You don’t want to play chicken with the Internal Revenue Service. Tax season is over, and the vast majority of taxpayers have filed their returns and paid any outstanding taxes they owed. But for a significant number of people, payingRead more →
The Volunteer Income Tax Assistance (VITA) program offers free tax help to people who generally make $55,000 or less, persons with disabilities and limited English speaking taxpayers who need assistance in preparing their own tax returns. IRS-certified volunteers provide free basic income tax return preparation with electronic filing to qualified individuals.Read more →
No one wants a visit from the Internal Revenue Service. But if you get too generous with your calculations, you may need to back up your tax return.Read more →
Required minimum distributions are a bane of retirement for many Americans. The concept puzzles many people, and the rules can be complicated. The result is that many people fail to take their required minimum distributions (RMDs) or they take the wrong amount. The IRS noticed this a few years ago and decided to change the information reported to it and how it is analyzed so it can better identify people who don’t take the correct RMDs.Read more →
What You Need to Do If You Plan to Travel Abroad and Have Unpaid Federal Taxes WRITTEN BY: Rosenberg Martin Greenberg LLP Last week, the Internal Revenue Service (“IRS”) published another friendly reminder that it was recently vested with theRead more →
It’s not your imagination: It really is a different kind of tax season. It’s so different that the National Taxpayers Union Foundation (NTUF), a nonpartisan research and educational organization, is calling on Congress to extend the filing season. by Kelly PhillipsRead more →
Most Americans end up getting a tax refund each year, but if you underpay your taxes, whether intentionally or not, you’ll wind up in the opposite scenario — owing the IRS money. This is especially likely to happen if you earned a lot of secondary income from a side job or investments.Read more →
This year will be a particularly challenging tax season as a result of the tax overhaul which affects 2018 taxes. Crabb Tax Services has added a series of videos to help you better understand some of the changes. Some of our videos are specific to certain life and business circumstances which affect your tax situation.Read more →
“To me, the best personal finance podcasts give useful, actionable advice,” said Kevin Goldberg, founder of Discover Pods. “There are too many out there that simply give canned obvious suggestions that aren’t worth your time to listen to.”Read more →
This is turning out to be a difficult year for a lot of taxpayers.
Major tax law changes that took effect last year are impacting people’s beloved refunds. The Internal Revenue Service reported that, as of Feb. 1, refunds are down 8.4 percent. The average refund was $1,865, compared with $2,035 for the same period a year ago.Read more →
If you tend to procrastinate about filing your tax return, this is not the year to dawdle.
Usually everyone is fixated on April 15, when federal tax returns are typically due. But this tax season, Feb. 15 is the looming date on your calendar. That’s the day when the temporary funding ends for the federal agencies that were shut down for more than a monthRead more →