Moving Expenses May Be Deductible
Moving Expenses May Be DeductibleTaxpayers may be able to deduct certain expenses of moving to a new home because they started or changed job locations. Use Form 3903, Moving Expenses, to claim the moving expense deduction when filing a federal tax return.Home means the taxpayer’s main home. It does not include a seasonal home or […]
Wage Statements and Independent Contractor Forms
The Internal Revenue Service today reminded employers and other businesses of the Jan. 31 filing deadline that now applies to filing wage statements and independent contractor forms with the government.The Protecting Americans from Tax Hikes (PATH) Act includes a requirement for employers to file their copies of Form W-2 and Form W-3 with the Social Security Administration by Jan. […]
Taxpayers Who are Victims of Domestic Abuse Should Know Their Rights
Domestic abuse often includes control over finances. An important part of managing finances is understanding one’s tax rights. Taxpayers have the right to expect the IRS to consider facts and circumstances that might affect the individual’s taxes.Taxpayers have the right to: Taxpayers also have the right to request relief from the liability shown on a joint […]
IRS End-of-Year Withholding
As the end of the year approaches, the IRS encourages taxpayers to consider a tax withholding checkup. When taxpayers take a close look to make sure the right amount of tax is withheld now, they can avoid an unexpected tax bill next year.Here are five examples of taxpayers who would benefit from a withholding check-up:• Taxpayers […]
Five Facts about Charitable Contributions
With the holidays around the corner, many people will be making donations to benefit charitable organizations. However, come tax time, the person who made the donation might also benefit. That’s because taxpayers who donate to a charity may be able to claim a deduction for the donation on their federal tax return.Here are five facts […]
Seven Things to Do When an IRS Letter Arrives
Seven Things to Do When an IRS Letter ArrivesThe IRS mails millions of letters to taxpayers every year for many reasons. Here are seven simple suggestions on how individuals can handle a letter or notice from the IRS: Seven Things to Do When an IRS Letter Arrives
Georgia Liquor License Suspension Attorney
Georgia Liquor License Suspension AttorneyIf you are a restaurant or bar owner in the State of Georgia, then, you might be interested in knowing that your Georgia liquor license can be suspended for reasons beyond selling to a minor.Unpaid state sales tax has become one of the most common problems faced by vendors of liquor […]
Debt Cancellation May Be Taxable
Debt Cancellation May be TaxableIf a lender cancels part or all of a debt, a taxpayer must generally consider this as income. However, the law allows an exclusion that may apply to homeowners who had their mortgage debt canceled in 2016.Here are 10 tips about debt cancellation:Main Home. If the canceled debt was a loan […]
Capital Gains and Losses 10 Helpful Facts to Know
Capital Gains and Losses 10 Helpful Facts to KnowWhen a person sells a capital asset, the sale normally results in a capital gain or loss. A capital asset includes inherited property or property someone owns for personal use or as an investment.Here are 10 facts that taxpayers should know about capital gains and losses:Capital Assets. […]
Capital Gains and Losses 10 Helpful Facts
Capital Gains and Losses 10 Helpful FactsWhen a person sells a capital asset, the sale normally results in a capital gain or loss. A capital asset includes inherited property or property someone owns for personal use or as an investment.Here are 10 facts that taxpayers should know about capital gains and losses:Capital Assets. Capital assets […]