Tax Tips

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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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