To help people facing the challenges of COVID-19 issues, the Internal Revenue Service announced today a sweeping series of steps to assist taxpayers by providing relief on a variety of issues ranging from easing payment guidelines to postponing compliance actions.
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Free Income Tax Preparation by one of our IRS Certified VITA Volunteers.
As federal employees and retirees collect their 2018 tax records and information in preparation to file their 2018 federal and state tax returns that are due April 16, 2019, they should be aware that several tax deductions available in 2017 have been eliminated or reduced for 2018.
I sure do hate having to prepare taxes! It takes me quite awhile to do them. I use Turbo Tax, which by the way is a great program.
Why don’t our lawmakers realize what a crappy system we currently have and do away with this annual filing of tax returns?
Last week, the Internal Revenue Service (IRS) issued a new tax law changes pub (publication) to help taxpayers learn about the recent tax reform law and how it affects their taxes.
Six changes under the tax reform plan Standard Deduction Increases Personal Exemption Eliminated Child Tax Credit Rises State and Local Capped ACA Individual Mandate Repealed Mortgage Interest Deduction Drops
There have been several tax law changes during 2018 that are affecting Individual Retirement Arrangement (IRA) planning strategies for 2018. This column reviews five of these strategies.
The tax season is once again upon us. I was recently notified of a site that has a review of tax programs. The review was updated on February 8, 2018.
The tax law has been revised. Here are some provisions that might impact your tax bill: A Higher Standard Deduction – Approximately, 70 percent or so of households do not file an itemized federal tax return. The standard deduction in new tax bill nearly doubles the standard deduction. It goes to $12,000 for an individual, $18,000…