Businesses can visit IRS.gov to find out how tax reform affects their bottom line
Business may find they have questions about how 2017’s tax reform legislation affects their organization and their bottom line. IRS.gov is a great place to find answers. Here are several pages on the IRS website that address tax reform. Businesses can bookmark these pages and check back often, as the IRS regularly updates them with […]
I Finished My Taxes..
Save yourself some hassle and get your taxes filed now! Alaska Tax Lady can help you file early so you can get your return quicker!
Watch Out for Income Tax Refund Fraud!
Tax refund fraud is one of the fastest-growing forms of identity theft. A thief steals your identity, then uses it to file a bogus tax return with the IRS. The return includes a very generous refund, which is paid to the thief. The thief files the return early in the year before you have a […]
10 best tax-planning tips for 2019
With the end of 2018 approaching, it’s time to start strategizing about how you’ll handle your federal tax bill, and it’s even more complicated this year because multiple changes to tax rules have gone into effect. State and local tax deductions are now capped at $10,000, estate tax exemptions have doubled, home equity debt can […]
Too Afraid to Ask?..
Want to do your taxes yourself? Just have a question or need a little help? Why not ask an expert! Alaska Tax Lady offers consultation appointments for anyone looking to file independently or just needing a little extra advice.
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Mailing Forms and Payments to the IRS
If you need to mail a return to the IRS, be sure to check IRS.gov for the most current information on where to file paper tax returns. The IRS also recommends checking any pre-printed envelopes on hand in your office, as many of the mailing addresses for tax forms, payments and correspondence have changed.
IRS Provides Q&A for Tax Year 2018 Reporting and Payments under Section 965
The Internal Revenue Service this week provided additional information in a question and answer format to help taxpayers meet their filing and payment requirements for the section 965 transition tax. The Tax Cuts and Jobs Act requires various taxpayers that have untaxed foreign earnings and profits to pay a tax as if those earnings and […]
IRS Issues Standard Mileage Rates for 2019
This week, the IRS issued the 2019 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2019, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 58 cents per mile […]
Redesigned Form 1040, Schedules and Instructions Now Available
The redesigned Form 1040, U.S. Individual Income Tax Return, for tax year 2018 is now available on IRS.gov. Also available are Schedules 1 through 6 and the 1040 Instructions. The 2018 Form 1040 uses a “building block” approach, so your clients with straightforward tax situations will only need to file Form 1040. If you have […]