August 12, 2019

Home Office Deductions may Benefit Business Owners

Taxpayers who use their home for business may be eligible to claim a home office deduction. It allows qualifying taxpayers to deduct certain home expenses on their tax return. This can reduce the amount of the taxpayer’s taxable income. Understanding the Home Office Deduction and Whether they can Claim it: The home office deduction is available to both homeowners and renters. There are certain expenses […]
February 6, 2019

Where’s My Refund? Tool lets Taxpayers Check Status of their Refund

The best way for you to check the status of your refund is to use the Where’s My Refund? tool on IRS.gov. This tool gives you access to your tax return and refund status anytime. Furthermore you can do this from the comfort of your home, at work, or directly from your phone. All you need is internet access and three pieces of information: Social Security […]
January 29, 2019

IRS Reminds Employers, other Businesses of Jan. 31 Filing Deadline for Wage Statements, Independent Contractor Forms

WASHINGTON — The Internal Revenue Service today reminds employers and other businesses of the Jan. 31 filing deadline that applies to filing wage statements and independent contractor forms with the government. Furthermore, The Protecting Americans from Tax Hikes (PATH) Act requires employers to file their copies of Form W-2, Wage and Tax Statement,  Form W-3,Transmittal of Wage and Tax Statements, with the Social Security Administration […]