Finance2017-09-05T09:34:18-08:00
2010, 2020

IRS adds QR technology to key balance due notices to help taxpayers

By |October 20th, 2020|Finance|Comments Off on IRS adds QR technology to key balance due notices to help taxpayers

Here are some helpful tips and information from the Internal Revenue Service in terms of the latest state-of-the-art technology it is using when it comes to communicating with taxpayers. For example, did you know, for the first time, the IRS has added barcode technology to notices it sends out to [...]

1310, 2020

IRS: check tax withholdings now as last quarter of 2020 starts

By |October 13th, 2020|Finance|Comments Off on IRS: check tax withholdings now as last quarter of 2020 starts

The Internal Revenue Service says now is the perfect time for taxpayers to review their tax withholding and payments to avoid a surprise when filing next year. An adjustment or two made now may boost take-home pay or allow taxpayers to pay more in the last quarter of 2020 to [...]

610, 2020

Taxpayers should know and understand their correct filing status

By |October 6th, 2020|Finance|Comments Off on Taxpayers should know and understand their correct filing status

Tax season may have passed for most but taxpayers in general still need to know their correct filing status and be familiar with each option. Single or Married Generally, the taxpayer's filing status depends on whether they are single or married on Dec. 31 and that determines their status for [...]

110, 2020

Cities whose August unemployment rates are bouncing back most

By |October 1st, 2020|Finance|Comments Off on Cities whose August unemployment rates are bouncing back most

The employment market continued to recover in August, as the latest jobs report shows that the national unemployment rate has fallen to 8.4%, which is 43% below the peak of 14.7% during the height of the COVID-19 pandemic. According to WalletHub's recently released report on the Cities Whose August Unemployment [...]

2909, 2020

IRS reminds taxpayers of the home office deduction rules

By |September 29th, 2020|Finance|Comments Off on IRS reminds taxpayers of the home office deduction rules

Working from home these days? The Internal Revenue Service wants individuals to consider taking the home office deduction if they qualify. The benefit may allow taxpayers working from home to deduct certain expenses on their tax return. The home office deduction is available to qualifying self-employed taxpayers, independent contractors, and [...]

2209, 2020

Tax relief for victims of Oregon wildfires; Oct. 15 deadline, other extensions

By |September 22nd, 2020|Finance|Comments Off on Tax relief for victims of Oregon wildfires; Oct. 15 deadline, other extensions

Help is here for victims of the Oregon wildfires and those suffering from straight-line winds that began on Sept. 7. Those affected now have until Jan. 15, 2021 to file various individual and business tax returns and make tax payments, the Internal Revenue Service said in a news release. The [...]

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