TAX TIPS Archive

  • Tips for Taxpayers Who Missed the April Filing Deadline

    While the federal income tax-filing deadline has come and gone for most people, some taxpayers still haven’t filed or paid their taxes. Here are some tips for handling common issues after the filing deadline has passed: Anyone who didn’t file and owes tax should file […]

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  • Tax credit can help employers hiring new workers; key certification requirement applies

    WASHINGTON —With many businesses facing a tight job market, the Internal Revenue Service reminds employers to check out a valuable tax credit available to them for hiring long-term unemployment recipients and other categories of workers with employment barriers. During National Small Business Week — April 29 […]

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  • How the Employer Credit for Family and Medical Leave Benefits Employers

    During National Small Business Week, the IRS focuses on educating employers about the employer credit for paid family and medical leave created by the Tax Cuts and Jobs Act passed last year. Employers may claim the credit based on wages paid to qualifying employees while […]

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  • Tax Reform: Changes to Depreciation Affect Businesses Now

    As employers across the country celebrate National Small Business Week, the IRS reminds businesses that the passage of the Tax Cuts and Jobs Act may affect their depreciation deductions and taxes. Business taxpayers can generally depreciate tangible property except land, including buildings, machinery, vehicles, furniture and equipment. […]

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  • Missed the tax-filing deadline? IRS issues tips on what to do

    WASHINGTON — While the federal income tax-filing deadline has passed for most people, there are some taxpayers still facing tax-related issues. This includes people who still haven’t filed, people who haven’t paid their taxes or those who are waiting for their tax refund. The IRS […]

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  • Tips for Taxpayers Who Have to Amend a Tax Return

    Taxpayers who discover they made mistakes or omissions on their tax return can correct them by filing an amended tax return. Those who need to amend should remember these tips: File using paper form. Use Form 1040X, Amended U.S. Individual Income Tax Return, to correct the […]

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