Updated for tax year 2019.
When you start a new job as an employee, your new employer typically asks you to complete Form W-4, Employee Withholding Certificate.
This document is a one-page Internal Revenue Service (IRS) form. It tells your em…
Because the Internal Revenue Service (IRS) doesn’t automatically send out periodic account statements, it’s easy to wonder about the status of your account. True, you’ll get letters from the IRS if you have overdue amounts from a past year, or if the I…
If you receive a letter this year from the IRS, don’t be alarmed. After every tax season, the agency sends out a variety of notices to taxpayers. Not every letter means there’s an impending audit coming your way.
Many of the notices…
For the majority of tax filers, tax season is over. April 15 marked the last day to submit your return – unless you filed an extension. So, how’d the season go? Below is an industry-wide recap plus a little tax filing myth-busting insight.
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It’s important to stay on top of the tax deadlines to avoid possible penalties and interest charges for late filing and payment of taxes. Getting behind on tax filing obligations can be stressful, too. It’s better to file early or on time, so you can s…
If you’re traditionally employed, you’re likely familiar with Form W-4. It’s the tax form used to select how much money you want to be withheld from your paychecks to pay your tax liability. If you don’t keep up with your tax payments throughout the ye…
The last day to file your 2018 tax return is April 15, 2019.
If you’ve procrastinated on completing your taxes for the year, don’t push it off any longer. Here’s why you should not wait until the last minute to start.
Avoid th…
There may be some areas of life in which you can avoid a problem, and it gets better or goes away.
Unfortunately, owing a big tax bill to the IRS is not one of them. In fact, the more you ignore your taxes, the worse they get.
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Let’s say you filed your tax return, and the IRS owes you a refund, which usually occurs because you had excess tax withheld from your pay. You’d like to know when you can expect to receive that lump sum. Is there a way to find out?
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If you count on getting a tax refund every year when you file your return, you may be worried about recent reports that tax refunds are lower than usual this year. With all the changes as a result of the Tax Cuts and Jobs Act of 2017, there is a lot mo…
