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Taxpayers Can Go to IRS.gov for Answers to Questions about Payments and Penalties

Questions about tax payments and penalties come up all year long. Taxpayers can find most answers to these questions on IRS.gov. They can head over to the Let Us Help You page, which features links that take users to information and resources on a wide range of topics related to penalties and payments. Payments Payment options This [...]

Key Tax Considerations You Should Be Aware Of

By now, we’re in full swing under new tax laws. The Tax Cuts and Jobs Act (TCJA) was signed into law at the end of 2017, with taxpayers seeing the real effects when they filed their returns in 2019. This legislation has made a profound impact on many taxpayers and has created new planning opportunities. Here [...]

Gambling Winnings and Losses

 The following article was published by the IRS. If you gamble, you need to know that gambling winnings are generally taxable and must be reported on your tax return. If you itemize your deductions on Schedule A, then you may also claim your gambling losses and other gambling-activity expenses, such as travel back and forth [...]

Employers Who Provide Leave Might Qualify to Claim Valuable Credit

Employers who provide paid family and medical leave to their employees might qualify for a credit that can reduce the taxes they owe. It's called the employer credit for family and medical leave. Here are some facts about the credit to help employers find out if they might be able to claim it. To be eligible, [...]

Holiday Online Shopping Tip – Use Safe Methods for Purchases

With holiday shopping season in full swing, make sure that you use safe methods when making purchases online. When going to make a purchase, ask yourself what information you are handing over. Before providing payment and personal information, be sure to check the website's privacy policy so that you understand how your information will be used. [...]