WASHINGTON – IRS SUMMERTIME TAX TIP 2012-03 – School’s out, but the IRS has another lesson for students who will be starting summer jobs. Summer jobs represent an opportunity for students to learn about the tax system. Read more
Some tax-cutting strategies make good financial sense. Other tax strategies are simply bad ideas, often because tax considerations are allowed to override basic economics. Read more
WASHINGTON – IRS Summertime Tax Tip 2012-01 – During the summer many parents may be planning the time between school years for their children while they work or look for work. The IRS wants to remind taxpayers that are considering their summer agenda to keep in mind a tax credit that can help them offset some day camp expenses. Read more
In these tough economic times, many people are taking a hard look at employment alternatives — some, because they’ve lost their seemingly stable jobs in the corporate world; others, because they dream of striking out on their own. Read more
Any taxpayer that has income that is not subject to withholding may need to make quarterly estimated income tax payments. Read more
If you are operating your business as a partnership, you should have a written partnership agreement. This is true for family partnerships as well. Read more
The e-mail from your bank gets your attention right away. It says you need to log into your account in the next 48 hours to continue your online privileges. Something about a system upgrade. You wonder, is it legitimate? How can you know for sure? Read more
Once you have filed your 2011 tax return, you may still have a few tax questions. The IRS provides these answers to commonly asked questions. Read more
Spring and summer — the wedding season is upon us. Before walking down the aisle, take a minute to consider a serious matter. Read more
IRS Tax Tip 2012-65 – You may need to pay estimated taxes to the IRS during the year if you have income that is not subject to withholding. This depends on what you do for a living and the types of income you receive.
These six tips from the IRS explain estimated taxes and how to pay them. Read more