RefundtalkAre you wondering if there’s a hard and fast rule about what income is taxable and what income is not taxable? The quick answer is that all income is taxable unless the law specifically excludes it. But as you might have guessed, there’s more to it than that. Taxable income includes any money you receive,…
Category Archives: Tax Tips
Tips to Get Your Tax Refund ASAP
Waiting for your tax refund can really test your patience. Unfortunately, we can’t speed up the actual processing time of your tax return once the IRS gets hold of it. However, there are actions we can take to ensure a smoother journey through the IRS database. Let’s take a look at seven steps you can…
Taxpayers should remember these tips when searching for a tax preparer
The tax filing season is upon us, and many people will be looking for someone to help them file a tax return. Taxpayers should choose their tax return preparer wisely. This is because it’s ultimately the taxpayer who is responsible for all the information on their income tax return. It’s important for people to remember that this is…
All taxpayers should know their rights
The Taxpayer Bill of Rights groups the dozens of existing rights in the Internal Revenue Code into ten fundamental rights, and makes these rights clear, understandable, and accessible for taxpayers and IRS employees alike. The Taxpayer Bill of Rights protects all taxpayers working with the IRS. In fact, they lay out the framework to make sure the IRS…
Check withholding, make estimated payments now
Many taxpayers, at risk for having too little tax withheld from their pay, can avoid a surprise year-end tax bill by quickly updating the withholding form they give to their employer, according to the Internal Revenue Service. Although the tax reform law, enacted last December, lowered tax rates for most taxpayers, it also nearly doubled…
IRS Publication 17 – One Stop For Tax Help
Facing a lot of different tax questions this year? If you are interested in researching some of these issues on your own, the IRS has pulled together an overview of common tax issues in one convenient place — Publication 17, “Your Federal Income Tax.” This updated publication, available on the IRS Web site, contains a…
Related Posts