December 2019
Credit Reports: What You Should Know
Creditors keep their evaluation standards secret, making it difficult to know just how to improve your credit rating. Nonetheless, it is still important to understand the factors that determine creditworthiness. Periodically reviewing your credit [...]
Tax Due Dates for July 2019
July 10 Employees Who Work for Tips - If you received $20 or more in tips during June, report them to your employer. You can use Form 4070. July 15 Employers - Nonpayroll withholding. [...]
Tax Reform Reminder: Changes to Itemized Deductions
Under tax reform, many tax laws changed, including those affecting itemized deductions. While many people no longer need to itemize due to the nearly doubling of the standard deduction, certain taxpayers whose total deductions [...]
IRS Ends Tax Transcript Fax and Third-Party Services
Due to ongoing efforts to protect taxpayers from identity thieves, the Internal Revenue Service no longer offers tax transcript faxing service and third-party mailing of tax returns and certain transcripts. These measures are effective [...]
10 Facts about the Adoption Tax Credit
If you adopt a child in 2019, you may qualify for a tax credit, and if your employer helped pay for the costs of an adoption, you may be able to exclude some of your [...]
Special Tax Breaks for Members of the Armed Forces
Active members of the U.S. Armed Forces should be aware that there are special tax benefits available to them such as not having to pay taxes on some types of income or more time [...]