News



  • Moon watching, 50 years ago and today
    The Apollo 11 lunar landing mission crew, pictured from left to right, Neil A. Armstrong, commander; Michael Collins, command module pilot; and Edwin E. "Buzz" Aldrin Jr., lunar module pilot. (Photo courtesy NASA/Wikipedia Commons) Today, July 20, is a momentous day for science, the spirit of adventure and ... read more
    Source: DontMessWithTaxesPublished on 2019-07-20
  • Deadline near for tax refunds due combat injured veterans
    U.S. Navy photo by Mass Communication Specialist 1st Class Patrick Gordon A year ago, the Internal Revenue Service alerted combat-injured veterans that some of them might be due tax refunds. This is the case for eligible service members who received disability severance payments after 1991 and then claimed ... read more
    Source: DontMessWithTaxesPublished on 2019-07-19
  • New IRS guidance expands high deductible health plan HSA options for treatment of chronic medical conditions
    Arthritis is one of the more common chronic medical conditions that millions of Americans face. There are treatments before you get to the joint replacement stage, but those recurring medical costs can add up, too. I finally filed away all the paper copies of last year's tax documentation ... read more
    Source: DontMessWithTaxesPublished on 2019-07-18
  • 16 states holding back-to-school tax holidays this summer
    It's summer, so that means several states once again are holding their annual back-to-school sales tax holidays. There are 16 tax-free events this year, three in July and 13 in August.  We Americans just can't seem to slow down, even during the traditional summer vacation season. We always are ... read more
    Source: DontMessWithTaxesPublished on 2019-07-17
  • IRS hiring more staff thanks to tax money brought in by private collection agents
    In one tax world case, it does appear that the third time really is a charm. A recent Internal Revenue Service report says that its latest use of private bill collectors to bring in old unpaid taxes is working. In fact, this latest iteration has produced enough additional money ... read more
    Source: DontMessWithTaxesPublished on 2019-07-16
  • Older taxpayers get their own 1040 for 2019 tax filing
    You don't have to have this many candles on your birthday cake to use Form 1040-SR. Hitting age 65 qualifies you to use file this new form starting next filing season. It's lose three, add one for the Internal Revenue Service when it comes to 2019 tax year ... read more
    Source: DontMessWithTaxesPublished on 2019-07-15
  • Is Brand Loyalty Really Worth the Money?
    Depending on your perspective, shopping can be a fun pastime or must-do drudgery. Either way, it eventually becomes unavoidable. While shopping, we are bombarded with multiple choices of products and services. No matter what we are searching for, there are endless options. In some cases, we may make comparisons ... read more
    Source: TaxactPublished on 2019-07-15
  • 5 Mistakes that Sabotage Your Long-Term Wealth
    We all slip up when it comes to handling money. But sometimes small infractions we think are no big deal, end up becoming mistakes that sabotage our long-term wealth. Be careful not to make these five mistakes. 1. Carrying debt Debt, especially consumer debt, is the mortal enemy of ... read more
    Source: TaxactPublished on 2019-07-15
  • Turn Your Big Money Ambitions into Manageable Micro Goals
    Last year I decided to make a change when it came to setting resolutions. I sat down and wrote out a long list of huge goals I wanted to achieve in five different categories: self-improvement, wealth, health, professional, and relationship. All in, I ended up writing down 29 goals ... read more
    Source: TaxactPublished on 2019-07-15
  • IRS proposes Form 1040 changes for 2019 tax filings
    If the changes to Form 1040 this filing season frustrated you, there's some good news and some bad news. The good news is that the Internal Revenue Service is revising the Form 1040 to be used for 2019 tax filings. No, it's still not quite a postcard. But there ... read more
    Source: DontMessWithTaxesPublished on 2019-07-14
  • N.C. tax refunds available in wake of SCOTUS trust ruling
    North Carolina offers many gorgeous vistas, but the tax view for some trusts wasn't nearly so nice until a recent Supreme Court ruling. Now they can claim refunds of overpayments. (Blue Ridge Mountains viewed from Blue Ridge Parkway's Deep Gap overlook in western North Carolina; photo by Ken Thomas ... read more
    Source: DontMessWithTaxesPublished on 2019-07-13
  • The French digital tax and how it might affect users, not just tech giants
    Do you simultaneously use multiple digital devices? Me, too. Our online addictions are big money for tech giants and now France and other European nations want to get a piece of the tax pie from the global conpanies. Poor Facebook and Twitter and Google. (You noticed the sarcasm ... read more
    Source: DontMessWithTaxesPublished on 2019-07-12
  • Taxpayer Advocate suggests 3 ways to improve the EITC
    The Earned Income Tax Credit (EITC) was created more than 40 years ago as a way to give lower-earning workers a tax break. But from the get-go, the EITC has been problematic. Now, just weeks before the National Taxpayer Advocate retires, her office has offered Congress some suggestions on ... read more
    Source: DontMessWithTaxesPublished on 2019-07-11
  • New tax map guides filers through system’s twists and turns
    Washington, D.C., subway car awaiting Red Line passengers. (Photo by Washington Metropolitan Area Transit Authority) Moving from West Texas to Washington, D.C., was a revelation for many reasons. One of the key differences was transportation. The hubby and I came from a part of the country where cars ... read more
    Source: DontMessWithTaxesPublished on 2019-07-10
  • 7 summer tax moves that could cool off your 2019 tax bill
    Hello, July! The heat is definitely on, but there are plenty of ways to chill out, both personally and to put your 2019 tax bill on ice. Yes, I know you want to head to the pool or beach or catch up on neglected novels or just be generally ... read more
    Source: DontMessWithTaxesPublished on 2019-07-09