Tax Forms

Tax refunds ‘should be bigger than ever,’ but you’ll have to work for it | Here are some 2022 filing tips

Tax refunds ‘should be bigger than ever,’ but you’ll have to work for it | Here are some 2022 filing tips

SAN ANTONIO — This is what you want to hear as a taxpayer: “Refunds should be bigger than ever,” said Mark Steber, chief tax information officer at Jackson Hewitt. Yet, there is always a caveat. Here it is: “There’s some work that’s going to be necessary to get that big refund,” Steber said. Being early

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Timber Tax Tips can help forest owners realize potential tax benefits | US Forest Service

Timber Tax Tips can help forest owners realize potential tax benefits | US Forest Service

Family forests provide many valuable goods and services that extend beyond their boundaries, including clean air and water, wildlife habitat, and carbon sequestration.  Although owners of forested land usually don’t get paid directly for those benefits, there are tax incentives that can be associated with management activities. Landowners often do not know that reforestation, timber

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Amending a Tax Return

Amending a Tax Return

If you realize there was a mistake on your return, you can amend it using Form 1040-X, Amended U.S. Individual Income Tax Return. For example, a change to your filing status, income, deductions, credits, or tax liability means you need to amend your return. Or, IRS may have made an adjustment to your return, and

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Practical Tax Tips for Individuals Investing in Qualified Opportunity Funds

Practical Tax Tips for Individuals Investing in Qualified Opportunity Funds

Qualified Opportunity Funds (QOF) are corporations or partnerships that hold at least 90% of their assets in IRS designated qualified opportunity zones (QOZ) with the goal of rebuilding low-income communities. Qualified Opportunity Funds, used as an alternative to a direct investment in a qualified opportunity zone property, offer an opportunity for individual investors to defer

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