Do you have enough to itemize for the tax year 2019? Most people don’t any more as the standard deduction has increased. There maybe some things you can do to help yourself itemize one year and not the next. Let’s chat.
How many get a Form 1099 with letters after it in the mail and wonder what the heck is this for? Schedule a tax appointment and let’s chat about those 1099 forms.
Did you get your W-2 and wonder what some of the numbers are? Schedule an appointment for your tax return and get those numbers explained to you.
Reminder that there is 2 months until the due date of 2019 tax returns to be filed timely with no extension. Contact the office to get your appointment scheduled.
For those that filed an extension for their personal returns that deadline is 10/15/19 which is under 30 days away. Time to get moving if you have been procrastinating.
BUSINESS returns are extension are due in 1 week. Is yours done?
For those business that filed extensions your due is is quickly approaching on 9/15/19. Please be sure to file timely as the late filing penalties are worse than you think.
Is your business using a designated spot in you home for an office? Not sure or need some questions about this answered contact me to get some additional information.
When filling out financial aid applications, students and families may need to get tax information to complete the Free Application for Federal Student Aid form. The IRS Data Retrieval Tool is available to use with the 2019‒2020 FAFSA Form. This tool is the fastest, most accurate way to input tax return information into the FAFSA form.
- Applicants filing a 2019-20 FAFSA must use data from their 2017 tax returns.
- Taxpayers should always keep a copy of their tax return. Whether they keep it electronically or on paper, they should keep it in a secure place.
Tax preparers and IRS urges all employees, including those with other sources of income, to perform a Paycheck Checkup now. Doing a checkup will help employees make sure their employers are withholding the right amount of tax from their paychecks. Doing so now will help avoid an unexpected year-end tax bill and possibly a penalty.
The easiest way to a Paycheck Checkup is to use the Withholding Calculator on IRS.gov. Taxpayers can use the results from the Calculator to help fill out the Form W-4 and adjust their income tax withholding with their employer. Taxpayers who receive pension income can use the results from the calculator to complete a Form W-4P and give it to their payer.