Tag: taxes

How To Find The Best Tax Preparer

tax
Getting the right tax preparers takes work.

One thing to be aware in tax season is that not everyone is truly an expert when it comes to preparing your return. And it’s worth your time and effort to find the best possible people to handle your tax issues.

These tips can help you choose the right tax preparation expert for you.

Check credentials

It’s relatively easy to get basic credentials to…

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Some Americans Disgruntled By Dwindling Tax Refunds

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Tax refunds started off smaller this year.

Tax refunds were on average 8 percent smaller this year than last in the first week of the filing season.

The IRS noted the changes as it began to process this year’s tax returns. According to Politico, refunds dipped to $1,865 from $2,035. The site points out that observers are eyeing this year’s refunds closely to gauge the impact of changes to…

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Tax Season Kicks Off With IRS Scrambling To Recover From Shutdown

tax season
The government shutdown has ended just as tax season begins.

The longest government shutdown in U.S. history ended just in time for the kickoff of tax season today. But that doesn’t mean everything’s back to normal.

Many prognosticators expect a bumpy tax season thanks to the shutdown, combined with implementation of revisions to the tax code passed at the end of 2017.

According to The New…

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IRS Faces Perfect Storm With Shutdown Aftermath, Tax Law Implementation

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The IRS faces a challenging tax season.

As tax season approaches, the government shutdown, combined with implementation of Republican tax changes, the IRS faces an overwhelming challenge.

Officials have called many IRS workers back to their jobs for tax season. But many were not being paid. At the same time, the agency is trying to implement sweeping tax law changes.

According to the Washington Post:

Trainings for IRS employees…

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Will Government Shutdown Slow Tax Refunds?

tax refunds
Tax refunds could be delayed by the federal government shutdown.

The federal government’s partial shutdown could delay tax refunds.

According to CNBC, the IRS hasn’t said how long the shutdown would have to be before it affects the agency’s ability to process tax refunds. But, according to the network, the shutdown’s effect could be magnified by changes to the tax code passed in 2017:

In 2018, it nearly doubled…

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Understaffed IRS Eyes Social Media To Catch Tax Cheats

IRS
Cuts at the IRS could delay tax returns. By Joshua Doubek (Own work) [CC BY-SA 3.0 (https://creativecommons.org/licenses/by-sa/3.0)], via Wikimedia Commons
The IRS, following years of budget cuts that have eroded its ability to police wealthy tax cheats, is turning to the Internet for help

The agency recently acknowledged it will monitor social media to go after tax dodgers. According to Quartz:

“Businesses and individuals increasingly use…

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IRS Announces Increase In Mileage Rates

IRS
The IRS has released new mileage rates for 2019.

The IRS has announced new mileage rates for 2019, amounting to an increase in the rates for small businesses.

The new rates are:

 

  • 58 cents per mile for each business mile, up 3.5 cents from 54.5 cents for 2018;
  • 20 cents per mile to cover moving or medical purposes, up 2 cents from 18 cents for 2018;
  • 14 cents per…
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There’s Still Time To Save On Taxes With These Holiday Tips

Taxes
‘Tis the season to save on taxes.

‘Tis the season to put your last-minute strategies in place to save on taxes.

And there are a few things you can do in the waning weeks of the year to reduce the amount you pay in taxes. Here are some tips.

Get your charitable ducks in a row

You have until December 31 to make charitable deductions that will save you money…

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GOP Committee Chair Floats Changes To Taxes

Taxes
An important Congressman has plans to change taxes.

The top tax person in the House of Representatives wants to revamp taxes, just a year after a major rewrite made its way through Congress.

Kevin Brady, the Republican Chairman of the House Ways and Means Committee, unveiled his proposal last week. Prospects for the proposal, though, aren’t clear. Brady won’t be the top person in the House when it comes…

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