Tax Guide: IRS, rules, laws, changes, help, tips, filing, refund - Toledo News Now, News, Weather, Sports, Toledo, OH

Five reasons to choose direct deposit

The Internal Revenue Service reminds employers that the due date for filing Forms W-2, the Wage and Tax Statement for their employees for calendar year 2016, is now Jan, 31, 2017.

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IRS promotes specialized online services during Small Business Week

During Small Business Week, the Internal Revenue Service will promote many online products to help small business owners and those who are self-employed understand their tax responsibilities.

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IRS explains how Offer in Compromise works

Taxpayers who have a tax debt they cannot pay may have heard that they can settle their tax debt for less than the full amount owed. It’s called an Offer in Compromise.

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Missed the Tax Return deadline? IRS offers help

The tax deadline for most taxpayers was Tuesday, April 18, 2017. The IRS has some advice for taxpayers who missed the filing deadline.  

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IRS provides tips on determining if it’s really the IRS at your door

IRS provides tips on determining if it’s really the IRS at your door

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What to do when an IRS letter arrives in the mail

The IRS mails millions of pieces of correspondence every year to taxpayers for a variety of reasons. Here are some suggestions on how to best handle a letter or notice from the IRS

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Helpful tips to keep in mind when amending your tax return

Taxpayers can fix mistakes or omissions on their tax return by filing an amended tax return. Those who need to amend will find the following tips helpful.

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IRS offers last-minute tips for those who haven’t filed

IRS offers last-minute tips for those who haven’t filed

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Last-minute IRS tax tips to consider

The IRS urges taxpayers to avoid waiting until April 18 to file their taxes. For those who do wait, the IRS has easy-to-access online resources to help.

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IRS urges taxpayers not to rush; choose return preparers wisely

IRS urges taxpayers not to rush; choose return preparers wisely

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Need an extension of time to file taxes?

This year’s tax-filing deadline is April 18. Taxpayers needing more time to file their taxes can get an automatic six-month extension from the IRS.

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IRS offers free help for last-minute filers

The Internal Revenue Service wants taxpayers who have yet to file their 2016 federal income tax return to know they can still get last-minute free tax help. 

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Top IRS tips to know about the home office deduction

Taxpayers who use their home for business may be able to deduct expenses for the business use of it.

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Avoid common tax-filing errors; IRS encourages e-filing, careful review

As the April 18 income tax filing deadline approaches, millions of taxpayers may be rushing to complete their taxes and many may realize they're going to need more time. 

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IRS Reminder to taxpayers who haven’t filed 2013 returns: Time is running out; Agency has $1 billion in refunds

The Internal Revenue Service reminded taxpayers today that unclaimed federal income tax refunds totaling more than $1 billion may be waiting for an estimated 1 million taxpayers who did not file a 2013 federal income tax return.

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Keep in mind these basic tax tips for the sharing economy

If taxpayers use one of the many online platforms to rent a spare bedroom, provide car rides or a number of other goods or services, they may be involved in the sharing economy. 

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Get credit for retirement savings contributions

Taxpayers who contribute to a retirement plan, like a 401(k) or an IRA, may be able to claim the Saver’s Credit. This credit can help a person save for retirement and reduce taxes at the same time.

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Ten tax-time IRS tips to consider

The tax filing deadline is Tuesday, April 18 this year. This is because April 15 falls on a weekend and the following Monday is a holiday in the District of Columbia. Even with an extra three days, the IRS urges taxpayers to avoid waiting until the last minute to file their taxes.

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Free tax help available for the military

The Volunteer Income Tax Assistance program provides free tax help to military members and their families. 

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Top ten adoption tax credit facts to consider

Taxpayers who have adopted or tried to adopt a child in 2016 may qualify for a tax credit. Here are ten important things about the adoption credit.

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Make IRS.gov the first stop for tax help

Tax help is available anytime at IRS.gov. The official IRS website offers quick access to information and helpful tax tools.

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Understanding the child and dependent care tax credit

The IRS urges people not to overlook the Child and Dependent Care Tax Credit. Eligible taxpayers may be able claim it if they paid for someone to care for a child, dependent or spouse last year.

