News / General Business

An easier way to get the right tax withheld from your paycheck this year

Source: sfchronicle.com - Mar 19, 2019

If you got a big federal tax bill or tax refund when you filed your 2018 return, now is a good time to change your payroll withholding to more closely match what you will owe this year. You can do... Read more >

Category: General Business

IRS Schedule 4: Do You Owe These 7 Extra Taxes?

Source: fool.com - Mar 19, 2019

Tax reform measures have created new tax forms for taxpayers to complete, and many people are struggling to understand how to deal with the differences between the new forms and what they've filled... Read more >

Category: General Business

Small businesses cheer Trump tax reforms, but some feel they didn't go far enough

Source: cnbc.com - Mar 19, 2019

Lana Pol's small businesses are enjoying big savings under the new tax law — at least for now. The entrepreneur runs four small companies across Iowa, including Mowbility Sales & Service, which... Read more >

Category: General Business

Tax refund fraud: IRS crackdown ensnares legitimate taxpayers

Source: usatoday.com - Mar 16, 2019

Kim Henry thought she had a simple tax return this year. The 59-year-old resident of Fort Wayne, Indiana was expecting a small refund – just $327. But after submitting her return electronically... Read more >

Category: General Business

Louisiana work ongoing to claw back $26M in improper refunds

Source: katc.com - Mar 16, 2019

BATON ROUGE, La. (AP) – Louisiana officials say they expect to retrieve the “vast majority” of $26 million in tax refund overpayments electronically. The Division of Administration, which... Read more >

Category: General Business

Health Savings Accounts Can Reduce Tax Bills. But Beware the Paperwork.

Source: nytimes.com - Mar 16, 2019

At this time of year, many people are looking for ways to reduce their tax bills. One option may be to make a contribution to a health savings account. You can still make contributions for the... Read more >

Category: General Business

Louisiana school board backs governor’s teacher raise plan

Source: apnews.com - Mar 14, 2019

BATON ROUGE, La. (AP) — Gov. John Bel Edwards’ push to give Louisiana public schoolteachers a pay raise and school districts their first spending increase in years won support Tuesday from the... Read more >

Category: General Business

Inequality and Tax Rates: A Global Comparison

Source: cfr.org - Mar 14, 2019

As the 2020 campaign for the presidency of the United States gets underway, candidates have announced a raft of new tax proposals, including increases in the top marginal income tax rate, the... Read more >

Category: General Business

What if I can't afford to pay my taxes?

Source: nbcnews.com - Mar 14, 2019

It’s the surprise you don’t want when preparing your tax return — instead of the anticipated refund, you owe money. Millions of Americans are getting hit with unexpected tax bills this year.... Read more >

Category: General Business

THE COLOR OF MONEY: CPA experts answer the most common 2019 tax-return questions

Source: pottsmerc.com - Mar 12, 2019

WASHINGTON — Some taxpayers are feeling a little battle weary after filing their 2018 returns. People are shell-shocked. Either they got less of a refund than they expected, or they've been hit... Read more >

Category: General Business

axes 2019: How long should I keep my tax returns?

Source: usatoday.com - Mar 12, 2019

When it comes to tax returns, the rule of thumb is to store those suckers for seven years in case the Internal Revenue Service or state government has some questions. But for most taxpayers,... Read more >

Category: General Business

Dems seek relief for worried taxpayers in tough filing season

Source: thehill.com - Mar 12, 2019

Democratic lawmakers and taxpayer rights advocates are stepping up their calls for the IRS and Congress to provide more help for taxpayers during a filing season challenged by President Trump's tax... Read more >

Category: General Business

Benefits Planner: Retirement

Source: ssa.gov - Mar 2, 2019

Benefits For Your Spouse Even if you have never worked under Social Security, you may be able to get spouse’s retirement benefits if you are at least 62 years of age and your spouse is receiving... Read more >

Category: General Business

Working While Receiving Social Security Disability Understand how job opportunities can impact your disability benefits.

Source: money.usnews.com - Mar 2, 2019

To become eligible for Social Security disability benefits, you must be unable to engage in substantial gainful activity. However, you may be able to earn a small amount of income while receiving... Read more >

Category: General Business

After weeks of worry, Americans' tax refunds are finally trending up

Source: businessinsider.com - Mar 2, 2019

After three weeks of hand-wringing, some Americans got good news about the size of their tax refunds. The IRS data from the first three weeks of the tax season showed that the size of the average... Read more >

Category: General Business