Blog tagged as Taxes
IRS layoffs may slow tax processing, especially for paper returns or those needing manual review. To avoid delays, file electronically, double-check for errors and submit early.
Comment(s)
E-Filing Begins January 29
Your accountant can e-file your taxes as early as January 29th, if you have all your documents in order. This is just a few days away, so if you want to get ahead of the game and get your refund sooner, make sure you have all of your documents submitted to your accoun...
1. Check Your Withholdings
The tax reform laws that were implemented for 2018 caused the automatic withholdings on most people’s paychecks to drop. While this likely meant larger paychecks for you throughout the year, it will also impact your taxes. If you’re used to receiving or owing roughly ...
The blog lists common tax forms like W-2, 1099-MISC, 1099-DIV, 1099-INT, and K-1, and advises bringing relevant documents for your tax interview.
If your business has a net loss, you may qualify for a Net Operating Loss (NOL) to offset future taxable income. Loss deductions vary by business type, with sole proprietors and pass-through entities reporting losses on personal returns. At-risk and passive activity rules may limit deductions.