Tax tips for taxpayers to consider when selling their home The IRS has some good news for taxpayers who are selling their home. When filing their taxes, they may qualify to exclude all or part of any gain from the sale from their income. Here are some things that homeowners should think about when selling a… Read More »
Notice 2019-35 provides guidance on the corporate bond monthly yield curve, the corresponding spot segment rates used under § 417(e)(3), and the 24-month average segment rates under § 430(h)(2) of the Internal Revenue Code. In addition, this notice provides guidance as to the interest rate on 30-year Treasury securities under § 417(e)(3)(A)(ii)(II) as in effect… Read More »
List of Car Insurance companies in USA Here is the List of Car Insurance companies in USA Geico Car Insurance Company What does GEICO stand for? Government Employees Insurance Company. Puzzled, are you? Well, the name goes back to the beginnings of the company. Founder Leo Goodwin first targeted a customer base of U.S. government employees and military… Read More »
The Taxpayer Advocate Service (TAS) What is TAS? TAS is an independent organization within the IRS that helps taxpayers and protects taxpayer rights. Their job is to ensure that every taxpayer is treated fairly and that you know and understand your rights under the Taxpayer Bill of Rights. How Can You Learn About Your Taxpayer Rights? The Taxpayer… Read More »
Choosing a Tax Preparer in USA Here are a few points to keep in mind when someone else prepares your return: Check the Preparer’s Qualifications. New regulations require all paid tax return preparers to have a Preparer Tax Identification Number (PTIN). Tax return preparers have differing levels of skills, education and expertise. In addition… Read More »
Disaster Resource Guide for Individuals and Businesses Introduction This resource guide provides information to individuals and businesses affected by a federally-declared disaster. It also covers the assistance available to disaster victims. This guide can also help taxpayers claim unreimbursed casualty losses on property that was damaged or destroyed. A federally declared disaster is a disaster… Read More »
Tax Calculator and Estimator Tax Calculator Estimate by TaxAct TaxAct®, founded in 1998, is a leading provider of affordable digital and download tax preparation solutions for individuals, business owners and tax professionals. Its flagship product, TaxAct, provides the highest degree of accuracy and is designed by in-house programmers and tax accountants. All forms are IRS… Read More »
Tax relief for Iowa victims of severe storms and flooding, Updated 5/13/19 to include Scott County. Updated 5/8/19 to include Louisa County. Updated 4/16/19 to include Pottawattamie and Shelby counties. IA-2019-02, March 25, 2019 IOWA — Victims of the severe storms and flooding that took place on March 12, 2019 in Iowa may qualify for tax relief from the… Read More »
IRS Disaster Related Forms and Publications The following forms, schedules, and publications are available to assist you with disaster tax issues. They are accessible electronically at irs.gov, click on Forms and Instructions. Form 1040 and Instructions: U.S. Individual Income Tax ReturnCheck for specific tax year at https://www.irs.gov/formspubs/index.html Form 1040X and Instructions: Amended U.S. Individual… Read More »
Reconstructing Your Records Reconstructing records after a disaster may be essential for tax purposes, getting federal assistance or insurance reimbursement. After a disaster, home owners might need certain records to prove their loss. The more accurately the loss is estimated, the more loan and grant money there may be available. The following information includes steps… Read More »