• Congress working on ‘kiddie tax’ fix for Gold Star Families
    Memorial Day, our annual remembrance of the men and women who died while serving in the U.S. Armed Forces, is just a week away. Many members of Congress will be back home on May 27 taking part in Memorial Day ceremonies honoring military personnel for their ultimate sacrifice. But ... read more
    Source: DontMessWithTaxesPublished on 2019-05-20
  • Mismatched tax ID numbers worry workers, employers and Social Security
    A big part of companies' federal tax responsibilities is paying employment taxes for their workers. These are the Social Security, Medicare and unemployment taxes on those employees' wages. However, when it comes to workers who are hired as contractors, it's the worker who's totally responsible for these taxes, in ... read more
    Source: DontMessWithTaxesPublished on 2019-05-19
  • Witches, witch hunts & taxes: the curse of today’s politics
    "The Witch Trial," an 1848 painting by William Powell Frith via Wikimedia Commons Witch hunt. It's been one of Donald J. Trump's favorite phrases for more than two years. He's used the term 310 times, according to, the website launched in January 2017 by Virginia husband and ... read more
    Source: DontMessWithTaxesPublished on 2019-05-18
  • Wrong Schedule D worksheet produced incorrect TCJA tax
    If you filed your taxes before May 16 and your earnings included investment income, you might want to take another look at your return. The Internal Revenue Service announced on its website yesterday, May 16, that the 2018 Schedule D tax worksheet in that form's instructions contained an error. "The tax ... read more
    Source: DontMessWithTaxesPublished on 2019-05-17
  • Sports betting can pay off for states, but maybe not as much as hoped
    Photo by Fisherga via Flickr CC The Preakness, the second leg of horse racing's Triple Crown, is Saturday, May 18. As a former Maryland resident, the 144th running of the race the Black Eyed Susans will be somewhat bittersweet. It could be the last time the legendary race ... read more
    Source: DontMessWithTaxesPublished on 2019-05-16
  • Not-free Free File complaint heads to court as class action
    The Internal Revenue Service has formed a working group to look into allegations that some of its Free File members really didn't (don't?) want taxpayers to file for free. State and city officials have launched official investigations into or taken legal steps in connection with allegations that some tax ... read more
    Source: DontMessWithTaxesPublished on 2019-05-15
  • Tax Season Recap and Myth-Busting
    For the majority of tax filers, tax season is over. April 15 marked the last day to submit your return – unless you filed an extension. So, how’d the season go? Below is an industry-wide recap plus a little tax filing myth-busting insight. The IRS reported the total number ... read more
    Source: TaxactPublished on 2019-05-14
  • Federal tax reform slashed corporate taxes, but some state levies bump business rates back up
    This is a big week for Lone Star State businesses. The state's franchise tax is due May 15. For my fellow Texas business owners, that's tomorrow. Unless you're a Wolters Kluwer CCH software client. Then you have until May 22.  See my prior post for more on the recent ... read more
    Source: DontMessWithTaxesPublished on 2019-05-14
  • Wolters Kluwer CCH clients get extra week to meet May tax-exempt filing deadline
    Watch the full classic Roseanne Roseannadana skit at NBC's Saturday Night Live video page. As the wonderful Gilda Radner character Roseanne Roseannadana used to say, "It's always something." That's particularly true in the tax world. Just when we thought we had made it relatively unscathed through the 2019 ... read more
    Source: DontMessWithTaxesPublished on 2019-05-13
  • What To Do If You Didn’t File On Time
    It’s important to stay on top of the tax deadlines to avoid possible penalties and interest charges for late filing and payment of taxes. Getting behind on tax filing obligations can be stressful, too. It’s better to file early or on time, so you can stop worrying about your taxes ... read more
    Source: TaxactPublished on 2019-05-13
  • Tax break gifts for moms on Mother’s (and every) Day
    Mom's obviously enjoying the Mother's Day gifts from her children. (Photo by Loren Kerns via Flickr CC) Anna Jarvis organized the first Mother's Day observances in Grafton, West Virginia, and Philadelphia, Pennsylvania, on May 10, 1908. As the annual celebration became popular around the country, Jarvis became ... read more
    Source: DontMessWithTaxesPublished on 2019-05-12
  • Tax considerations when your Mother’s Day gift is cash
    Mothers are the personification of "it's the thought that counts" when it comes to presents. Any mom would enjoy Mother's Day breakfast in bed on these plates made by her youngsters. (Photo courtesy Mrs. Goff's Pre-K Tales) Bought your mom a Mother's Day gift yet? If so, or ... read more
    Source: DontMessWithTaxesPublished on 2019-05-11
  • Did Tax Reform Help Me?
    If you ask people whether they think the Tax Cuts and Jobs Act of 2017 helped them or cost them more money, you may hear different answers. If they recently filed their taxes, the foremost thing in their minds may be whether they got a tax refund or not and ... read more
    Source: TaxactPublished on 2019-05-10
  • 529 Savings Plans in 2019
    It’s never been more important to save for college, as tuition continues to rise – and rise. One way people have saved for their children’s tuition has been through 529 savings plans. If you have a 529 savings plan or have thought about starting one, here’s what you need ... read more
    Source: TaxactPublished on 2019-05-10
  • [INFOGRAPHIC] Form W-4 Guide: How to Change Your Tax Outcome
    If you’re traditionally employed, you’re likely familiar with Form W-4. It’s the tax form used to select how much money you want to be withheld from your paychecks to pay your tax liability. If you don’t keep up with your tax payments throughout the year, you’ll not only receive a ... read more
    Source: TaxactPublished on 2019-05-10