Tax Forms

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If you file jointly and your spouse has a debt (this can be a federal, state income tax, child support, or spousal support debt) the IRS can apply your refund to one of these debts, which is known as an “offset.” The agency can also take a collection action against you for the tax debt

If you file jointly and your spouse has a debt (this can be a federal, state income tax, child support, or spousal support debt) the IRS can apply your refund to one of these debts, which is known as an “offset.” The agency can also take a collection action against you for the tax debt

I recently blogged about the IRS’s broad relief for late filing penalties for 2019 and 2020 tax returns. During the height of the pandemic, taxpayers experienced many obstacles to the timely filing of their 2019 and 2020 tax returns. Because of the scale of the problem, the National Taxpayer Advocate, Members of Congress, and tax

Part of your Mid-Year Tax Checkup should include seeing whether you have any overdue tax returns and making sure you file them as soon as possible.  If you’re not sure whether you are required to file, you can use the IRS’s Interactive Tax Assistant Do I Need to File a Tax Return? to help figure it

Part of your Mid-Year Tax Checkup should include seeing whether you have any overdue tax returns and making sure you file them as soon as possible.  If you’re not sure whether you are required to file, you can use the IRS’s Interactive Tax Assistant Do I Need to File a Tax Return? to help figure it

The Inflation Reduction Act, which includes expanded or extended tax credits and additional funding for the IRS, was signed into law on August 16, 2022. How could the Inflation Reduction Act impact you when filing your next tax return? Below is a simplified summary of how the Inflation Reduction Act may affect you. Health Care

An IRS 1040 form, U.S. Individual Income Tax Return for 2017. (Associated Press) COLUMBIA, S.C. (WCBD)- According to the U.S. Census, nearly 19% of South Carolina residents are over the age of 65, and state officials want them to know of a few financial perks that accompany retirement. The South Carolina Department of Revenue is

COLUMBIA, S.C. (WCBD)- According to the U.S. Census, nearly 19% of South Carolina residents are over the age of 65, and state officials want them to know of a few financial perks that accompany retirement. The South Carolina Department of Revenue is offering tax tips that can help older South Carolinians keep more money in

Businesses looking to enter New York’s recreational cannabis industry should be pleased to know recent changes to state tax laws are slowly making the venture more financially feasible. Ever since New York passed the Marijuana Regulation and Taxation Act (the Act) in 2021, which legalized recreational possession and use of cannabis for those over the