HOW TO PAY MY TAXES

Go to:  www.irs.gov/payments Easy ways to pay taxes The IRS offers several payment options where taxpayers can pay immediately or arrange to pay in installments. Taxpayers should not ignore a bill from the IRS because as more time passes, interest and penalties accumulate. Here are…
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What taxpayers can do when a letter arrives this summer

Some taxpayers will receive a letter from the IRS this summer. Taxpayers should not panic and remember that they have fundamental rights when interacting with the agency.   These rights are in the Taxpayer Bill of Rights. Among other things, these rights dictate that letters…
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Here’s how taxpayers can protect themselves from scammers

Here’s how taxpayers can protect themselves from scammers Knowledge is power, especially when it comes to avoiding tax scams. Here’s what taxpayers need to know to determine whether an encounter — in person, over the phone or by email — is an imposter or an…
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Get Ready for Taxes: Plan Ahead for 2018 Filing Season to Avoid Refund Delays

  The Internal Revenue Service advised taxpayers about steps they can take now to ensure smooth processing of their 2017 tax return and avoid a delay in getting their refund next year. This is the first in a series of reminders to help taxpayers get…
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Know Your Taxpayer Bill of Rights

Every taxpayer has a set of fundamental rights and the IRS has an obligation to protect them. The “Taxpayer Bill of Rights” groups the taxpayer rights found in the tax code into 10 categories. Know these rights when interacting with the IRS. A good way to learn…
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Learn about Tax Benefits for Education

The beginning of the school year is a good time for a reminder of the tax benefits for education. These benefits can help offset qualifying education costs. Here is information about two tax credits available to those who pay higher education costs for themselves, a…
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Taxpayers Should Review Their Withholding; Avoid Having Too Much or Too Little Federal Income Tax

The Internal Revenue Service encourage taxpayers to consider checking their tax withholding, keeping in mind several factors that could affect potential refunds or taxes they may owe in 2018. Reviewing the amount of taxes withheld can help taxpayers avoid having too much or too little…
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Check Withholding Now to Avoid Surprises at Tax Time

The federal income tax is a pay-as-you-go system. Employers generally withhold tax from workers’ wages. Taxpayers also often have taxes withheld from certain other income including pensions, bonuses, commissions and gambling winnings. People who do not pay tax through withholding, like the self-employed, generally pay…
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Making the Most out of Miscellaneous Deductions

Miscellaneous deductions are tax breaks that generally don’t fit into a particular tax category.  They can help reduce taxable income and the amount of taxes owed.  For example, some employeescan deduct certain work expenses like uniforms as miscellaneous deductions.  To do that, they must itemize…
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4 Secrets to Separating Personal & Business Expenses

Regardless of the type of business you run, you should separate your personal and business expenses. Not only can this make analyzing your financial situation easier and possibly save you money on taxes, it also ensures you stay on good terms with the IRS (who…
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