January 2018Tax Reform Provides New 20% DeductionThe new 2018 Section 199A tax deduction that you can claim on your IRS Form 1040 is a big deal. There are many rules (all new, of course),...
Posted by Riesenbeck Financial Group Inc. on 01/20/2018
When it comes time to file your taxes, you have to know your status. For most people, it is as simple as whether you are married or not as of Dec 31. But there are some special situations...
If you owe taxes to the IRS, you should know about the IRS penalties for late filing and paying federal taxes because these penalties could increase your tax bill significantly. To...
Posted by Lone Star Tax Group on 01/18/2018
Military taxes are an exemption for many retirees in an increasing number of states. West Virginia is the most recent addition, just after Arkansas passed a law that will end taxation...
Posted by Lone Star Tax Group on 01/04/2018
There are numerous differences between so-called civilian tax and military tax deductions. For one thing, combat pay is not taxable for enlisted personnel and, within certain limits,...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 01/04/2018
Retirement taxes and long-term tax planning, in general, can be a challenge for anyone who wants to make sure their golden years are financially secure. The primary factor at play...
Posted by Lone Star Tax Group on 01/04/2018
Trust fund taxes, and the related reporting of them on annual returns, are among the most baffling topics for people who receive income from trusts throughout the year.The good news...
Posted by Lone Star Tax Group on 12/28/2017
Usually, the Internal Revenue Service (IRS) never fails to remind how much money you (taxpayer) owe to the IRS. But, for so not-so-strange reasons, the government agency chooses...
Posted by Maureen Thielen, EA, MST on 04/11/2017
January 6, 2017 by Amy Hebert Consumer Education Specialist, FTCWe’ve written before about scammers who trick people into paying with iTunes gift cards. The latest? They’re...
Posted by Emelia Mensa CPA on 01/06/2017