Article Highlights: W-4 Tips Working For Cash Self-employment Tax Working in a Family Business ROTC Members Newspaper Carriers Many students hold a summer job during their time off from school. Here are some tax issues that should be considered when working a summer job. Completing Form W-4 When Starting a New Job – This form is used by employers to determine the … [Read more...] about Tax Tips for Students with a Summer Job
Tax Tips for Recently Married Taxpayers
Article Summary: Social Security Administration Internal Revenue Service U.S. Postal Service Withholding & Estimated Tax Payments Health Insurance Marketplace This is the time of year for many couples to tie the knot. If you marry during 2015, here are some post-marriage tips to help you avoid stress at tax time. Notify the Social Security Administration−Report … [Read more...] about Tax Tips for Recently Married Taxpayers
Parents Can Get Credit for Sending their Kids to Day Camp
Article Highlights: Child Age Limits Employment-related Expense Married Taxpayer Earnings Limits Disabled or Full-time Student Spouse Expense Limits With summer just around the corner, there is a tax break that working parents should know about.Many working parents must arrange for care of their children under 13 years of age (or any age if handicapped) during the … [Read more...] about Parents Can Get Credit for Sending their Kids to Day Camp
Don’t Panic if You Receive an IRS Notice
Article Highlights: Letter May Be In Error Let Your Tax Professional Respond Procrastination Leads to Bigger Problems Change of Address Complications If it is not your refund check in the mailbox, that letter from the IRS will probably increase your heart rate a little. Don’t panic; many of these letters can be dealt with simply and painlessly. Each year, the IRS … [Read more...] about Don’t Panic if You Receive an IRS Notice
Forgot Something on Your Tax Return?It’s Not Too Late to Amend the Return
Article Highlights: Frequently Overlooked Income and Deductions Three-Year Refund Statute of Limitations State returns Interest & Penalties Filing Instructions and Suggestions If you discover that you forgot something on your tax return, you can amend that return after it has been filed. The need to amend can be because of: Receiving an unexpected or amended K-1 … [Read more...] about Forgot Something on Your Tax Return?It’s Not Too Late to Amend the Return