May 25, 2023 | Tax Tip
Emergency preparedness plans should include financial records and tax information People should put together an emergency preparedness plan for their household – and include copies of their vital records and financial information. By creating an emergency preparedness...
Apr 25, 2023 | Tax Tip
When an IRS letter arrives, taxpayers don’t need to panic, but they do need to read it Getting a letter from the IRS can make some taxpayers nervous – but there’s no need to panic. The IRS sends notices and letters when it needs to ask a question about a...
Mar 30, 2023 | Tax Tip
All income is taxable, including gig economy and tip income It’s important for taxpayers to file a federal tax return that has a complete and correct reporting of their income – which may mean including income from sources other than regular wages from an employer....
Feb 16, 2023 | Tax Tip
This IRS online tool simplifies estimating 2023 tax withholding A few minutes spent reviewing income tax withholding early in the year helps set a taxpayer up for success all year long. The Tax Withholding Estimator on IRS.gov makes it easy to figure out how much to...
Jan 11, 2023 | Tax Tip
The deadline for the final 2022 estimated tax payment is January 17 Many taxpayers make quarterly estimated tax payments during the year to stay current on their taxes. Anyone who paid too little tax in 2022 needs to make a fourth quarter payment on or before Jan. 17...
Dec 1, 2022 | Tax Tip
Reviewing tax credits and deductions now helps set taxpayers up for success at tax time Most people probably only think about tax credits and deductions when they’re completing their tax return. However, a little early planning can make for a smoother filing process....
