Blog Profile / Don't Mess With Taxes


URL :http://dontmesswithtaxes.typepad.com/
Filed Under:Business & Finance / Taxes
Posts on Regator:2986
Posts / Week:6.6
Archived Since:September 28, 2008

Blog Post Archive

Why we put off filing our taxes and how to stop it

The 2017 tax filing season has been officially underway for just more than a week. Lots of folks have already filed their returns. The Ally Bank fortune cookie I got at FinCon16 last September was already planning for this filing season. Show More Summary

The many versions of IRS Form 1099

Jan. 31 is a key annual tax deadline. It’s the date employers must send W-2 and 1099-MISC forms to folks who received at least $600 in compensation the preceding tax year. Jan. 31 also now is the deadline for employers to also submit that W-2 and 1099-MISC data to the Social Security Administration (SSA). Show More Summary

Fake CEO phishing tax scam is back

Remember that tax scam last spring where crooks posing as company executives sent emails asking for workers' payroll data? It was the one that fooled lots of folks, including a Milwaukee Bucks employee who thought that the message really did come from the NBA franchise's president. Show More Summary

Californians file most EITC claims, get most money But biggest average tax credit check goes to Mississippi filers

Every year, the Internal Revenue Service makes a concerted effort to hand out more Earned Income Tax Credit (EITC) money. The reason, says the tax agency, is that around 20 percent of eligible filers consistently fail to file for this refundable tax credit. Show More Summary

Millions of taxpayers are missing out on EITC tax refunds

The Earned Income Tax Credit, or EITC, is one of the filing claims that is delaying federal (and in some cases, state) tax refunds this year. But even if you have to wait a few extra weeks to get your refund from Uncle Sam (or your state tax office), filing for the EITC is usually worth it. Show More Summary

State tax refunds likely to be delayed, too

Most taxpayers who file federal returns also must do the same for their state taxes. And most those state filings tend to conform to federal laws. That means that, among other things, state deadlines usually are the same as the ones set by the Internal Revenue Service. Show More Summary

Trump's hiring freeze ices out would-be IRS worker

As the Internal Revenue Service began accepting tax returns this week, the agency's commissioner noted that "the dedicated employees of the IRS look forward to serving taxpayers this filing season." IRS Commissioner John Koskinen's staff, however, apparently is not going to be as large this year as he had planned. Show More Summary

10 reasons to file a tax return even if you don't have to

Do you have to file a return? Don't shoot the messenger, but the answer usually is yes. If you are a U.S. citizen or resident who made money last year, whether you must tell the Internal Revenue Service about it depends on three things: Your gross income, Your filing status, and Your age. Show More Summary

New on more W-2 forms this year: a verification code

Tax filing season 2017 opens today! Yes, that is cheering you're hearing. It's from folks who file their taxes early, usually because they are getting refunds. They also are fortunate that they have all the materials they need to fill out their returns. Show More Summary

It's official: We're not seeing Trump's taxes

Not to run Donald J. Trump's penchant for tax secrecy into the ground -- OK, maybe just dig a shallow little hole and kick some on dirt on it -- but I couldn't resist the latest bit of info about the new prez's still concealed tax returns. Show More Summary

1st White House petition of Trump era seeks peek at 45th president's tax returns

When Donald J. Trump assumed the U.S. presidency at noon on Friday, Jan. 20, he and his staff also took over the White House website. This is the only glimpse of Donald Trump's taxes the new president has provided, a photo via Twitter of him signing his purported 2014 federal return on Oct. Show More Summary

5 tax tips for Free File users

Free File 2017 has been open for a week. Have you tried it out yet? The partnership between Uncle Sam and the private tax software industry has been around since 2003. This year, a dozen companies are offering their services to eligible taxpayers. Show More Summary

Tax considerations for parents of kidnapped children

A Jacksonville, Florida, mother and father finally saw their daughter after being separated for 18 years. Kamiyah Mobley was known as Alexis Manigo when she took this undated Instagram selfie with Gloria Williams, the woman she grew up thinking was her birth mother. Show More Summary

Nanny tax trouble for Trump budget office nominee

Rep. Mick Mulvaney is going to have to answer some nanny tax questions if he hopes to become President-elect Donald Trump's budget director. Rep. Mick Mulvaney speaks to some of his South Carolina constituents on last September's Constitution Day. Show More Summary

Amazon to collect South Dakota, Wyoming sales taxes

The online sales tax list for the world's largest online retailer gets longer. Amazon will start collecting state sales taxes on shipments to South Dakota on Feb. 1 and to Wyoming on March 1. If, however, you buy from other online vendors who ship to those states, your bills might not contain a sales tax charge. Show More Summary

Your MLK Day volunteer time is not tax deductible, but some related contributions might be

On this Dr. Martin Luther King Jr. federal holiday, the last MLK Day that Barack Obama will serve as U.S. President, the 44th commander in chief will once again spend part of his afternoon volunteering. President Obama and younger daughter Sasha helped out during an earlier MLK Day at DC Central Kitchen. Show More Summary

More tax whistleblowers were rewarded last year, but they got less money

It's been 10 years since the Internal Revenue Service Whistleblower Office was created to reward those who turn in tax cheats. It's been a pretty good decade. In particular, notable advances were made last year, according to the Whistleblower Office's fiscal year 2016 annual report. Show More Summary

Phishing criminals pose as potential tax clients to infiltrate tax preparers' systems and steal data

Millions of taxpayers prepare their own returns using tax software. Even the Internal Revenue Service encourages this do-it-yourself approach with Free File. So it's no surprise that many tax professionals are looking at ways to retain and add to their client base. Show More Summary

Final 2016 estimated tax payment is due Tuesday, Jan. 17

The early part of any new year demands we be tax multitaskers. As we're getting ready to file last year's returns, we also must start planning moves that affect this year's taxes. For the next few days, though, it's time for those of us who pay estimated taxes to focus on 2016. Show More Summary

Tax filing checklist 2017

Tax filing season 2017 really is here. Some folks have already filed their tax year 2016 federal return even though the Internal Revenue Service won't start processing the submitted forms until Jan. 23. Others of us are still waiting for the tax documents we need to fill out our forms. Show More Summary

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