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Tax Withholding For Seasonal and Part-Time Employees
Many businesses hire part-time or full-time workers, especially in the summer. The IRS classifies these employees as seasonal workers, defined as...
IRS Tax Debt Could Affect Passport Renewal
As a reminder, individuals with "seriously delinquent tax debts" could have their passport application or renewal denied or even have their current...
Saving for Education: Understanding 529 Plans
Many parents are looking for ways to save for their child’s education, and a 529 Plan is an excellent way to do so. Even better is that thanks to...
Certain Taxpayers May Need to File an Amended Return
Taxpayers who reported certain state 2022 tax refunds as taxable income may need to file an amended tax return. Affected taxpayers include those who...
What are Estimated Payments?
Estimated tax is the method used to pay tax on income not subject to withholding, such as income from self-employment, interest, dividends, alimony,...
What to do if you missed the Tax Deadline
Tuesday, April 18, 2023, was the deadline for most taxpayers to file their tax returns. If you haven’t filed a 2022 tax return yet, it’s not too...
Federal Tax Returns: Should You File an Extension?
Obtaining a six-month extension to file is relatively easy, and there are legitimate reasons for doing so; however, there are also a few downsides....
Defer Capital Gains With Sec. 1031 Exchanges
If you're a savvy investor, you probably know that you must generally report any mutual fund distributions as income, whether you reinvest them or...
Tax Credits for Accommodating Disabled Workers
Businesses that make structural adaptations or other accommodations for employees or customers with disabilities may be eligible for tax credits and...
