by Jackie | Jul 25, 2017 | News and Updates
The federal income tax is a pay-as-you-go system. Employers generally withhold tax from workers’ wages. Taxpayers also often have taxes withheld from certain other income including pensions, bonuses, commissions and gambling winnings. People who do not pay tax through...
by Jackie | Jul 20, 2017 | News and Updates
Spring showers bring summer flowers and weddings typically aren’t far behind. Newlyweds have a lot to think about and taxes might not be on the list. However, there is good reason for a new couple to consider how the nuptials may affect their tax situation. The IRS...
by Jackie | Jul 17, 2017 | News and Updates
Before you wander the aisles of your favorite department store to stock up on the new shoes and clothes your kids need to go back to school, first find out what deals your state (or one near you) is offering. There may be ways for you to save. To ease the financial...
by Jackie | May 9, 2017 | News and Updates
The IRS encourages all businesses and business owners to know the rules when it comes to classifying a worker as an employee or an independent contractor. An employer must withhold income taxes and pay Social Security, Medicare taxes and unemployment tax on wages paid...
by Jackie | Apr 20, 2017 | News and Updates
April 18 was this year’s deadline for most people to file their federal tax return and pay any tax they owe. If taxpayers are due a refund, there is no penalty if they file a late tax return. Taxpayers who owe tax, and failed to file and pay on time, will most likely...
by Jackie | Mar 15, 2017 | News and Updates
If a lender cancels part or all of a debt, a taxpayer must generally consider this as income. However, the law allows an exclusion that may apply to homeowners who had their mortgage debt canceled in 2016. Here are 10 tips about debt cancellation: Main Home. If the...
