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Blog posts tagged with "tax"

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Is a Tax Surprise Waiting for You?

September 1, 2018

Often lost in the excitement of large-scale tax change is how they can negatively impact some individual situations. Check out the questions below to see if you might be in for a tax surprise this year.

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Keywords: tax

Update on the Tax Cuts and Jobs Act (TCJA)

April 20, 2018

The Tax Cuts and Jobs Act (TCJA) was passed by Congress in a hurry late last year, and the IRS and tax preparers have been working to digest some of the more thorny issues created by the tax overhaul. Here are the latest answers to some of the most common questions.

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Charitable Giving Strategies in 2018

April 11, 2018

You love giving. You don’t love paying taxes. Our new federal tax laws may hold some good news for you.

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Keywords: charity, gifts, tax

Check your 2018 tax withholding — It may need adjusting

April 6, 2018

A lot of people like to receive a refund from the IRS, thinking of it as a form of forced saving. On the other hand, if you underpay your taxes by more than $1,000 and don't meet certain exceptions, you could be hit with a penalty.

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Keywords: tax, withholding

Taxes and virtual currencies: What you need to know

January 22, 2018

Virtual currencies are all the rage lately. Here are some tax consequences you must know if you decide to dip your toe into that world.

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Keywords: bitcoin, currency, tax

2018 tax reform changes: At a glance

January 7, 2018

Congress has passed tax reform that will take effect in 2018, ushering in some of the most significant tax changes in three decades. Here are some major items in the new bill that impact individual taxpayers.

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Keywords: reform, tax

The best way to avoid an audit: Preparation

January 7, 2018

Getting audited by the IRS is no fun. Some taxpayers are selected for random audits every year, but the chances of that happening to you are very small. You are much more likely to fall under the IRS’s gaze if you make one of several common mistakes.

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Keywords: audit, tax

Looking ahead: Tax reform in 2018

December 26, 2017

Congress has passed tax reform that will take effect in 2018, ushering in some of the most significant tax changes in three decades. Here are some major items in the new bill that impact individual taxpayers.

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Keywords: reform, tax

The best way to avoid an audit: Preparation

December 26, 2017

Getting audited by the IRS is no fun. Some taxpayers are selected for random audits every year, but the chances of that happening to you are very small. You are much more likely to fall under the IRS’s gaze if you make one of several common mistakes.

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Keywords: audit, irs, tax

2017 TAX REFORM: Checkpoint Special Study on Individual Tax Changes in the "Tax Cuts and Jobs Act"

December 26, 2017

The recently enacted Tax Cuts and Jobs Act is a sweeping tax package that will take effect in 2018. Here is a detailed article provided by our tax service of the significant changes impacting individuals and businesses.

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Keywords: reform, tax

Tax Cuts and Jobs Act Summary

December 22, 2017

The recently enacted Tax Cuts and Jobs Act (TCJA) is a sweeping tax package. Here's a look at some of the more important elements of the new law that have an impact on individuals.

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Save on your 2017 tax bill with these last-minute moves

December 7, 2017

You still have time to put yourself in the best tax position possible before the clock strikes midnight on New Year's Eve. Follow these five tips and you won't be sorry when tax season rolls around.

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Keywords: tax

Business owners: Ready for 1099 reporting?

December 7, 2017

There are more than a dozen variations of the information return known as Form 1099. Most are specific to certain industries. But nearly every company, large or small, has to issue Form 1099-MISC.

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Keywords: tax

IRS and SSA release 2018 tax numbers

November 3, 2017

The IRS and the Social Security Administration published some inflation-adjusted numbers for retirement contributions and gifts for 2018. You can use this information as you begin your tax and financial planning for the coming year.

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Keywords: retirement, tax

Year-end tax checklist

October 20, 2017

As the year draws to a close, there are several tax-saving ideas you should consider. Use this checklist to make sure you don’t miss an opportunity before the year is out.

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Keywords: tax

How to avoid 3 big tax mistakes

October 6, 2017

Every year taxpayers are hit with tax surprises that could be avoided if they just knew the rules. Here are three big ones that are easy to avoid with some simple planning.

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Keywords: tax, tax errors, taxes

Get the most out of your college tax benefits

September 7, 2017

The tuition and fees deduction expired last year. Fortunately, you may still be able to benefit from other education tax benefits, including the American Opportunity Tax Credit (AOTC) and the Lifetime Learning Credit.

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Keywords: college, tax, tax planning

Avoid These Common Tax Mistakes

August 22, 2017

There are nearly 1,000 different tax forms used by the IRS to report tax obligations. It’s no wonder the IRS faces thousands of tax returns with errors each year. Here are some of the most common:

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Keywords: tax, tax errors, taxes

Steps to avoid a name mismatch audit

August 14, 2017

If you changed your name for any reason during the past year, you will need to file Form SS-5, Application for a Social Security Card, with the Social Security Administration (SSA) to notify them of the name change before you submit your 2017 tax returns...

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Keywords: social security, tax

Summertime tax savers

July 7, 2017

Summer may be one of the best times to review your taxes, because taking the time now could result in 2017 tax savings. Here are just a few tax-saving ideas to consider.

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Keywords: tax, taxes

Weddings and taxes – A checklist

July 6, 2017

When planning a wedding, the to-do list seems endless. But, don't make the mistake of neglecting some tax planning for this life-changing event.

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Keywords: tax, taxes, wedding

Five home office deduction mistakes

June 25, 2017

Here are five common mistakes of those who deduct home office expenses.

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Keywords: tax, tax planning

Tax-free income

June 22, 2017

Yes, that's correct, there are some forms of income you receive that may be tax-free. Here is a list of eight common sources of tax-free income.

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Keywords: tax, tax planning

Midyear tax planning more important than ever

June 6, 2017

Summertime usually makes us think of vacations, backyard barbecues, and general relaxation. Tax planning may not be on the top of your summertime to do list, but this year you may want to consider making time for it.

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Keywords: tax, tax planning, taxes

Checking your withholding could be a smart move

April 6, 2017

If you received a large tax refund or owed a large balance on your 2016 income tax return, it may be time for you to check your withholdings.

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Making the most of your tax refund

January 25, 2017

If you are expecting a tax refund, you might consider investing your refund or using it to increase your financial security. While everyone's needs are different, here are some optional uses of your refund that may work for you.

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Keywords: tax, tax refund, taxes

April is a busy month for taxes

March 22, 2016

Is your tax return finished? If not, this year you have an extra day or two to file. April 18, 2016, is the due date to file your 2015 individual federal income tax return...

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Tax extenders renewed; some permanently

January 8, 2016

In December, Congress extended tax breaks known as "extenders" retroactively to the beginning of 2015. In addition, the new law makes some of the rules effective through 2019...

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