Posts from June, 2018

  • Upcoming Tax Deadlines: June - August 2018 June Friday, June 15 Individuals living outside the U.S.: File Form 1040. For automatic 4 month extension file Form 4868 and deposit estimated tax. Friday, June 15 Pay the second installment of 2018 estimated tax -Use Form 1040-ES. Friday, June 15 Corporations: Deposit the ... Continue Reading
  • Tax Tips to Keep in Mind When Selling a Home If you sell a home, you may qualify to exclude from your income all or part of any gain from the sale. Below are some things you should keep in mind when selling a home: Ownership and use. To claim the exclusion, you must meet the ownership and use tests. During a five-year ... Continue Reading
  • Tips for Teenagers Starting a Summer Job Now that school’s out, many students will be starting summer jobs…from working at a summer camp to being an office intern. The IRS reminds students that not all the money they earn may make it to their pocket. That’s because employers must withhold taxes from the employee’s ... Continue Reading
  • Tax Cuts and Jobs Act: Do You Itemize? Consider Checking Your Withholding to Avoid Tax Surprises. People who have itemized before may be affected by changes from the Tax Cuts and Jobs Act. Those who itemize should use the IRS Withholding Calculator to make sure their employers are withholding the appropriate amount of tax from their paychecks for their financial ... Continue Reading
  • Law Change Affects Moving, Mileage and Travel Expenses Below are changes from the Tax Cuts and Jobs Act that affect: Move related vehicle expenses Un-reimbursed employee expenses Vehicle expensing Changes to the deduction for move-related vehicle expenses The Tax Cuts and Jobs Act suspends the deduction for moving expenses for ... Continue Reading