2019 Q4 Tax Calendar: Key Deadlines For Businesses and Other Employers
For businesses, fall means it’s time to begin year-end tax planning. It’s also time to think about the fourth quarter 2019 filing deadlines.
The Next Estimated Tax Deadline is September 16: Do You Have to Make a Payment?
The third estimated tax payment deadline is coming up. Here are the details of when it is and whether you’re required to make a payment.
Expenses That Teachers Can and Can’t Deduct on Their Tax Returns
Are you an educator heading back to school and spending money out of your pocket to teach your students? You may be eligible for a special tax break.
Taking Distributions From Your Traditional IRA
Prudently planning how to take money out of your traditional IRA can mean more money for you and your heirs. Here are three areas to understand in order to maximize your retirement savings.
The Tax Implications of Being a Winner
If you’re fortunate enough to hit a sizable jackpot in the lottery or while gambling, there are tax implications. Here’s a rundown of the basics.
What to do if Your Business Receives a “No-Match” Letter
If the names and Social Security numbers on your employees’ W-2 forms don’t match the government’s records, you may receive a “no-match letter.” Here’s what these letters mean and how to proceed.
The “Kiddie Tax” Hurts Families More Than Ever
If your child or grandchild has unearned income from dividends, interest and capital gains, beware of the “kiddie tax.” Your family may be hit even harder by the tax under current law.
The “Nanny Tax” Must be Paid for More Than Just Nannies
In 2019, if you pay a household worker cash wages of $2,100, you must withhold and pay Social Security and Medicare taxes. Learn about this and other tax obligations for household workers.
It’s a Good Time to Buy Business Equipment and Other Depreciable Property
The Section 179 deduction and bonus depreciation for business assets have been increased and expanded. Learn more about these valuable tax breaks.
Volunteering for Charity: Do You Get a Tax Break?
Do you spend time volunteering for charity? While you can’t deduct the value of your time, you may be able to deduct some of the out-of-pocket costs. Here are the rules.