Monthly Newsletter September 2018

by in Newsletter on Sep. 6, 2018

Taxpayers should check out these helpful tax tools

Questions about taxes could come up any time of the year. Whether it’s about tracking a refund or paying a bill, taxpayers can find answers to their questions on IRS.gov. Here are some of the most popular IRS tools:

  • IRS Free File. Taxpayers who filed an extension can use IRS Free File to prepare and e-file a federal tax return. Free File is .

Monthly Newsletter for August 2018

by in Newsletter on Aug. 10, 2018

North Carolina Sales and Use Tax Update

 

The Sales and Use Tax Division has published SD-18-6 Sales and Use Collections on Remote Sales 8-7-2018.  The directive comes after the U.S. Supreme Court’s June decision in South Dakota v. Wayfair, in which the court found that physical presence is not necessary to create a substantial nexus between a remote seller and a taxing state.  Accordingly, North Carolina will enforce an existing law .

Monthly Newsletter for July 2018

by in Newsletter on Jul. 13, 2018

Taxpayers who owed tax this year should check their withholding soon

Taxpayers who owed additional tax when they filed their federal return earlier this year should do a “paycheck checkup” as soon as possible. The IRS Withholding Calculator and Publication 505, Tax Withholding and Estimated Tax, can help these taxpayers do a checkup and avoid another possibly bigger tax bill next year.

Following the Tax Cuts and Jobs Act, which .

Monthly Newsletter for June 2018

by in Newsletter on Jul. 13, 2018

IRS offers summer tips for temporary jobs, marriage, deductions and credits

WASHINGTON – Before starting a summer job, taking a vacation or sending the kids off to camp, the Internal Revenue Service wants taxpayers to know that some summertime activities may qualify for tax credits or deductions. The IRS also recommends that taxpayers check the amount of their withholding taxes now to help avoid surprises next filing season.

Here are some tips .

Monthly Newsletter for May 2018

by in Newsletter on May. 7, 2018

Disasters Don’t Plan Ahead, but You Can

Hurricane Preparedness Week is May 6-12. The IRS reminds taxpayers to prepare for hurricanes and other natural disasters now. By taking a few steps before disaster strikes, taxpayers can reduce their stress when it comes time to file claims or rebuild after the catastrophic event.

Here are some things for folks to consider:

  • Update Emergency Plans. Because a disaster can strike any time, taxpayers should review .

Monthly Newsletter for March 2018

by in Newsletter on Feb. 28, 2018

IRS Can Help Taxpayers Get Form W-2

Most taxpayers got their Form W-2, Wage and Tax Statement, by the end of January. Taxpayers need their W-2s to file an accurate tax returns, as the form shows an employee’s income and taxes withheld for the year.

Taxpayers who haven’t received their W-2 by the end of February should:

  • Contact their Employer. Taxpayers should ask their current or former employer for a copy of .

Monthly Newsletter for February 2018

by in Newsletter on Feb. 1, 2018

Updated 2018 Withholding Tables Now Available; Taxpayers Could See Paycheck Changes by February

 

WASHINGTON — The Internal Revenue Service today released Notice 1036, which updates the income-tax withholding tables for 2018 reflecting changes made by the tax reform legislation enacted last month. This is the first in a series of steps that IRS will take to help improve the accuracy of withholding following major changes made by the new tax law.

The .

Monthly Newsletter for January 2018

by in Newsletter on Dec. 28, 2017

What the tax reform bill means for individuals

 

December 20, 2017

 

H.R. 1, known as the Tax Cuts and Jobs Act, which both houses of Congress passed on Dec. 20, contains a large number of provisions that affect individual taxpayers. However, to keep the cost of the bill within Senate budget rules, all of the changes affecting individuals expire after 2025. At that time, if no future Congress acts to extend H.R. .

Monthly Newsletter for December 2017

by in Newsletter on Nov. 30, 2017

National Tax Security Awareness Week: Thieves Use W-2 Scam to get Employee Data

The IRS warns the nation’s business, payroll and human resource communities about a growing W-2 email scam. Criminals use this scheme to gain access to W-2 and other sensitive tax information that employers have about their employees.

This tip is part of National Tax Security Awareness Week. The IRS is partnering with state tax agencies, the tax industry and .

Monthly Newsletter for November 2017

by in Newsletter on Nov. 1, 2017

IRS Encourages Taxpayers to Check Their Withholding;

Checking Now Helps Avoid Surprises at Tax Time

 

 

WASHINGTON — As the end of 2017 approaches, the Internal Revenue Service today encouraged taxpayers to consider a tax withholding checkup. Taking a closer look at the taxes being withheld now can help ensure the right amount is withheld, either for tax refund purposes or to avoid an unexpected tax bill next year.

 

The withholding review takes on .