The IRS has announced it will delay the start of tax season due to the Federal government shut-down. The agency needs adequate time to program and test tax processing systems prior to the start of next tax season. The earliest individual tax returns will be accepted is now January 28, 2014. The filing deadline remains… Continue reading IRS Delays Tax Season
Tag: Accounting
Now’s the time for Mid-Year Projections
Now's the time to get a Mid-Year Tax Projection to see how you'll do on April 15 next year. If you have self-employment income, made a job change during the year, have multiple sources of income, or just want to see where you stand tax-wise, our Mid-Year Tax Projection Service will help! We'll calculate a… Continue reading Now’s the time for Mid-Year Projections
Tips for Taxpayers Who Travel for Charity Work
From IRS Tax Tips Newsletter: Do you plan to travel while doing charity work this summer? Some travel expenses may help lower your taxes if you itemize deductions when you file next year. Here are five tax tips the IRS wants you to know about travel while serving a charity. 1. You must volunteer to work… Continue reading Tips for Taxpayers Who Travel for Charity Work
Free Webinar Link: Get Your Deductions
Check out Andrew Schwartz's webinar "Get Your Deductions: Moonlighting and Deducting Professional Expenses Made Easy" http://www.screencast.com/t/Zksfdssln Are you unsure what expenses you can deduct from your moonlighting income? Not sure what to track all year for professional expenses? Do you want to make sure you receive the maximum deduction allowed for work-related expenses? If so,… Continue reading Free Webinar Link: Get Your Deductions
WHAT’S NEW WITH THE FICA REFUND?
In a shocking development, the IRS recently announced that they will be honoring the FICA tax refunds submitted by residency programs and individual doctors. The catch is that only FICA taxes paid prior to 4/1/05 qualify. For more information, go to our MDTAXES' April 2010 Newsletter, our January 2009 Newsletter, or our February 2001 Newsletter or… Continue reading WHAT’S NEW WITH THE FICA REFUND?