Article Published by: mjscpa.com Each year, millions of taxpayers claim an income tax refund. To be sure, receiving a payment from the IRS for a few thousand dollars can be a pleasant influx of cash. But it means you were essentially giving the government an interest-free...
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Article Published by: consumerreports.org If you submitted your taxes on time, you’re probably keenly aware of your financial situation and ready to move on. But it may be a good idea to think about taxes a little longer and start figuring out how to reduce them...
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Article Published by: forbes You’ve filed your 2017 tax return, or are about to, and may have one nagging question: Am I going to be audited by the Internal Revenue Service (IRS)? Even the prospect of an IRS tax audit can raise your blood pressure. The good...
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Article Published by: azcentral.com Another tax-return filing season is basically in the bag, and the last thing you want to think about any further is taxes. But it's not too early to start planning ahead. These key tips might bear fruit down the road, especially with taxes...
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Article Published by: mjscpa.com The child credit has long been a valuable tax break. But, with the passage of the Tax Cuts and Jobs Act (TCJA) late last year, it’s now even better — at least for a while. Here are some details that every family...
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Article Published by: taxpayeradvocate.irs.gov Every year the Taxpayer Advocate Service (TAS) helps thousands of people with tax problems. This story is only one of many examples of how TAS helps resolve taxpayer issues. All personal details are removed to protect the privacy of the taxpayer. While participating...
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Article Published by: huffingtonpost.com Don’t give away free money. The IRS rolled out the latest version of its tax withholding calculator on Wednesday after updating it to reflect the new withholding tables. The free tool is designed to help taxpayers be sure they don’t have too much...
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Article Published by: mjscpa.com A guide to tax forms that are due to file on April 15th. Individuals - File an income tax return (Form 1040, 1040A, 1040EZ, or 709) and pay any tax due. If you want an automatic 6-month extension of time to file the...
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Article Published by: accountingtoday.com As of this column, George Jones has officially retired from writing the Tax Strategy column after 21 years of thoughtful analysis and insight. I will miss his topic ideas, writing skills and second set of eyes. He always strived to make the...
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Article Published by: mjscpa.com It’s not uncommon for adult children to help support their aging parents. If you’re in this position, you might qualify for an adult-dependent exemption to deduct up to $4,050 for each person claimed on your 2017 return. Basic qualifications For you to qualify for...
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