Want to get tax information from the IRS on your mobile phone? The tax agency has a mobile app that is available for use on any iOS or Android device. The free app, called IRS2Go, allows taxpayers to make payments from their bank accounts or through credit or debit cards. You can also check the status of a refund and get tax tips and other information. Visit https://bit.ly/2BTAVhB for more details.
Please welcome the newest member to the HBL family……Lily! Proud parents are Michael and Espy – Congratulations!
The IRS issues a warning: Ensure Hurricane Florence relief charities are legitimate. The IRS is cautioning those who want to make charitable contributions to storm victims to avoid the scams that often follow major disasters. The tax agency recommends using its search feature, “Tax Exempt Organization Search,” on the IRS website, to help find or verify qualified charities. Also, make contributions only by check or credit card and don’t provide personal information, such as a Social Security number.
The IRS has announced that next year’s Form W-4 will be similar to this year’s version. W-4s are completed by employees and given to employers so the correct amount of federal tax can be withheld from their paychecks. In June, the IRS released a draft 2019 W-4, which payroll and tax advisors complained was too complex. The form was more complicated than in the past due to changes in the Tax Cuts and Jobs Act.
Users can get to the tax reform section of the IRS web page by:
Want to get tax information from the IRS on your mobile phone? The tax agency has a mobile app that is available for use on any iOS or Android device. The free app, called IRS2Go, allows taxpayers to make payments from their bank accounts or through credit or debit cards. You can also check the status of a refund and get tax tips and other information. Visit https://bit.ly/2BTAVhB for more details.
The U.S. government had an estimated budget deficit of $682 billion for the first 10 months of fiscal year (FY) 2018, reported the Congressional Budget Office (CBO). This is an increase of $116 billion over the same period in FY 2017. Receipts for the first 10 months of FY 2018 were higher by 1% over the same period in FY 2017. Individual and payroll taxes rose 5%. Corporate income tax declined 28%,
If you requested an extension to file your 2017 tax return, be aware that Monday, October 15, is generally the deadline. This applies to people who, instead of filing their tax returns back in April, requested an extra six months to file their 2017 returns on IRS Form 4868. Special rules apply to members of the military and those serving in a combat zone. Military members typically have until at least 180 days after leaving a combat zone to both file tax returns and pay any taxes due.
A levy is a legal seizure of a taxpayer’s property to satisfy a tax debt. Individuals and businesses now have more time to file an administrative claim or bring a civil action for wrongful levy or seizure, according to a recent IRS online Tax Tip reminder. The tax reform law passed last December extended the time limit from nine months to two years. The “property” the IRS can seize may be wages, money in the bank or other accounts,
HBL CPAs is a full-service Certified Public Accounting firm based in Tucson, Arizona. HBL has been providing tax services, accounting services, auditing and attestation services, consulting services, and various other services since 1973.
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