Tax help Feed

I'm feeling a bit like the Internal Revenue Service's appointments secretary, but this Friday, Jan. 15, is a date when many taxpayers need to take action. Yes, I'm talking about the fourth estimated tax payment due at the end of this week, but also about some final tax year 2019 housekeeping. Specifically, individuals and businesses who were in the paths of some major disasters last year. The timing of those catastrophes prompted the IRS to give taxpayers who had already filed for an extension to finish their 2019 tax returns until Jan. 15, 2021, to complete them. These folks now... Read more →


Some taxpayers awoke today to $600 (or more!) in their bank accounts. The money is the maximum per-person amount authorized by Congress and signed into law on Dec. 27 as part of the second COVID-19 economic relief measure. The Internal Revenue Service, which once again is in charge of distributing the economic impact payments (EIPs), says the electronic delivery will continue into next week. Some account holders may see the direct deposit payments as pending or as provisional payments in their accounts before the official payment date of Jan. 4, 2021. Sorry, but you'll just have to wait for the... Read more →


Santa Claus, Indiana, is one of many merrily named communities across the country. However, this Christmas-year-round town is the only one with an official U.S. Postal Service Santa postmark. (Photo by tengrrl via Flickr CC) Ho! Ho! Ho! And Merry Christmas Eve from all the holiday themed towns across the United States. There are the municipalities dubbed North Pole in New York, Colorado, Alaska and yes, it's even OK in Oklahoma. For those who revel in the season's greenery we have up the road from me Garland, Texas, as well as virtual forest full of Evergreens. There's an Evergreen in... Read more →


OK, I can't confirm that the Greek dramatist Sophocles said this. But it's on the internet, so…. What is irrefutable is that bad advice is too often given and worse followed, especially when it comes to taxes. (Image by Quote Coyote) That cheering you hear is, well, everyone as 2020 finally is winding down. This mess of a year can't end too soon for most of us. But in our enthusiastic anticipation of the Year of COVID-19, we still must get ready for the upcoming tax season. At the start of the month, I offered some year-end tax moves that... Read more →


A VITA volunteer talks with a taxpayer. Check out the IRS' video on VITA and TCE programs for more on them and how you can participate. Every November, millions of Americans take time around Thanksgiving to acknowledge all the things in their lives for which they are grateful. This year, the coronavirus pandemic is affecting not only how we celebrate Turkey Day, but our assessments of our blessings. It's also reshaped how many of us look at ways we can share our good fortunes. One option is donating to charitable groups that can help out those who have fewer thanks... Read more →


Soldiers from the Louisiana National Guard responding after Hurricane Laura destroyed much of Lake Charles. The Capital One Tower was among the properties severely damaged by the category 4 storm. (Photo by Josiah Pugh via Flickr/Wikipedia Commons) Hurricane season 2020 is almost over and Nov. 30 cannot get here soon enough for Louisiana residents. The Pelican State was pummeled by five storms this record-breaking year, including a category 4 which produced the strongest cyclonic wind speeds ever recorded in the state. So state officials are giving folks who are still trying to rebuild in the storms' wakes a chance to... Read more →


Millions of Americans still are without jobs. Money from the first COVID-19 economic relief package is long gone. And there's no telling when (or if) Congress might approve more pandemic stimulus. And on top of paying rent or feeding families, some people are facing an added and intimidating bill. They owe taxes to Uncle Sam. The Internal Revenue Service has long heard cries of poverty from folks with large tax bills. In response, the tax agency has instituted systems to work with financially strapped taxpayers. When the pandemic complicated every aspect of everyone's lives earlier this year, the IRS created... Read more →


Free tax-preparation and filing help is offered through groups like United Way, which partnered with volunteers at this Rutherford County, Tennessee, VITA office. Not only does the IRS train the tax assistors, each year it awards grants to keep the sites running across the country. Meeting your tax responsibilities can be a challenge for many — OK, most — of us. But things can be even more difficult when you can't afford to hire help to finish your returns or your advancing age makes doing your taxes tougher. There are some dedicated volunteers who work every year to meet the... Read more →


Wildfire at night by Chenjack via Flickr While millions of taxpayers rushed to finish their 2109 tax filing last week in order to meet the Oct. 15 extended deadline, others weren't concerned about that deadline. They are the individual and business taxpayers who are dealing with something more pressing than taxes. They are trying to pick up the pieces from a major natural disaster. In these catastrophic cases, the Internal Revenue Service usually gives affected taxpayers more time to take care of their tax filing tasks. Some additional West Coast taxpayers have been added to this year's adjusted tax deadline... Read more →


There's been one positive for the Internal Revenue Service this coronavirus-affected tax filing season. The agency says that Free File has hit a record percentage increase in new users. And there's still just more than a week before the partnership between the IRS and tax software manufacturers shuts down on Oct. 16. Free, but previously not that popular: The online tax preparation and e-filing products that, as the Free File moniker indicates, allows eligible filers to complete and electronically transmit their tax returns at no cost, has been available since 2003. However, despite the growing popularity of do-it-yourself tax filing... Read more →


