IRS Offers Tips for Last Minute Income Tax Filers
For these procrastinators, the rush is on. The IRS is offering reminders for these last-minute income tax filers.
For these procrastinators, the rush is on. The IRS is offering reminders for these last-minute income tax filers.
Here are 10 important things the American Institute of CPAs recommends that taxpayers know about getting their federal tax return to the Internal Revenue Service (IRS) by the Wednesday, April 15 filing deadline and about filing for an extension.
Tax season can be a scary time for many taxpayers, but it's mostly because of a lack of knowledge. It's a fear of the unknown: Will they owe taxes, will the IRS come after their business, etc.
An employee’s company may be glad to pick up the tab on a weekend trip home if you’re staying in a place where the cost of lodging and meals is high. The trip home might cost less than the expense of putting you up in a pricey hotel.
Taxpayers still have time to decrease their 2014 taxes by contributing to an IRA. In most cases, doing so can help them qualify for a deduction or even a tax credit.
The AICPA has submitted a letter on March 19 to the Internal Revenue Service (IRS) and the Department of the Treasury recommending relief for surviving spouses who would like to elect portability of their deceased spouse’s unused estate tax exemption.
The April 1 deadline applies to owners of traditional IRAs but not Roth IRAs. Normally, it also applies to participants in various workplace retirement plans, including 401(k), 403(b) and 457 plans.
First, to claim a charitable contribution deduction, donors must get a written acknowledgement from the charity for all contributions of $250 or more. This includes gifts of both cash and property.