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    taxes

    Tax Consequences of Losing your Job

    Taxes, Tax-Tip Tuesday, 2019, Losing Your Job, Tax Consequences

    If you've lost your job you may have questions surrounding unemployment compensation, severance, and other issues that could affect your tax situation. Here are some answers:

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    What to do if you Haven't Filed a Tax Return

    Taxes, Filing Late, Payment Options

    Tuesday, April 18, 2017, was the tax deadline for most taxpayers  to file their tax returns.  If you haven't filed a 2016 tax return yet, don't delay. There's still time--and it's not as difficult as you think.

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    IRS TAX SCAMS 2017

    Taxes, Fraud, IRS

    As tax season approaches, taxpayers are reminded to be on the lookout for an array of evolving tax scams related to identity theft and refund fraud. Every year scam artists look for new ways to trick taxpayers out of their hard-earned money, sensitive financial information or even access to their computers. It seems that no matter how careful you are there's always a possibility that identity thieves could steal your personal information and try to cash in by filing fraudulent tax returns in your name.

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    Paying Taxes on Household Help

    Taxes, Individuals, Household Help

    If you employ someone to work for you around your house, it is important to consider the tax implications of this arrangement. While many people disregard the need to pay taxes on household employees, they do so at the risk of paying stiff tax penalties down the road.

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    Tax Changes for 2017: A Checklist

    Taxes, Individuals, Business

    Welcome, 2017! As the New Year rolls around, it's always a sure bet that there will be changes to current tax law and 2017 is no different. From health savings accounts to tax rate schedules and standard deductions, here's a checklist of tax changes to help you plan the year ahead.

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    Tax Alert to all Employers - Effective January 1, 2017

    Taxes, Employers

    Income Tax Withholding

    IRS will mail new withholding tables (Publication 15) to reflect changes as of January 1, 2017.  When available, the new withholding tables can also be obtained at the Internal Revenue website, www.irs.gov .
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    Understanding the Net Investment Income Tax

    Taxes, Individuals, Net Investment Income Tax

    One of the most significant tax changes affecting higher income taxpayers was the Net Investment Income Tax that went into effect on January 1, 2013. While it tends to affect wealthier individuals most often, in certain circumstances, it can also affect moderate income taxpayers whose income increases significantly in a given tax year. Here's what you need to know:

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    2016 Tax Provisions for Individuals: A Review

    Taxes, Individuals, Tax Provisions, PATH

    Many of the tax changes affecting individuals and businesses for 2016 were related to the Protecting Americans from Tax Hikes Act of 2015 (PATH) that modified or made permanent numerous tax breaks (the so-called "tax extenders"). To further complicate matters, some provisions were only extended through 2016 and are set to expire at the end of this year while others were extended through 2019. With that in mind, here's what individuals and families need to know about tax provisions for 2016.

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    Tax Planning for Small Business Owners

    Small Businness, Taxes, Tax planning

    Tax planning is the process of looking at various tax options to determine when, whether, and how to conduct business transactions to reduce or eliminate tax liability.

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    Identity Theft and Your Taxes

    Identity Theft, Taxes, Fraud and Forensics

    Tax-related identity theft occurs when someone uses your stolen Social Security number to file a tax return claiming a fraudulent refund. It presents challenges to individuals, businesses, organizations and government agencies, including the IRS.

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