Get Ready for Taxes

Get 2018 tax documents ready for upcoming filing season The IRS reminds taxpayers to keep a copy of their past tax returns and supporting documents for at least three years. Certain key information from their prior year return may be required to file in 2019.…
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Taxpayers who have an ITIN set to expire should renew it ASAP

Taxpayers with expiring Individual Taxpayer Identification Numbers should submit their renewal applications as soon as possible. Failing to renew them by the end of this year will cause refund and processing delays in 2019. ITINs are used by people who have tax filing requirements under…
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Not too early: Here are steps taxpayers can take now to get ready to file their taxes in 2019

The IRS reminds taxpayers there are steps they can take now to make sure their tax filing experience goes smoothly next year. Taking these steps will also help them avoid surprises when they file next year. To help get people the information they need, the…
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Changed accounting methods for small businesses

The Tax Cuts and Jobs Act — better known simply as tax reform — allows more small business taxpayers to use the cash method of accounting. The new law defines a small business taxpayer as a taxpayer who has average annual gross receipts of $25 million or…
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Tax reform affects if and how taxpayers itemize their deductions

  Tax reform that affects both individuals and businesses was enacted in December 2017. It’s commonly referred to as the Tax Cuts and Jobs Act, TCJA or simply tax reform. In addition to nearly doubling standard deductions, TCJA changed several itemized deductions that can be…
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Get Ready for 2019 tax filing season

Get Ready for Taxes: Learn how the new tax law affects tax returns next year The Internal Revenue Service advised taxpayers about steps they can take now to ensure smooth processing of their 2018 tax return and avoid surprises when they file next year. This is…
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Business owners can claim a qualified business income deduction

Eligible taxpayers may now deduct up to 20 percent of certain business income from domestic businesses operated as sole proprietorships or through partnerships, S corporations, trusts, and estates.  The deduction may also be claimed on certain dividends.  Eligible taxpayers can claim the deduction for the…
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How tax reform affects backup withholding

Newly revised publication helps taxpayers understand changes to backup withholding The IRS urges taxpayers who make payments or receive payments to check out Publication 1281, Backup Withholding for Missing and Incorrect Name/TIN(s). The newly revised publication helps taxpayers understand how tax reform affects backup withholding. Backup…
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Tax Scams

The IRS warns taxpayers about an increasing number of tax scams in communities across the country. For even more information go to IRS.gov and type “scam” in the search box. Click here watch the video
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IRS urges taxpayers to check withholding now to avoid tax surprises later

 Spotlights special tools during week of Aug. 13 to help people overlooking major changes With the year more than halfway over, the Internal Revenue Service urges taxpayers who haven’t yet done a “Paycheck Checkup” to take a few minutes to see if they are having…
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