IRS Reminds Truckers: E-file Highway Use Tax Return By Aug. 31
Jul30

IRS Reminds Truckers: E-file Highway Use Tax Return By Aug. 31

The Internal Revenue Service today reminded owners of most heavy highway vehicles that the time to file Form 2290, Heavy Highway Vehicle Use Tax Return, began July 1, 2018.   The highway use tax applies to highway motor vehicles with a taxable gross weight of 55,000 pounds or more. This generally includes large trucks, truck tractors and buses. The tax is based on the weight of the vehicle and a variety of special rules apply....

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Just Married This Summer You May Want To Think About Taxes.
Jul27

Just Married This Summer You May Want To Think About Taxes.

Spring showers bring summer flowers and weddings typically aren’t far behind. Newlyweds have a lot to think about and taxes might not be on the list. However, there is good reason for a new couple to consider how the nuptials may affect their tax situation. The IRS has some tips to help in the planning:   Report changes in:   Name. When a name changes through marriage, it is important to report that change to the Social...

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Making The Most Out Of Miscellaneous Tax Deductions.
Jul25

Making The Most Out Of Miscellaneous Tax Deductions.

Miscellaneous deductions are tax breaks that generally don’t fit into a particular tax category.  They can help reduce taxable income and the amount of taxes owed.  For example, some employees can deduct certain work expenses like uniforms as miscellaneous deductions.  To do that, they must itemize their deductions instead of taking the standard deduction on their tax return.   Here are several tips from the IRS about...

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Tips On How To Handle an IRS Notice Or Letter
Jul21

Tips On How To Handle an IRS Notice Or Letter

The IRS mails millions of letters every year to taxpayers for a variety of reasons. Keep the following suggestions in mind on how to best handle a letter or notice from the IRS:   Do not panic. Simply responding will take care of most IRS letters and notices.   Do not ignore the letter. Most IRS notices are about federal tax returns or tax accounts. Each notice deals with a specific issue and includes specific instructions...

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2018 Summertime Tax Tip Program.
Jul18

2018 Summertime Tax Tip Program.

More than 719,000 taxpayers received plain-language Tax Tips directly to their email inbox during this past tax filing season and got the information they needed to help them file their taxes.   Because taxes are year-round for many taxpayers, and many taxable situations arise during the summer months, the Internal Revenue Service offers a Summertime Tax Tip program that begins July 3. The IRS is encouraging taxpayers to sign up...

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