• 2019’s Dirty Dozen tax scams repeat last year’s list
    Unfortunately for taxpayers and the Internal Revenue Service, there's nothing new under the sun when it comes to tax scams. Fortunately for taxpayers and the IRS, the tax agency and its Security Summit partners are still on top of the most common scams that continue to pop up in ... read more
    Source: DontMessWithTaxesPublished on 2019-03-24
  • IRS offers more underwithholding tax penalty relief, but taxpayer ire over smaller refunds lingers
    We've got just more than three weeks before our 2018 tax returns are due, but most of us aren't in any hurry to complete this task. Through March 15, the Internal Revenue Service reports that it has received almost 76 million 2018 tax year returns. That's 2.5 percent fewer ... read more
    Source: DontMessWithTaxesPublished on 2019-03-23
  • Obamacare 2018 tax year filing requirements
    The Patient Protection and Affordable Care Act became law on March 23, 2010. During the almost nine years since President Barack Obama signed the health care bill, which usually is shortened to the Affordable Care Act (ACA) or Obamacare, opponents of the law have been working to repeal, maybe ... read more
    Source: DontMessWithTaxesPublished on 2019-03-22
  • Summer day camps offer fun for kids, tax break for parents
    Spring has just arrived, but parents already are thinking about summer. Specifically, they're wondering who's going to take care of their kids once school is out for a few months. Now don't get me, or my friends, family and neighbors who have children wrong. We don't view schools and ... read more
    Source: DontMessWithTaxesPublished on 2019-03-21
  • 6 tax tips for divorcing (or divorced) couples
    Photo by Kumar's Edit via Flickr I've been married a long time. To the same guy. Marriage is not always easy and we don't even have a boss stirring up trouble between us. But we've made it through the tough times. And now as we patch things ... read more
    Source: DontMessWithTaxesPublished on 2019-03-20
  • FinCEN, FBAR and other tax costs that prompt or slow U.S. expatriations
    The rate of Americans giving up their citizenship has slowed in the last few years. Are lower taxes a reason for fewer expatriations? Immigration remains at the top of most news lists, especially since the Democratic-controlled House and Republican-led Senate both rejected Donald J. Trump's emergency declaration to ... read more
    Source: DontMessWithTaxesPublished on 2019-03-19
  • More than $1.4 billion in tax refunds awaiting claims by taxpayers who didn’t file in 2016
    Photo by GotCredit via Flickr CC Most of the focus on tax refunds this year has been on how many people are unpleasantly surprised by how small they are. In many (probably most) cases, the relatively small refunds are because people didn't adjust their payroll withholding last year to account ... read more
    Source: DontMessWithTaxesPublished on 2019-03-18
  • Taxes on your St. Patrick’s Day green beer
    Happy St. Patrick's Day! March 17 is one the top days for beer drinkers, ranking up there with New Year's Eve and Mardi Gras celebrations. Guinness says 13 million pints of its stout will be consumed worldwide today in celebration of the Emerald Isle's patron saint. The average number ... read more
    Source: DontMessWithTaxesPublished on 2019-03-17
  • Dakota residents have biggest federal tax bills, says study
    Nobody likes to owe taxes at filing time. And if you owe too much, you could face added penalties for not having enough money withheld or underpaying estimated taxes throughout the year. But every year, lots of folks find they have to write a check to the U.S. Treasury ... read more
    Source: DontMessWithTaxesPublished on 2019-03-16
  • No, that is not the Taxpayer Advocate Service calling in latest IRS impersonation tax scam
    If a phone call from someone claiming to be with an official tax office doesn't sound quite right, it's because it's probably a scam call. (Photo by rocketace via Flickr) I'm not a paranoid person. And the only conspiracy theories I've ever paid attention to were the for-entertainment-purposes-only ... read more
    Source: DontMessWithTaxesPublished on 2019-03-15
  • Ways to stymie tax identity theft attempts and scams
    I attend fitness classes — OK, mostly yoga and I tend to head into Savasana a bit sooner than most of my fellow yogis — several times a week at my neighborhood club. Most of the members have been there for year and it's got a community feel. Still, ... read more
    Source: DontMessWithTaxesPublished on 2019-03-14
  • Tax breaks can help pay many college costs
    College and its ever-increasing costs certainly have gotten a lot of attention. There's the group of Democrats seeking their party's 2020 presidential nomination. Obviously spurred by the enthusiastic supporters of Independent-turned-temporary-Democrat Sen. Bernie Sanders and his promise of free college, many other White House wannabes also are talking up ... read more
    Source: DontMessWithTaxesPublished on 2019-03-13
  • How to Check Your Refund Status
    Let’s say you filed your tax return, and the IRS owes you a refund, which usually occurs because you had excess tax withheld from your pay. You’d like to know when you can expect to receive that lump sum. Is there a way to find out? The process In ... read more
    Source: TaxactPublished on 2019-03-13
  • Change Your Tax Outcome: Adjust Your Withholdings in 2019
    Most of the Tax Cuts and Jobs Act provisions went into effect at the beginning of 2018. Although employees felt some effects of the changes in February 2018, when the income tax withholding rates were changed, the real moment of truth comes as taxpayers start preparing and filing their 2018 ... read more
    Source: TaxactPublished on 2019-03-13
  • Tax extenders get W&M hearing, but renewal unclear
    Rep. Mike Thompson opens a Ways and Means subcommittee hearing into temporary tax policy, aka tax extenders. (Screenshot from official hearing video via YouTube) House tax writers have finally, officially looked at expired tax provisions, known popularly as extenders. But anyone hoping for a quick resolution or an ... read more
    Source: DontMessWithTaxesPublished on 2019-03-12