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Coronavirus response: Trump is delaying tax payments and extended filing deadline to July 15

On Tuesday White House announced how taxpayers will be able to defer any tax payments they may have. "If you owe the IRS you can defer up to $1million as an individual," said Treasury Secretary Steve Mnuchin, adding that the payments would...

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Coronavirus Tips

From the World Health Organization:             Do The Five 1. Hands Wash them often 2. Elbow Cough into them 3. Face Don't touch it 4. Feet Stay more than 3 feet apart 5. Feel sick? Stay at home   Office...

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Taxpayers should find out if they can benefit from the earned income tax credit

The earned income tax credit benefits working individual and families with low to moderate incomes.  EITC can lower a taxpqyer's taxes, and even result in a refund. To take advantage of this credit, taxpayers must file a tax return and claim...

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IRS and Treasury issue guidance for students with discharged student loans and their creditors

Rev Procedure 2020-11      This revenue procedure establishes a safe harbor extending the relief to additional taxpayers who took out Federal or private student loans to finance attendance at a nonprofit or for-profit school. ...

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IRS Announces Filing Season Open Dates

The IRS officially announces filing season open dates for Individual and Business returns. . Business (1065, 1120, 1120S, 1041, 990) Tuesday January 7, 2020 . Individual (1040) Monday January 27, 2020. At these times IRS will start processing...

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Taxpayers can take steps now to Get Ready to file their taxes in 2020

There are steps people can take now to make sure their tax filing experience goes smoothly next year. First, they can visit the Get Ready page on IRS.gov to find out more. Here are a few other things people can do now: Check...

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401(k) contribution limit increases to $19,500 for 2020; catch-up limit rises to $6,500

WASHINGTON — The Internal Revenue Service today announced that employees in 401(k) plans will be able to contribute up to $19,500 next year. The IRS announced this and other changes in Notice 2019-59, posted today on IRS.gov. This guidance...

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IRS offers videos on wide range of tax topics in American Sign Language

Please click below. https://www.youtube.com/watch?v=GpH4UUp9mRY&list=PLw0or9IbrTLxQOP-RCcqAPB7Js6iTGvpn

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Pay Your Taxes by Debit or Credit Card

Pay Your Taxes by Debit or Credit Card By Visiting IRS.GOV.  This is what you'll see.   You can pay by internet, phone, or mobile device whether you e-file, paper file or are responding to a bill or notice. It's safe and secure...

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Tax Withholding Estimator HOW TO CHECK YOUR TAXES NOW TO AVOID SURPRISES LATER

Tax Withholding Estimator HOW TO CHECK YOUR TAXES NOW TO AVOID SURPRISES LATER Thursday, September 19, 2019 2 pm ( Eastern); 1 pm (Central); 12 pm (Mountain); 11 am (Arizona); 11 am (Pacific); 10 am (Alaska); 8 am (Hawaii) This free 120-minute webinar...

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