February 1 - Tax Appointment If you don’t already have an appointment scheduled with this office, you should call to make an appointment that is convenient for you. February 10 - Report Tips to Employer If you are an employee who works for tips and received more than $20 in tips during January, you are required to report them to your employer on IRS Form 4070 no later than … [Read more...] about February 2014 Individual Due Dates
Start Planning Now for 2014 Income Taxes
Start Planning Now for 2014 Income Taxes You may not have even completed your 2013 taxes yet. But now is an ideal time to start getting ready for your 2014 returns. We know that you’re in some stage of preparation for your 2013 income taxes. It may seem odd to start thinking about 2014 taxes just now, but actually, this is the ideal time to start planning and making business … [Read more...] about Start Planning Now for 2014 Income Taxes
Revising Your W-4? Seek Professional Advice First.
Article Highlights: Form W-4 is used to establish payroll-withholding amounts. Incorrectly completed W-4s can result in under-withholding and unexpected year-end tax liability. The IRS’s W-4 calculator is only suitable for simple returns. Commonly encountered problems in getting the W-4 completed to establish the proper amount of withholding. This time of year, many … [Read more...] about Revising Your W-4? Seek Professional Advice First.
Are You Required To File A Gift Tax Return?
Article Highlights: A gift tax return must be filed if you give gifts in excess of $14,000 per recipient during the year. Directly paid medical and educational gifts are excluded Married individuals can increase the annual $14,000 exclusion to $28,000 by splitting gifts. The estate tax exemption can be used to offset gifts in excess of the annual exclusion. Frequently, … [Read more...] about Are You Required To File A Gift Tax Return?
Did You Get Married in 2013?
Article Highlights: E-filing is not possible if married name does not match Social Security Administration (SSA) records. Use SSA Form SS-5 to update SSA records. A married status may produce unexpected tax results. If you got married during 2013, don’t forget to notify the Social Security Administration (SSA), IRS, and Postal Service of your address and/or name change. If … [Read more...] about Did You Get Married in 2013?