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Month: September 2019

IRS: More Than 8 In 10 Taxpayers Pay Their Taxes In Full And On Time

Kelly Phillips ErbSeptember 27, 2019October 23, 2019

Do you file an accurate tax return and pay what you owe each year? If so, you’re in the majority: a report released by the

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IRS Offers New Look At Form 1040-SR, U.S. Tax Return for Seniors

Kelly Phillips ErbSeptember 24, 2019May 19, 2020

With the new tax filing season just months away, the Internal Revenue Service (IRS) has released the second draft of federal form 1040-SR, U.S. Tax Return

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Tax Authorities In Portugal: Buying Or Selling Cryptocurrency Is Tax-Free

Tax Authorities In Portugal: Buying Or Selling Cryptocurrency Is Tax-Free

Kelly Phillips ErbSeptember 19, 2019October 23, 2019

The United States may be taking a hard line on cryptocurrency, but not all countries are seeking to collect from the virtual currency boom. The

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Thrift Store Worker Shocked To Receive $216 Million Tax Bill

Thrift Store Worker Shocked To Receive $216 Million Tax Bill

Kelly Phillips ErbSeptember 17, 2019November 4, 2019

Nobody likes getting a tax bill in the mail. It’s especially concerning when your tax bill is a bit higher than you anticipated. But what

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Congress May Take Another Look At State And Local Tax (SALT) Deduction Caps

Congress May Take Another Look At State And Local Tax (SALT) Deduction Caps

Kelly Phillips ErbSeptember 11, 2019November 1, 2019

As part of the Tax Cuts and Jobs Act (TCJA), Congress capped the amount of state and local taxes (SALT) that taxpayers can deduct on

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Want To Help Out After Hurricane Dorian? Go Visit

Kelly Phillips ErbSeptember 9, 2019November 4, 2019

Hurricane Dorian might have spared much of the southeastern United States, but its impact is still being felt. The storm roared ashore last week with

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Scammers Find New Target As IRS Expands Tax Benefits For Genetic Testing

Scammers Find New Target As IRS Expands Tax Benefits For Genetic Testing

Kelly Phillips ErbSeptember 4, 2019October 23, 2019

Genetic testing kits are all the rage these days—and recent tax news may make it even more affordable. Taxpayers may now get a tax break

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Claiming A Casualty Loss For Hurricane Damage Is More Complicated After Tax Reform

Kelly Phillips ErbSeptember 2, 2019May 19, 2020

Hurricane Dorian made landfall in the Bahamas over the weekend. The category 5 storm has been called the strongest storm to ever threaten the east coast

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