Tax breaks may boost paychecks by $40 a week
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If you’ve filed your taxes and are entitled to a refund, the IRS gives you several options for receiving it. Check: When you mail your return to the IRS, you’ll generally receive your mailed refund check within 6 to 8 weeks. If you e-file your return, you should receive your refund check within 3 weeks. […]
Investors who forget what they paid for shares of stock will get help starting next year, courtesy of the Internal Revenue Service. That’s when the U.S. tax-collection agency will require brokerages to track the cost basis on equities bought after Jan. 1, and send taxpayers and the government an annual form recording it when investors […]
Tax deductions are a big deal to both the Internal Revenue Service (IRS) and the individual. Taxpayers often consider the requirement of paying personal income taxes to be an onerous burden that can be greatly mitigated through the use of deductions. In recognition of this fact of life, the IRS has established a standard of […]
Some of the educational expenses you can deduct from your taxes are what you pay for tuition, costs of books and supplies, any laboratory fees you have and other items that can be considered necessary for your education. Expenses you incur for transportation and travel to attend your required classes are also deductible. If you […]
All taxpayers who were classified as employees of any kind during the year must report the income that is shown on their W-2 Forms. This form is mailed to all employees during tax season so that they can file their taxes. Independent contractors do not receive this form. Give your employer at least a couple […]
Disclaimer: The IRS does not endorse any particular individual tax return preparer. For more information on tax return preparers go to www.irs.gov. TheTaxTitan - IRS Certified Tax Return Preparer – Brooklyn, NY 11204 - (718) 938-0279. Proudly serving the areas of New York, NY; Brooklyn, Queens, Staten Island, Manhattan, Bronx and Long Island with professional income tax services