News
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Germany Pushes Forward on European Financial Transactions Tax
Source: wsj.com - Jan 9, 2020 Germany, France, Italy and seven other countries are moving forward with a plan to impose a joint financial transaction tax on stock trading, an effort that has proved elusive in Europe. Under a... Read more > Category: General Business |
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The IRS is clear about when you have to pay taxes on your side gig: Once you make $400
Source: businessinsider.com - Jan 9, 2020 The gig economy is integral to millions of Americans' livelihood, and the IRS is itching to take its share. On Thursday, the government agency launched the Gig Economy Tax Center on its website,... Read more > Category: General Business |
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Tax season brings wave of dangerous tax scams
Source: foxnews.com - Jan 9, 2020 As tax season approaches, scams are back in full force. Tax scams can be some of the most devastating for consumers, Alex Guirakhoo, strategy and research analyst at cybersecurity services company... Read more > Category: General Business |
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Rules and Qualifications for Claiming a Tax Dependent
Source: nerdwallet.com - Jan 8, 2020 A tax dependent is a child or relative whose characteristics and relationship to you entitle you to claim certain tax deductions and credits, such as head of household filing status, the Child Tax... Read more > Category: General Business |
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Why Is My Tax Refund Delayed?
Source: smartasset.com - Jan 8, 2020 ax season can be stressful but the saving grace is that many tax filers will receive a refund. In past years, about 75% of filers receives refunds after filing their federal income tax returns.... Read more > Category: General Business |
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Potential SALT Deduction Changes: What Taxpayers Need to Know
Source: fool.com - Jan 8, 2020 Property taxes are an unavoidable expense when you own a home, but the good news is that you can deduct that cost on your tax return if you itemize. But depending on where you live, you may not get... Read more > Category: General Business |
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The Student Loan Forgiveness Tax Bomb
Source: forbes.com - Jan 7, 2020 Drowning in student loan debt isn’t fun, and that’s especially true when you realize there are so few ways to dig yourself out. You can pay off your loans the hard way, forking over a... Read more > Category: General Business |
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Form 1040-SR: Should You Use It for Your 2019 Tax Return?
Source: fool.com - Jan 7, 2020 One of the biggest changes that taxpayers faced last year as a result of tax reform was a new 1040 tax form. The IRS eliminated the popular 1040-EZ and 1040A short forms, requiring everyone to use... Read more > Category: General Business |
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IRS Announces Start Date For The New Tax Filing Season
Source: forbes.com - Jan 7, 2020 The Internal Revenue Service (IRS) has announced that tax season will open on Monday, January 27, 2020. The IRS will begin accepting paper and electronic tax returns that day. The due date for... Read more > Category: General Business |
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54% of Older Americans Worry About Taxes in Retirement. Here's How to Lower Yours
Source: fool.com - Dec 27, 2019 Retirement is a financially tricky period of life. Once you leave the workforce and say goodbye to a steady paycheck, managing your finances can become all the more stressful, even if you're... Read more > Category: General Business |
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Thousands of state employees who owe taxes risk termination
Source: tulsaworld.com - Dec 27, 2019 Thousands of state employees are behind in their income taxes and risk disciplinary actions or termination if they don’t resolve the matter, according to data compiled by the Oklahoma Tax... Read more > Category: General Business |
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This is why filing your income tax return will never be the same
Source: cnbc.com - Dec 27, 2019 CPA Dan Herron didn’t want to be the bearer of bad news, yet there he was explaining to a couple why they owed the federal government approximately $10,000 in taxes on their 2018 return. “They... Read more > Category: General Business |
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Tax provisions in appropriations bills include extenders and repeals
Source: accountingtoday.com - Dec 24, 2019 Last Friday, President Trump signed into law two appropriations bills that extend government funding while also dealing with several of the tax extender provisions and repealing some Obamacare... Read more > Category: General Business |
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The 12 Tax Days of Christmas: Day 5
Source: entrepreneur.com - Dec 24, 2019 Rather than your true love sending you a partridge in a pear tree, wouldn’t you appreciate some money-saving tax tips? For my year-ending 12 Tax Days of Christmas series, I’ll dig back into the... Read more > Category: General Business |
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Paying for Christmas with expected tax receipts is dicey
Source: miningjournal.net - Dec 24, 2019 If you’re like a lot of people in today’s world, many if not all of the bills associated with Christmas will be paid for using the expected income tax return. But because some tax returns may... Read more > Category: General Business |
