became a focal point for many Americans throughout the coronavirus pandemic, but some people may now be realizing they still have not yet received their 2019 tax refund from the IRS. In a statement issued this week, the tax agency said certain services – including processing paper […]
Tax season is starting off with a whimper, as 1 in 5 people predict they will owe the IRS this tax season. Those were the findings from a recent survey by NerdWallet. The personal finance website polled 2,002 adults online from Nov. 18 through Nov. 20, 2019. Taxpayers who think they’ll owe […]
If you waited more than a month for the IRS to process your tax return and get a refund last year, you’re in good company. While the IRS prevented $2.7 billion in refunds from being issued to fraudsters between Jan. 1 and Sept. 30, 2019, more than a few legitimate […]
Prince Harry and Meghan Markle are getting closer to severing financial ties with the Royal Family, but there’s one entity that will always be part of the picture: the IRS. The Duke and Duchess of Sussex announced earlier this month that they would “step back” as senior members of the royal family […]
Make 2020 the year you nail your taxes: The IRS has released the final version of its new tax withholding form. The new Form W-4 goes into effect for 2020. Employees use it to tailor the amount of income tax that’s withheld from their paychecks. The document reflects changes from the Tax Cuts and […]
WASHINGTON — The Internal Revenue Service issued final regulations and proposed regulations today on the base erosion and anti-abuse tax. The Tax Cuts and Jobs Act (TCJA) made major changes to the tax law including revamping the U.S. international tax system. Among other changes made by the TCJA, section 59A imposes a tax equal […]
CPA Dan Herron didn’t want to be the bearer of bad news, yet there he was explaining to a couple why they owed the federal government approximately $10,000 in taxes on their 2018 return. “They were used to paying around $1,100,” the San Luis Obispo, California-based accountant said. The couple […]
With every iOS update, I become increasingly convinced that the platform has outgrown Apple’s ability to managed it. More and more new features get pushed back, the platform is positively riddled with bugs, and little regard is given to usability. While I don’t have the time or inclination to list […]
Before the calendar flips to 2020, you might want to see if there are some moves you can make to take advantage of the tax breaks for medical expenses. Experts say it’s worth exploring, as the cost of health care continues its upward climb. The U.S. spent about $3.5 trillion […]