If you need more time to figure out and file your taxes for the 2019 tax year, you may consider filing for a tax extension. With IRS Form 4868, you can request additional time, and an extension changes the filing deadline in 2020 from July 15 to Oct. 15. In some cases, people may be … Read more
With the outbreak of COVID-19, many things in American society have changed. From closing down restaurants to limiting the size of groups, the government is working to mitigate the impact of COVID-19 on the American economy. Taxes are also being affected by COVID-19. Read on to understand how. How is the federal government responding? In … Read more
You may know that it is always helpful and important to keep copies of your old tax returns on file. However, it can be all too easy for these copies to become misfiled or misplaced, especially if you move or face other challenges with your records. If you need copies of your old tax returns … Read more
Almost everyone wants to do everything they can to make sure they get the maximum tax refund possible. Whatever you may feel about paying taxes during the year, no one wants to leave money on the table by failing to claim deductions or credits to which you are entitled. Here are some tips that you … Read more
If you donate to charity, you can support some of your favorite causes and contribute to making the world a better place. In addition, you can enjoy a side benefit: Qualified donations to charity are tax-deductible. They can reduce your taxable income amount and, therefore, cut down on your final tax bill. To claim your … Read more
No one likes having to file taxes. For the majority of US citizens, tax filing is something to dread. We try to put off for as long as possible, right up until the April 15th deadline. Part of the fear around taxes is not knowing whether we’ll owe Uncle Sam money until the day we … Read more
If you’re reading this then you’ve probably realized that filing your own taxes might be more trouble than it’s worth and you’d probably be better off hiring a CPA or tax accountant. You’ve probably hit up your friends for recommendations and scoured Yelp reviews for the best tax pro in your area. Now the challenge … Read more
