Tag: penalty

Adjusting Your Withholding

adjusting your withholding

Adjusting your withholding is something that should be done from time to time, especially under certain circumstances. Many people find they fill out a W-4 when they first start a job, but never again revisit the amount of exemptions. This

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Biggest Tax Code Change in 20 years!

The Affordable Care Act (ACA) is one of the biggest changes to the tax code in 20 years. And we’re only beginning to digest many confusing health-care-related tax rules that will directly hit 25 million to 30 million taxpayers. Question: Did

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Scam Artists Lure Victims Promising Outlandish Refunds!

Inflated Refund Claims Remain on the IRS “Dirty Dozen” List of Tax Scams for the 2015 Filing Season WASHINGTON — The Internal Revenue Service today warned taxpayers to be on the lookout for unscrupulous tax return preparers pushing inflated tax

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The Health Care Law’s Effect on Your Taxes

Nearly everyone is affected by the Affordable Care Act and will need to do something new when filing their taxes this year.  The following chart will help you better understand how the health care law affects you and everyone on your

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7 big tax changes in 2015

As 2014 draws to a close, it’s nearly time for the annual deluge of tax forms – including 1098’s reporting mortgage interest or W-2’s from employers reporting your annual wages. But while gathering documents for the past year’s taxes is

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Owe the IRS? Use Your Traditional IRA to Pay them Penalty Free!

Do you owe the IRS back taxes or a large tax bill for the current year? Many people with no other alternatives may think it is a good idea to take money out of their Traditional IRA to pay the

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