Tax Quotes For Fun.
Jul18

Tax Quotes For Fun.

When it comes to taxes, everyone has an opinion. These quotes reflect the opinions of their authors; their inclusion here is not an official IRS endorsement of the sentiments expressed.   “Taxes are what we pay for civilized society.” — Oliver Wendell Holmes, Jr., U.S. Supreme Court Justice   “The power of taxing people and their property is essential to the very existence of government.” — James Madison, U.S. President...

Read More
How Do I Choose A Tax Preparer?
Jul14

How Do I Choose A Tax Preparer?

Before paying someone to do your taxes make sure they are qualified. Ask about their fees, experience, and training. Check with Better Business Bureau. Avoid any Tax Preparer who promises a higher refund. Always review your tax return before you sign it… and make sure your Tax Preparer signs it too.   Account On Us offers many services for individuals such as income tax preparation, estate tax preparation, gift tax preparation, IRS...

Read More
Summer Tips For Temporary Jobs, Marriage, Deductions And Credits.
Jul13

Summer Tips For Temporary Jobs, Marriage, Deductions And Credits.

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 from the IRS that may help taxpayer’s lower taxes and avoid issues with...

Read More
IRS Is Working On A New Form 1040 For 2019 Tax Season.
Jul11

IRS Is Working On A New Form 1040 For 2019 Tax Season.

As part of a larger effort to help taxpayers, the Internal Revenue Service plans to streamline the Form 1040 into a shorter, simpler form for the 2019 tax season.   The new 1040 – about half the size of the current version — would replace the current Form 1040 as well as the Form 1040A and the Form 1040EZ.  The IRS circulated a copy of the new form and will work with the tax community to finalize the streamlined Form 1040...

Read More
Tax Bill This Year? Check Withholding Soon, Avoid Another One Next Year
Jul08

Tax Bill This Year? Check Withholding Soon, Avoid Another One Next Year

Taxpayers who owed additional tax when they filed their 2017 federal tax return earlier this year can avoid another unexpected tax bill next year by doing a “paycheck checkup” as soon as possible, according to the Internal Revenue Service.   The Tax Cuts and Jobs Act, the tax reform legislation passed in December, made major changes to the tax law, including increasing the standard deduction, removing personal exemptions,...

Read More