1040 W-2 W-9 forms

A Summer Adjustment Can Prevent a Tax-Time Surprise

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WASHINGTON – IRS SUMMERTIME TAX TIP 2014-10 – When it comes to filing a federal tax return, many people discover that they either get a larger refund or owe more tax than they expected. But this type of tax surprise doesn’t have to happen to you. One way to prevent it is to change the amount of tax withheld from your wages. You can also change the amount of estimated tax you pay. Here are some tips to help you bring the amount of tax that you pay in during the year closer to what you’ll actually owe: Read more

Education

Grandparents Can Help With College Costs

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Are you a grandparent who wants to help pay for a grandchild’s college education? You’ll find several ways to do this, each with its own limitations and tax consequences. Read more

Wedding Ring

Summer Weddings Mean Tax Changes

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WASHINGTON – IRS SUMMERTIME TAX TIP 2014-02 – Taxes may not be high on your summer wedding plan checklist. But you should be aware of the tax issues that come along with marriage. Here are some basic tips that can help keep those issues to a minimum: Read more

Protect your Family

Keep Your Records Safe in Case Disaster Strikes

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WASHINGTON – IRS SPECIAL EDITION TAX TIP 2014-15 – Some natural disasters are more common in the summer. But major events like hurricanes, tornadoes and fires can strike any time. It’s a good idea to plan for what to do in case of a disaster. You can help make your recovery easier by keeping your tax and financial records safe. Here are some basic steps you can take now to prepare: Read more

Education

Hiring Family in the Family Business Can Cut Taxes

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As the summertime school vacation season approaches, young family members may be looking for a job – and having a hard time finding one. Hire them in your family business, and you get a double benefit: helping the kids gain valuable experience and garnering tax breaks for your company. Read more

Business startup

A Vital Business Document: The Buy/Sell Agreement

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Like a will, a buy/sell agreement (also known as a business continuity contract) spells out how assets and other business interests will be distributed should an owner quit, become disabled, or die. Read more

Study Reveals Retirement Concerns

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A recent study conducted by Harris Interactive of 1,000 middle class individuals aged 25 to 75 revealed some interesting statistics about retirement attitudes. Read more

Take Steps to Boost Your Business Profits

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Keeping your company profitable when the economy slows down is a challenge for every business. You may be able to boost your bottom line with the following financial controls. Read more

Phishing Scams

Don’t Fall for the Dirty Dozen Tax Scams

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WASHINGTON – IRS SPECIAL EDITION TAX TIP 2014-08 – Every year, people fall prey to tax scams. That’s why the IRS sends a list of its annual “Dirty Dozen”. We want you to be safe and informed – and not become a victim. Read more

1040 W-2 W-9 forms

Form W-2 Missing? IRS Can Help

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WASHINGTON – IRS TAX TIP 2014-17 – If you worked as an employee last year, your employer must give you a Form W-2, Wage and Tax Statement. This form shows the amount of wages you received for the year and the taxes withheld from those wages. It’s important that you use this form to help make sure you file a complete and accurate tax return. Read more