News / General Business

The New Tax Forms You Need To Know

Source: forbes.com - Feb 13, 2020

Now that tax season has kicked in, prepare for some pretty big changes on your 2019 tax forms. You may even wind up filling out a new version of the 1040 specifically for people 65 and older. And... Read more >

Category: General Business

I always dread tax season, but my credit card's year-end summary helps me stay organized and maximize deductions

Source: businessinsider.com - Feb 5, 2020

I regret that taxes weren't a required class in high school or college. Given all the complicated laws — and the fact that it's something we all have to deal with in one way or another — it's... Read more >

Category: General Business

Neva Butkus: Earned Income Tax credit is good for Louisiana families, economy

Source: shreveporttimes.com - Feb 5, 2020

As Louisiana families begin filing their income tax returns, many will see a little extra money in their state refunds. That’s because the state Legislature, as part of the 2018 tax compromise,... Read more >

Category: General Business

Nervous about the size of your tax refund? You're not alone

Source: freep.com - Feb 5, 2020

Sure, many people absolutely dread the thought of facing yet another tax season. Who wants to catalog all those charitable contributions? And dig for every last receipt? And waste time heading to a... Read more >

Category: General Business

Democratic candidates’ proposed wealth, income taxes: who has the lowest and highest tax plan?

Source: inquirer.com - Feb 5, 2020

If a Democrat wins the White House in November, what happens to our taxes? Short answer: The only leading candidate who might succeed in passing a wealth tax is former Vice President Joe Biden,... Read more >

Category: General Business

Court convicts and bans former owner of tax business from working as tax preparer

Source: wbrz.com - Feb 4, 2020

BATON ROUGE – At the request of the Louisiana Department of Revenue (LDR), a New Orleans judge barred the former owner of a chain of tax preparation businesses, who'd been convicted of... Read more >

Category: General Business

Savvy senior: What are the 2020 income tax filing requirements for retirees?

Source: dailypress.com - Feb 4, 2020

Dear Savvy Senior, What are the IRS income tax filing requirements for seniors this year? I didn’t file a tax return last year because my 2018 income was below the filing requirements, but I got... Read more >

Category: General Business

Full List of the College Tax Credits and Deductions Available

Source: studentloanhero.com - Feb 4, 2020

A college education is expensive, but there is a silver lining: Certain tax credits and deductions for tuition and fees can help reduce the cost. According to Student Loan Hero, 2018 college... Read more >

Category: General Business

These tax breaks are back for 2020 — and it could mean a bigger refund

Source: freep.com - Jan 29, 2020

Just how eager you are to file your 2019 tax return — the Internal Revenue Service begins accepting returns Jan. 27 — depends on a lot of things. Did you get socked with a bigger tax bill... Read more >

Category: General Business

3 Tax Deductions That Could Save You Thousands in 2020

Source: fool.com - Jan 29, 2020

The Tax Cuts and Jobs Act was the most sweeping overhaul to the United States tax code in three decades. In addition to lowering the tax bills for the majority of Americans, the tax reform bill... Read more >

Category: General Business

What Tax Credits Can I Qualify For This Year? A Guide

Source: nerdwallet.com - Jan 29, 2020

Tax credits are the gold nuggets of the tax world. Qualifying for one feels better than finding $100 in your pants pocket. Here’s a brief look at how some of the most common ones work — maybe... Read more >

Category: General Business

‘Taxpayers are leaving millions of dollars off their returns.’ Why Americans repeatedly overlook this lucrative tax credit

Source: marketwatch.com - Jan 24, 2020

The Earned Income Tax Credit is designed to act as a cash infusion to low-income families. In fact, some experts have called it “one of the largest and most studied antipoverty programs in the... Read more >

Category: General Business

Latest tax scam holds your info for ransom. Here's how to spot it and other fraud

Source: freep.com - Jan 24, 2020

Most of us find it nerve-racking enough that we're forced to focus on gathering our piles of paperwork to fill out our tax returns. Now adding to our stress, we must watch out for tax season scam... Read more >

Category: General Business

Advice I made a profit on my home sale. What taxes are due?

Source: nj.com - Jan 24, 2020

Q. I have been a resident of Florida for the past 16 years and have just sold a two-family family house in New Jersey. Do I need to file anything other than an A3128 for a refund? We did make a... Read more >

Category: General Business

Looking for a Late Tax Deduction?

Source: money.usnews.com - Jan 22, 2020

Now that January is solidly underway, many investors are starting to prepare their tax return paperwork. At the very least, many are reviewing their finances from the past year and trying to figure... Read more >

Category: General Business