September 2018

//September 2018

Tips for Taxpayers: Be Prepared for Natural Disasters

By | 2018-09-10T05:38:46+00:00 September 10th, 2018|Categories: September 2018, Tax Tips|Tags: , |

While September and October are prime time for Atlantic hurricanes, natural disasters of any kind can strike at any time. As such, it's a good idea for taxpayers to think about - and plan ahead for - what they can do to be prepared. Here’s what taxpayers should keep in mind: 1. Update emergency plans. Because a [...]

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Ten Tax Tips for Individuals Selling a Home this Year

By | 2018-09-10T05:39:02+00:00 September 10th, 2018|Categories: September 2018, Tax Tips|Tags: , |

In most cases, gains from sales are taxable. But did you know that if you sell your home, you may not have to pay taxes? Here are ten facts to keep in mind if you sell your home this year. 1. Exclusion of Gain. You may be able to exclude part or all of the gain from [...]

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Taxpayer Data Secure with new IRS Get Transcript

By | 2018-09-10T05:37:19+00:00 September 10th, 2018|Categories: September 2018, Tax Tips|Tags: |

Taxpayers that need prior years' tax returns and other tax documents should know that there is a new format for individual tax transcripts that redacts personally identifiable information from Form 1040 tax documents. This new transcript replaces the previous format and will be the default format available via Get Transcript Online, Get Transcript by Mail or [...]

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529 Education Savings Plan Updates under Tax Reform

By | 2018-09-10T05:36:55+00:00 September 10th, 2018|Categories: September 2018, Tax Tips|Tags: , |

Taxpayers with school-age children should be aware of three recent tax law changes affecting 529 education savings plans. Tuition refunds The PATH Act change added a special rule for a beneficiary of a 529 plan, usually a student, who receives a refund of tuition or other qualified education expenses. This can occur when a student drops [...]

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Extension Deadline Looming for 2017 Tax Returns

By | 2018-09-10T05:37:11+00:00 September 10th, 2018|Categories: September 2018, Tax Tips|Tags: |

Time is running short for taxpayers who requested an extra six months to file their 2017 tax return. As a reminder, Monday, October 15, 2018, is the extension deadline for most taxpayers. For taxpayers who have not yet filed, here are a few tips to keep in mind about the extension deadline and taxes: 1. Taxpayers [...]

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