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2019-07/10 Taxpayers who got an extension and recently filed their 2018 tax returns may be spending their summer days waiting for a refund to appear. If that’s you, you can easily check the status of your refund on the IRS.gov “Where’s My Refund?” page: http://bit.ly/2w6gbp0. Or use this IRS app: http://bit.ly/2BTAVhB. You’ll need your Social…
2019 – 07/15 The IRS offers some “summertime tax tips” for a sunnier tax season. For example, newlyweds should report any name changes to the Social Security Administration before filing tax returns next year. Report address changes to the U.S. Postal Service, employers and the IRS to ensure receipt of tax-related items. Taxpayers who send…
There’s good news about the Section 179 depreciation deduction for business property. The election has long provided a tax windfall to businesses, enabling them to claim immediate deductions for qualified assets, instead of taking depreciation deductions over time. And it was increased and expanded by the Tax Cuts and Jobs Act (TCJA). Even better, the…
