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Posts from June, 2019

  • Upcoming Tax Deadlines: June-September 2019 June Day 10 Employees Who Work for Tips – If you received $20 or more in tips during May, report them to your employer. You can use Form 4070. 17 Individuals – If you’re a U.S. citizen or resident alien living and working (or on military duty) outside the United States and ... Continue Reading
  • Tips for students with summer jobs With summer almost here, many students will turn their attention to making money from a summer job. Not all the money they earn will make it to their pocket because employers must withhold taxes from their paycheck. Here are some tax tips young individuals should know when ... Continue Reading
  • Home office deductions Small business owners may qualify for a home office deduction that will help them save money on their taxes, and benefit their bottom line. Taxpayers can take this deduction if they use a portion of their home exclusively, and on a regular basis, for any of the following: As ... Continue Reading
  • Featured credits and deductions for businesses Deductions Qualified business income deduction Many individuals, including owners of businesses operated through sole proprietorships, partnerships, S corporations, trusts and estates may be eligible for a qualified business income deduction, also called the section 199A ... Continue Reading
  • Taxpayers should include tax plans in their wedding plans Couples getting married this year know there are a lot of details in planning a wedding. Along with the cake and gift registry, their first tax return as a married couple should be on their checklist. The IRS has tips and tools to help newlyweds consider how marriage may ... Continue Reading