Seniors Can Reduce Their Tax Burden by Donating to Charity through their IRA

This article was published by the IRS. In most cases, distributions from a traditional Individual Retirement Account are taxable in the year the account owner receives them but there are some exceptions. A qualified charitable distribution is one of the few exceptions. A QCD is a nontaxable distribution made directly by the trustee of an IRA [...]

IRS Small Business Self-Employed Tax Center

If you're a long-time business owner, or just thinking about starting a new venture and working for yourself, you should know about the IRS Small Business & Self-Employed Tax Center. This online tool is your one-stop resource to help you learn about the tax issues involved in owning your own business. To access the site, visit [...]

Under the Taxpayer Bill of Rights, All Taxpayers Have the Right to Finality of IRS Matters

This article was published by the IRS. By law, taxpayers interacting with the IRS have the right to finality. This right comes into play for taxpayers who are going through an audit. These taxpayers have the right to know when the IRS has finished the audit. This is one of ten basic rights — known collectively [...]

Not Too Much, Not Too Little – Taxpayers Should Check If Their Tax Withholding is Just Right

This article was published by the IRS. There are good surprises and there are bad surprises. Generally, a tax-related surprise is probably unwanted. To avoid tax surprises, people should review their tax withholding. There's still time left in 2024 to make changes and see the benefit on their tax return next year. An adjustment made now [...]

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