Twitter Tax Tips #2
For fed purposes, filing status is determined as of the last day of the year (Dec 31). Jan 1 – Dec 30 are irrelevant. #TwitterTaxTip
(For more on twitter tax tips, see my prior explanatory post.)
For fed purposes, filing status is determined as of the last day of the year (Dec 31). Jan 1 – Dec 30 are irrelevant. #TwitterTaxTip
(For more on twitter tax tips, see my prior explanatory post.)
The Taxpayer Advocate Service (TAS) has announced a new tool to assist taxpayers with claiming their Economic Impact Payment (EIP), sometimes referred to as a stimulus check. This new tool is for people who know they qualify and want to know what steps, if any, need to be taken to receive the payment. You can try out the…
The Internal Revenue Service (IRS) has issued a reminder to taxpayers with significant tax debts: reach out now to avoid losing your passport. On December 4, 2015, the Fixing America’s Surface Transportation Act, or “FAST Act,” became law. Under the FAST Act, the State Department can yank passports from delinquent taxpayers after notification from the IRS that there’s a…
Tax season is finally here. Now that you’ve filed, you’re likely waiting on that refund… here’s what you need to know.
On Friday, the Supreme Court of the United States granted certiorari on two same sex marriage cases. Those cases include Hollingsworth v. Perry, a challenge to California’s controversial Proposition 8 measure, and a case out of New York, U.S. v Windsor, which considers the constitutionality of the Defense of Marriage Act (DOMA). As noted on…
The U.S. Bureau of Labor Statistics reported today that the consumer price index (CPI) has dropped off by .2%. The dip was not expected and is the first decline in more than a year; the last such decline was April 2013. In contrast, if you take out adjustments for food and energy, the core CPI…
Life just got a whole lot better for some recent college graduates. During the 2019 commencement address at Morehouse College, self-made billionaire Robert F. Smith announced that he was paying the student debt for the entire class. The gift is estimated to be worth $40 million. It was the second gift that Smith announced during the commencement ceremony….