From the IRS: “IRS Summertime Tax Tip 2013-24 Ten Tax Tips for Individuals Selling Their Home If you’re selling your main home this summer or sometime this year, the IRS has some helpful tips for you. Even if you make a profit from the sale of your
Read more →From the IRS: “If You Receive an IRS Notice, Here’s What to Do IRS Summertime Tax Tip 2013-22 Each year the IRS sends millions of letters and notices to taxpayers. Although some people may feel anxious when they receive one, many are easy to resolve. Here’s what
Read more →Noted here is a copy of a recent interest error calculation announcement made by the IRS. If you recently received a form CP2000 from the IRS please be aware an adjusted, higher interest amount may be owed. The IRS alerted taxpayers and tax professionals about an interest
Read more →Mon 1 File Form 730 and pay the tax on wagers accepted during May. Mon 1 File Form 2290 and pay the tax for vehicles first used during May. Mon 1 File Form 11-C to register and pay annual tax if you are in the business
Read more →Unlike fishing, phishing has no limits and can hurt anyone it touches. As one of the top 12 IRS tax scams, you do not want to take this bait. Here is what you need to know. Each year the IRS publishes the top dozen tax scams
Read more →Wed 5 Deposit payroll tax for payments on May 29-31 if the semiweekly deposit rule applies. Fri 7 Deposit payroll tax for payments on Jun 1-4 if the semiweekly deposit rule applies. Mon 10 Employers: Employees are required to report to you tips of $20 or more
Read more →Most everyone enjoys dreaming of winning it big in the lottery. News media outlets publicize the large unclaimed pots of money on the evening news and they put a spotlight on the lucky multi-million dollar winners. Ever wonder what the tax math looks like? The bottom
Read more →Miss the April 15th deadline? The IRS has tips on what you next steps: IRS Tax Tip 2013-56, April 16, 2013 The IRS has some advice for taxpayers who missed the tax filing deadline. File as soon as possible. If you owe federal income tax, you should file
Read more →2013 contribution limits increase for most major retirement plans If you have not already done so, consider adjusting your retirment account contributions to match the expanded annual limits that have increased for 2013. Here are the new limits. 2013 marks a watershed year for contribution limit increases
Read more →Owe the IRS? IRS offers these tips if you can’t pay your tax liability by April 15th. IRS Tax Tip 2013-53, April 11, 2013 If you find you owe tax after completing your federal tax return but can’t pay it all when you file, the IRS
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