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The IRS offers easy and convenient options to make federal tax payments
Anyone who needs to pay their federal tax bill has several ways to send a payment to IRS quickly and securely. Knowing the options to make…
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Tax Update
Here’s who tax pros should contact if their business suffers a data theft or loss
Tax professionals are big targets of skilled cybercriminals scamming to get access to sensitive client information. Sometimes, no matter how careful and prepared a tax pro…
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Tax Update
From markers to face masks, classroom supplies may be tax deductible.
Teachers go above and beyond for their students, often buying classroom supplies needed to make learning successful. The educator expense deduction allows eligible teachers and administrators…
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Tax Tip
Tax Update
ABLE Accounts – Tax Benefit for People with Disabilities
The Achieving a Better Life Experience (ABLE) Act of 2014 allows states to create tax-advantaged savings programs for eligible people with disabilities (designated beneficiaries). Funds from…
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Tax Tip
ABLE accounts can help people with disabilities pay for disability-related expenses
People with disabilities can use an Achieving a Better Life Experience or ABLE account to help pay qualified disability-related expenses. This tax-advantaged savings account doesn’t affect their eligibility…
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Tax Tip
Tax Update
File soon; don’t wait for the Oct. 17 extension deadline
Taxpayers who missed the April tax deadline can still file electronically using Free File or other free options. They can also limit late-payment penalties and interest…
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Tax Update
Companies who promise to eliminate tax debt sometimes leave taxpayers high and dry
As the old saying goes: When something sounds too good to be true, it probably is. Taxpayers with outstanding tax bills might be tempted by businesses…
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Some tax considerations for people who are separating or divorcing
When people go through a legal separation or divorce, the change in their relationship status also affects their tax situation. The IRS considers a couple married…
Tax Update
What taxpayers need to know about making 2022 estimated tax payments
By law, everyone must pay tax as they earn income. Generally taxpayers must pay at least 90 percent of their taxes throughout the year through withholding,…
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Why it may take longer than 21 days for some taxpayers to receive their federal refund
The IRS issues most refunds in fewer than 21 days for taxpayers who file electronically and choose direct deposit. However, some returns have errors or need…
