Whether we know a friend or family member serving our country in the military, or if our line of business works with the men and women in the armed forces, the newly released Armed Forces’ Tax Guide, available at the IRS website, may be useful beneficial to know. The publication describes: The […]
WASHINGTON ― The Internal Revenue Service today reiterated its warning that taxpayers may not be able to renew a current passport or obtain a new passport if they owe federal taxes. To avoid delays in travel plans, taxpayers need to take prompt action to resolve their tax issues. In January of last
The IRS Tax Tip 2019-107 this week reminds us that summertime activities often affect the tax returns we will be filing next year. Here are a few summertime things you should make note of now: Getting Married All you newlyweds need to remember to report your name change to The Social Security Administration.
Summer is not the only season of the year sandwiched between Spring and Fall – wedding season squeezes in as well. The IRS has some helpful tips for those Love Birds planning their nuptials. I shared these with two soon-to-be “ex-Singles” in our office and thought we all probably know one or
IRS audits of Home Sale programs may not be as pervasive as they were prior to 2005 but they still exist. Ensuring that your program can endure such an audit will save you unwanted disruption and program expense as a consequence of non-compliance. No single defect will likely result in a failed
Many people are taking advantage of our Shared Services Community these days – whether putting a house or spare room on Airbnb and VRBO, or driving for Uber or Lyft to earn some extra cash. There are very important things people engaging in “gig” work should realize so they are not surprised