Here’s What Taxpayers Should Consider When Determining if They Need to File

The following article was published by the IRS. As people prepare to file their taxes, there are things to consider. They will want to determine if they need to file and the best way to do so. For tax year 2018, all individual taxpayers will file using the new Form 1040. Forms 1040A and 1040EZ …

Continue reading Here’s What Taxpayers Should Consider When Determining if They Need to File

Advertisements

Understanding Spouses’ Benefits

The following article was published by the SSA. Marriage is a cultural institution that exists all over the world. Having a partner means sharing many things including a home and other property. Understanding how your future retirement might affect your spouse is important. When you’re planning for your fun and vibrant golden years, here are …

Continue reading Understanding Spouses’ Benefits

IRS Issues Standard Mileage Rates for 2019

The following article was published by the IRS. The Internal Revenue Service has issued the 2019 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2019, the standard mileage rates for the use of a car (also vans, pickups …

Continue reading IRS Issues Standard Mileage Rates for 2019

IRS Waives Penalty for Many Whose Tax Withholding and Estimated Tax Payments Fell Short in 2018

The following article was published by the IRS.  The Internal Revenue Service is waiving the estimated tax penalty for many taxpayers whose 2018 federal income tax withholding and estimated tax payments fell short of their total tax liability for the year. The IRS is generally waiving the penalty for any taxpayer who paid at least …

Continue reading IRS Waives Penalty for Many Whose Tax Withholding and Estimated Tax Payments Fell Short in 2018