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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What to Know About Health Coverage Information Statements You May Receive in 2017

Many individuals will receive ACA information statements from their employer or coverage provider by early March in 2017 about their 2016 health insurance coverage: Form 1095-B, Health Coverage Form 1095-C, Employer-Health Insurance Offer and Coverage   Here is information about these forms: 1095-B Sent to Individuals who…
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Five Reasons to Choose Direct Deposit

Easy, safe and fast — that’s direct deposit. It’s the best way to get a tax refund. Eighty percent of taxpayers choose it every year. The IRS knows taxpayers have a choice of how to receive their refunds. IRS Direct Deposit: Is Fast.The quickest way for…
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IRS Face-To-Face Help Now By Appointment

Tax Preparedness As the tax filing season approaches, the Internal Revenue Service reminds taxpayers that an appointment is required for in-person tax help at all IRS Taxpayer Assistance Centers (TAC). IRS TACs continue to be a vital part of the service IRS provides when a…
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