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Five tax tips on unemployment benefits

Taxpayers who received unemployment benefits need to remember that it may be taxable. Here are five key facts about unemployment:

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Medical and dental expenses may impact your taxes

Medical expenses can trim taxes. Keeping good records and knowing what to deduct make all the difference.

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Interest rates remain the same for the second quarter of 2017

The Internal Revenue Service today announced that interest rates will remain the same for the calendar quarter beginning April 1, 2017.  

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Nine common filing errors to avoid

The IRS encourages taxpayers to file an accurate tax return. If a taxpayer makes an error on their return, it will likely take longer for the IRS to process it. 

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Six tax tips for the self-employed

Self-employed taxpayers normally earn income by carrying on a trade or business. Here are six important tips from the IRS for the self-employed.

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Use IRS free file software on smart phones or tablets

The Internal Revenue Service announced that taxpayers now may use their smart phones or tablets to electronically prepare and file their federal and state tax returns through IRS Free File.

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Don’t fall for scam calls and emails posing as IRS

Scams continue to use the IRS as a lure. These tax scams take many different forms. The most common scams are phone calls and emails from thieves who pretend to be from the IRS. 

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Are Social Security benefits taxable?

If taxpayers receive Social Security benefits, they may have to pay federal income tax on part of those benefits. These IRS tips will help taxpayers determine if they need to do so.

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Five things to know about the Child Tax Credit

The Internal Revenue Service reminds employers that the due date for filing Forms W-2, the Wage and Tax Statement for their employees for calendar year 2016, is now Jan, 31, 2017.

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Choosing the correct filing status

The Internal Revenue Service reminds employers that the due date for filing Forms W-2, the Wage and Tax Statement for their employees for calendar year 2016, is now Jan, 31, 2017.

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Safeguarding taxpayer data: Create strong passwords

The Internal Revenue Service reminds employers that the due date for filing Forms W-2, the Wage and Tax Statement for their employees for calendar year 2016, is now Jan, 31, 2017.

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Reminder: Employers must file forms W-2 by Jan. 31 this year

The Internal Revenue Service reminds employers that the due date for filing Forms W-2, the Wage and Tax Statement for their employees for calendar year 2016, is now Jan, 31, 2017.

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Things to remember when choosing a tax preparer

Taxpayers should choose their tax return preparer wisely – with good reason.

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Special rules help many people with disabilities qualify for the Earned Income Tax Credit; Up to 1.5 million fail to claim valuable benefit

The Internal Revenue Service wants taxpayers with disabilities and parents of children with disabilities to be aware of the Earned Income Tax Credit (EITC) and correctly claim it if they qualify.

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Seven reasons taxpayers should E-file their taxes in 2017

Taxpayers who still file paper returns may find now is the best time to switch to e-file. Last year over 85 percent of taxpayers filed their taxes electronically. E-file is the fastest and safest way to file.

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Tax preparedness series: Tax records – What to keep

As tax filing season approaches, the Internal Revenue Service has information for taxpayers who wonder how long to keep tax returns and other documents.

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Who will prepare your tax return?

As the start of tax filing season approaches, the Internal Revenue Service is reminding taxpayers to start thinking about who will prepare their 2016 federal tax return. 

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IRS, Security summit partners remind taxpayers to recognize phishing scams

The Internal Revenue Service and its Security Summit partners cautioned taxpayers today to avoid identity theft by watching for phishing scams that can increase around the tax season.

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IRS, Security summit partners, Remind taxpayers to protect themselves online

The Internal Revenue Service, the states and the tax industry today urged taxpayers to take steps to protect themselves online to help in the fight against identity theft.

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IRS, Partners urge strong passwords help protect identities at tax time and beyond

The Internal Revenue Services and its partners, in the fight against identity theft, urge computer users to strengthen their passwords.

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IRS Launches new online tool to assist taxpayers with basic account information

The Internal Revenue Service announced the launch of an online application that will assist taxpayers with straightforward balance inquiries in a safe, easy and convenient way.

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Irs reminds millions about fines for not signing up for obamacare

Even as Republicans in Congress race to repeal the Affordable Care Act, the IRS is reminding millions of Americans they still need to sign up soon for health insurance if they don't want to pay fines.

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8 steps to take if you can’t pay your taxes

What to do if tax prep leaves you battling debt

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