IRS
Are you withholding enough from your taxes?
In a prior article, we talk about how moonlighters (those with 1099s and a W2 job) might need to withhold more taxes from their W2 role to avoid owing for the 2019 year. They aren’t the only ones. Retirees, those with dependents, and a handful of others will need to take a look at how…
Read MoreHelp Prevent Tax Identity Theft By Filing Early
If you’re like many Americans, you might not start thinking about filing your tax return until close to this year’s April 17 deadline. You might even want to file for an extension so you don’t have to send your return to the IRS until October 15. But there’s another date you should keep in…
Read MoreEnsuring Your Year-End Donations Are Tax-Deductible
Many people make donations at the end of the year. To be deductible on your 2017 return, a charitable donation must be made by December 31, 2017. According to the IRS, a donation generally is “made” at the time of its “unconditional delivery.” But what does this mean?
Read MoreIRS Says No Decision Yet On 2018 Filing Season Dates
Westchester NY accountant Paul Herman of Herman & Company CPA’s is here for all your financial needs. Please contact us if you have questions, and to receive your free personal finance consultation! by Mike Godfrey, Tax-News.com, Washington No date has yet been set for the filing of individual tax returns in 2018, despite rumors to the contrary, according to the Internal Revenue Service…
Read MoreIRS’s Appeals Function To Offer Online Consultations
Westchester NY accountant Paul Herman of Herman & Company CPA’s is here for all your financial needs. Please contact us if you have questions, and to receive your free personal finance consultation! From: Tax-News.com, Washington The Internal Revenue Service Office of Appeals will soon pilot a new web-based virtual conference option for taxpayers and their representatives. Each year, the Office of Appeals hears…
Read MoreSuccess story: Victim of Preparer Fraud Receives Refund
Westchester NY accountant Paul Herman of Herman & Company CPA’s is here for all your financial needs. Please contact us if you have questions, and to receive your free personal finance consultation! Every year the Taxpayer Advocate Service (TAS) helps thousands of people with tax problems. This story is only one of many examples of how TAS helps resolve taxpayer issues. All personal…
Read MoreTaxpayers are invited to provide comments on the new IRS.gov Test Homepage – Let Your Voice Be Heard
Westchester NY accountant Paul Herman of Herman & Company CPA’s is here for all your financial needs. Please contact us if you have questions, and to receive your free personal finance consultation! By Taxpayer Advocate The IRS is a few months away from launching new look and feel to the IRS’s website (IRS.gov) and you have an opportunity to review the new Homepage about…
Read MoreIRS Seeks Taxpayer Input For 2017-18 Priority Guidance Plan
Westchester NY accountant Paul Herman of Herman & Company CPA’s is here for all your financial needs. Please contact us if you have questions, and to receive your free personal finance consultation! By Tax-News The Internal Revenue Service (IRS) and the Treasury are seeking feedback on what guidance should be prioritized to clarify parts of the tax code and explain policies. The 2017-18 Priority…
Read MoreTax bill too big to pay all at once? Sign up for an IRS payment plan
Westchester NY accountant Paul Herman of Herman & Company CPA’s is here for all your financial needs. Please contact us if you have questions, and to receive your free personal finance consultation! By Bankrate Do you owe the IRS money this year? You have several options for paying your tax online. But if you can’t pay it all at once, the IRS gives you…
Read MoreTax lesson for teachers: Educator expenses can be written off
Westchester NY accountant Paul Herman of Herman & Company CPA’s is here for all your financial needs. Please contact us if you have questions, and to receive your free personal finance consultation! By Bankrate Teachers on average spend $530 of their own money during the school year to pay for supplies, snacks for students and other classroom items. Teachers and other educators can get a…
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