Customs and Border Protection (CBP) Air and Marine agents survey Alabama Gulf Coast damage caused by Hurricane Sally on Sept. 16. (CBP photo by Jerry Glaser via Wikipedia Commons) Tax changes connected to the historic number of storms this 2020 Atlantic hurricane season keep on coming. This week the Internal Revenue Service announced that some Alabama individuals impacted by Hurricane Sally, which made official landfall near Gulf Shores, Alabama, on Sept. 16, now have until mid-January to deal with impending tax tasks. Sally actually began affecting Gulf Coast states on Sept. 14. That's the day cited by the IRS in... Read more →


The Brattain Fire near Paisley, Oregon, on Sept. 15, more than a week after it ignited. (Photo by Maj. Leslie Reed, Oregon Military Department Public Affairs, courtesy Oregon National Guard via Flickr) Tax season 2020 has been extended for some taxpayers. Unfortunately, the extra time to take care of tax tasks is because these individuals and businesses were threatened are dealing with the outbreak of wildfires in Oregon. The Internal Revenue Service announced that victims of the Oregon wildfires and straight-line winds that began on Sept. 7 now have until Jan. 15, 2021 to file various individual and business tax... Read more →


Louisiana National Guard members help clear roadways and assess damages on Aug. 27, 2020, in Lake Charles, Louisiana after Hurricane Laura made landfall the night before. (Courtesy of the Louisiana National Guard via Wikipedia Commons) Louisiana residents hard hit by major Hurricane Laura's landfall in that state last month now are getting some tax relief. The Internal Revenue Service has announced updated on Sept. 10 its list providing residents in 16 18 parishes until Dec. 31, 2020, to file various individual and business tax returns and make tax payments. The eligible parishes are Acadia, Allen, Beauregard, Calcasieu, Cameron, Grant, Jackson,... Read more →


UPDATED Oct. 6, 2020: More Iowa counties now eligible for relief. Details below. Photo courtesy Cal Fire Mother Nature is in one foul, destructive mood. California wildfires have killed seven people, destroyed more than 1,400 buildings destroyed and ravaged 1.25 million acres in the Golden State. Blazes also have burned more than 1.8 million acres in 14 states, according to the National Interagency Fire Center. Hurricane Laura, which is shown in a National Hurricane Center satellite image below (updated 10 a.m. CDT, Wednesday, Aug. 26, 2020) gaining strength in the Gulf of Mexico, is expected to swamp East Texas and... Read more →


Congress is debating, sort of, the possibility of, among other pandemic-related issues, another round of COVID-19 economic relief payments (EIPs). That's good news for folks struggling to make ends meet in the wake of coronavirus-related economic troubles. But some folks haven't yet received the first stimulus checks created back in March under the Coronavirus Aid, Relief and Economic Security (CARES) Act. Created to help, but…: Now there's some good news for some encountering relief payment problems. The Taxpayer Advocate Service (TAS) now can help taxpayers in certain situations resolve their COVID-19 payment issues. "Previously, the IRS did not have a... Read more →


Photo courtesy National Taxpayer Advocate blog If you have a tax issue that you want to discuss with the Internal Revenue Service in person, there's good news. In late June, the IRS started reopening its Taxpayer Assistance Centers (TACs) across the country. By next week, all the facilities should be open. While the IRS encourages taxpayers to take advantage of its online problem solving and information gathering options, TAC employees still provide certain tax-related services. Specialized TAC services include assistance in: authenticating a taxpayer's identity and validating documents related to tax return filings or applications for an Individual Taxpayer Identification... Read more →


If tax it the time of coronavirus taught us anything, it's that tax professionals are indispensable. On the heels of getting a handle on the 2017 tax reform changes, tax pros this filing season were handed even more jobs. They helped people understand COVID-19 economic relief payments, what tax tasks were delayed until when and the Paycheck Protection Program. And now, just days after Tax Day 2020 finally came and went, another coronavirus stimulus package, no doubt with more tax implications, is in the works. The bottom line is that tax help from a reputable tax pro is critical, in... Read more →


Image courtesy SimpsonsWorld via Giphy.com Do you remember your first phone number? I'm talking about the one when you were a kid. The one you parents made you memorize in case you needed to call home for any reason. For younger folks, that's not a problem. But when you reach a certain age, not that I'm confessing to any chronologically specific range, those early memories tend to fade. Despite that natural process, some of us still remember our childhood phone numbers. You'll have to trust me on my numerical recall. I'm leery enough of hackers, con artists and other assorted... Read more →


Hello Tax Day 2020. We've been waiting for you for such a long time. In fact, a whole lot of folks have been waiting for July 15, according to research by from IPX 1031. Ultimate tax procrastinators: It's not unusual for millions to wait to file. Last year, Internal Revenue Service data showed almost 18 million filed during the last week of that tax season. That procrastination delay remained and even increased after COVID-19 pandemic precautions pushed 2020's Tax Day into the summer. IPX 1031's look at geo-targeted online search data showed that more than 22 million Americans have taken... Read more →


Meanwhile, the rest of us regular taxpayers say thanks for the offer and, as Tax Day 2020 looms, continue to look for ways to keep from paying so much on our nowhere-near-a-million earnings. If you're still working on your tax return instead of jetting off in your private plane to a luxury destination, then you might agree with the latest tax-the-rich plea. You also might need some of the tax-saving tips listed later in this post. With July 15, aka coronavirus Tax Day 2020, looming, millions of taxpayers are scouring their records and the tax laws looking for ways to... Read more →