1. Tax refunds in 2019 – It Can Get Complicated

    Posted by
    /
    The IRS starts processing tax returns towards the end of January and issuing refunds shortly after. This year may be quite different in that we are currently dealing with the partial government shutdown. The government employees, which also include the IRS staff, have been furloughed for a few weeks already...
  2. What’s My ITIN?

    Posted by
    /
    An Individual Taxpayer Identification Number, or ITIN, is a number issued by the IRS to individuals who are required to have a taxpayer id number for the purpose of filing federal tax returns, but who do not qualify to obtain a social security number. Individuals who were issued an ITIN...
  3. Get Ready for Tax Season 2019!

    Posted by
    /
    This time last year we witnessed a development and implementation of the tax reform known as the Tax Cuts and Jobs Act. The reform has not only impacted the individuals and businesses, but also the IRS that has had to revise and update over 400 tax forms, publications, and instructions....
  4. Your Tax Toolbox

    Posted by
    /
    Time to file tax returns is running out with only hours left to go. Here are some topics to consider and make quick decisions on what to do next to ensure we are complying with the government regulations. Do I have to file taxes? If you worked in 2017, you...
  5. Last Day To File Taxes Today – April 17, 2018

    Posted by
    /
    This is arguably the busiest day to file taxes. If you still haven’t filed, there might be one more difficult decision to make before even starting to report the numbers and that is, how to do it and what product to use. If you plan to file by yourself, there...
  6. Tax Refunds – Over $1 Billion Still to Claim

    Posted by
    /
    It is hard to imagine anyone being excited about filing taxes unless you’re 100% convinced you’re getting a refund. And now according to the IRS there is roughly $1.1 billion in unclaimed tax refunds for 2014 alone! The IRS estimates that some one million taxpayers have not filed 2014 tax...
  7. How to Report Gains on Bitcoin & Other Digital Currency Trading

    Posted by
    /
    Despite the stellar stock market performance in 2017, there was one asset class that performed even better and that’s digital currencies. The incredible run-up in prices made people instant millionaires and generated tremendous public interest. Shortly after, the IRS sent series of press releases reminding investors that any gains from...
  8. New Tax Scam for 2018 – Same Old Problem

    Posted by
    /
    This is a topic that just doesn’t go away. But as long as money is exchanged, crooks will try to get a hold of them. Thieves are striking again and have changed their methods. Because the IRS has partnered with social security (with campaigns such as Don’t Take the Bait),...
  9. Taxpayer Bill of Rights

    Posted by
    /
    Filing taxes is just one of those necessary evils Americans embark on right after a new set of New Year’s resolutions. Other than tax accountants, hardly anyone is excited about going through the process. Even if you expect to receive a refund, you still have to go through hours of...
  10. Where’s my W-2 Form ? 2018 Tax Tips

    Posted by
    /
    Employers have until January 31 to provide you with W-2 form, but that’s not always a case. For multiple reasons, some take longer, but most people don’t complain about it. Keep in mind that employers may send W2s on the last day of January so it may take additional few...