Monthly Archives: September 2019
The Importance of Renewing Your ITIN
Anticipating that as many as two million Individual Taxpayer Identification Numbers (ITINs) will expire by the end of this year, the IRS is encouraging affected taxpayers to file their renewal applications as soon as possible. Failing to take this step could result in a delayed refund next year, so if you believe that your… Read More »
Charitable Contributions and Tax Credits
The IRS recently finalized a series of rules requiring taxpayers to lower certain federal charity-related deductions by any applicable credits they anticipate receiving. Although these regulations, which were proposed last year, but finalized this month, were specifically drafted to help clear up any confusion regarding the relationship between federal deductions for charitable contributions and… Read More »
Taxpayer Payment Options
This month, the IRS began sending out tax bills to taxpayers who filed their returns on time, but who were unable to pay their tax debt in full by the April deadline. Recognizing that this can place a significant financial burden on struggling taxpayers, the IRS instituted a series of programs that allow qualifying… Read More »
Credits and Deductions that Could Help Your Company’s Bottom Line
Running a business can be costly and complicated, especially when tax season rolls around. Fortunately, there are a number of credits and deductions that can help small business owners and self-employed taxpayers with their bottom line. Determining eligibility for these deductions and credits can be difficult, so if you need help reviewing your tax… Read More »
