December 2019
Tax Due Dates for September 2019
September 10 Employees Who Work for Tips - If you received $20 or more in tips during August, report them to your employer. You can use Form 4070. September 16 Individuals - Make a [...]
7 Tips to Help You Figure out if Your Gift Is Taxable
If you've given money or property to someone as a gift, you may owe federal gift tax. Many gifts are not subject to the gift tax, but there are exceptions. Because gift tax laws [...]
The Home Office Tax Deduction for Small Business
If you're a small business owner who uses your home for business you may be eligible to claim the home office deduction, which allows you to deduct certain home expenses on your tax return. [...]
5 Tips for Applying for Tax-Exempt Status
If you're thinking about starting a nonprofit and want to apply for tax-exempt status under Section 501(c)(3) of the tax code, you'll need to use Form 1023, Application for Recognition of Exemption Under Section [...]
Estimated Tax Penalty Waived for Eligible Filers
More than 400,000 eligible taxpayers whose withholding and estimated tax payments fell short of their total 2018 tax liability will have the estimated tax penalty automatically waived or refunded (if they already paid the [...]
Scam Alert: Watch out for IRS Impersonation Emails
Taxpayers should be aware that a new IRS impersonation scam email campaign is making the rounds. This latest scheme is yet another reminder that tax scams are a year-round business for thieves and taxpayers [...]