Can’t Pay Your Taxes? Why It’s Still Important to File Your Tax Return

If you owe tax but can't pay, you should still file your tax return on time to avoid a failure to file penalty. Then pay as much as you can to minimize interest. The IRS offers various payment options if you're having difficulty.

IRS Expands Penalty Waiver for Those Whose Tax Withholding and Estimated Tax Payments Fell Short in 2018

The following article was published by the IRS. The Internal Revenue Service has provided additional expanded penalty relief to taxpayers whose 2018 federal income tax withholding and estimated tax payments fell short of their total tax liability for the year. The IRS is lowering to 80 percent the threshold required to qualify for this relief. …

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Why Social Security Retirement is Important to Women

The following article was published by the SSA. Social Security plays an especially important role in providing economic security for women. In the 21st century, more women work, pay Social Security taxes, and earn credit toward monthly retirement income than at any other time in our nation’s history. But, women face greater economic challenges in …

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Qualified Business Income Deduction

There's a new tax deduction for pass-through businesses called the Qualified Business Income Deduction (a.k.a. the Section 199A Deduction). You can deduct up to 20% of any qualified business income, real estate investment trust dividends, or publicly traded partnership income. If you're self-employed or an independent contractor and report your income on a Schedule C, …

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Contribute to an IRA by April 15 to Claim It on 2018 Tax Returns

The following article was published by the IRS.  It’s not too late to contribute to an Individual Retirement Arrangement (IRA) and still claim it on a 2018 tax return. Anyone with a traditional IRA may be eligible for a tax credit or deduction on their 2018 tax return if they make contributions by April 15, …

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8 Popular Social Media Channels with Small Businesses

The following article was published by the SBA. There are more than 3 billion people around the world using social media monthly, according to 2018 research from We Are Social and Hootsuite. So if you’re not leveraging this massive audience for your business, you could be missing out on huge growth opportunities. There are hundreds …

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