As part of Small Business Week, the Internal Revenue Service reminds small business owners and self-employed people that they can avoid a surprise tax bill and possibly a penalty by making estimated tax payments during the year.
These types of information returns are normally due on the 15th day of the fifth month after the end of an organization’s accounting period. For organizations operating on a calendar year, the deadline is May 15, 2019.
Last year brought a few changes to tax laws for rental real estate owners but left most deductions unchanged.
Before donating to a charity, taxpayers often want to research the organization. The IRS has a tool that lets people access information about charities and other tax-exempt organizations fast and easily.
If you need extra time to file your returns this year file Form 4868 "Application for Automatic Extension of Time To File U.S. Individual Income Tax Return".
Unclaimed income tax refunds totaling almost $1.4 billion may be waiting for an estimated 1.2 million taxpayers who did not file a 2015 Form 1040 federal income tax return, according to the Internal Revenue Service.
Compiled annually, the “Dirty Dozen” lists a variety of common scams that taxpayers may encounter anytime but many of these schemes peak during filing season as people prepare their returns or hire someone to help with their taxes. Don’t fall prey.
If you would like to know when you will get your refund, just use the “Check Tax Refund” feature.
The end of January was the deadline for the delivery of 1099 for non employee compensation. The IRS will at some point be checking to make sure the 1099 amount is reported as income.
Employers had until the end of January to deliver w-2s to their employees. If after that date you have not received your W-2 here is what you should do.