Whether you receive a big refund or pay taxes on tax day, taking action now can ensure next year’s tax bill is optimized by not paying a dollar more than necessary.
Improve Next Year’s Tax Situation Now!
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Profit & Tax Blog
Don’t Let Disaster Befall Your Favorite Charity
The filing deadline for most non-profit organizations is May 15. Missing this deadline results in penalties that can devastate the organization’s budget, or worse, strip them of their non-profit status and make your donations non-tax deductible! Here’s what you can do to help them.
Reminder: First Quarter Estimated Taxes Now Due
If you have not already done so, now is the time to review your tax situation and make a 2019 estimated quarterly tax payment using Form 1040-ES. The first quarter due date is now here. Read on for points to consider.
Owe Taxes? Make Payment Arrangements Now!
If you are looking for tax-free income and more flexibility during retirement, perhaps you should look into investing in a Roth IRA. While Roth IRA contributions are not sheltered from current taxes like contributions to traditional IRAs, they offer other tax benefits during retirement.
The Tax-Free Retirement Savings Option
If you are looking for tax-free income and more flexibility during retirement, perhaps you should look into investing in a Roth IRA. While Roth IRA contributions are not sheltered from current taxes like contributions to traditional IRAs, they offer other tax benefits during retirement.
Where’s My Refund?
The popular “Where’s My Refund” feature on the IRS website allows you to see the status of your refund after filing your income tax return. Read on for what else you need to know to track your refund.
Save Those Receipts!
When it comes to taking qualified deductions on your tax return, having proper documentation to prove your expense is a must. Here are some typical areas that taxpayers often fall short, costing them plenty during tax filing season and during IRS audits.
Tax Scam Alert! Defend Yourself Now
Now is the time for tax fraud and theft. As the IRS continues to neutralize these threats, scammers are developing improved tactics to steal your identity and tax refund. Here is a recap of what the IRS is seeing this year.
Do You Need to File a Tax Return?
One of the more common tax questions is whether you need to file a federal tax return this year. The answer is: it depends. But not filing a tax return when you should can cost you plenty. Here are some quick tips to help you determine your answer.
Homeowner Alert! Review Your Tax Forms
Because of new laws many home related tax rules have changed and now require you to prove how funds are used to qualify for a deduction. So when your mortgage company reports tax-related information to you and the IRS using Form 1098, it no longer means all the interest and points reported on these statements are tax-deductible.
