by admin | Aug 10, 2018 | August 2018, Tax Tips
Hurricane season runs June 1 to November 30. With hurricane season well underway, taxpayers should watch out for disaster-related scams carried out by criminals and scammers who often try to take advantage of the generosity of taxpayers wanting to help victims of...
by admin | Aug 10, 2018 | August 2018, Tax Tips
Under the Protecting Americans from Tax Hikes (PATH) Act, Individual Taxpayer Identification Numbers (ITINs) that have not been used on a federal tax return at least once in the last three consecutive years will expire December 31, 2018. In addition, ITINs with middle...
by admin | Aug 10, 2018 | August 2018, Tax Tips
Taxpayers who make an effort to comply with the law but are unable to meet their tax obligations due to circumstances beyond their control may qualify for relief from penalties. If you’ve received a notice stating that the IRS assessed a penalty, the first step...
by admin | Aug 10, 2018 | August 2018, Tax Tips
Certain veterans who received disability severance payments after January 17, 1991, and included that payment as income should file Form 1040X, Amended U.S. Individual Income Tax Return, to claim a credit or refund of the overpayment attributable to the disability...
by admin | Aug 10, 2018 | August 2018, Tax Tips
Avoid headaches at tax time by keeping track of your receipts and other records throughout the year. Whether you use an excel spreadsheet, an app, an online system or keep your receipts organized in a folding file organized by month, good record-keeping will help you...
