Effects of the Gov. Shutdown on Tax Season
The current US government shutdown is affecting taxpayer services and should the shutdown continue once tax filing opens, your return – specifically your refund – is likely to be affected.
The current US government shutdown is affecting taxpayer services and should the shutdown continue once tax filing opens, your return – specifically your refund – is likely to be affected.
If you find yourself being audited, you'll want to make sure you have detailed and thorough records of your previous tax returns (including supporting documentation). With that in mind, it's important to know how many years of records you should keep.
There's no need to wait until the last minute to start getting ready for tax season. Whether your tax return is prepared by a professional or you complete the process on your own, staying organized throughout the year will help make tax time a little bit easier.
The last thing that crosses your mind when a natural disaster occurs is the possible impact such an event can have on taxes. The IRS offers assistance to individuals and businesses affected by natural disasters.
Do you drive for a rideshare service? Did you know that makes you an independent contractor and you are eligible to take advantage of multiple, beneficial deductions?
Estimated payments are a useful tool to limit tax liability at filing and avoid additional and costly penalties. Do you think you may need to make estimated payments?