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6 Facts For Filing Taxes By the Tax Deadline

tax deadline 2019

The tax deadline is April 15, 2019!

For residents of Maine and Massachusetts, they have until April 17 to file their 2018 tax return. Here’s some important information you need to know for filing by the tax deadline.

 1.  You need to report ALL of your income.

If you don’t report all of your taxable income; all income that is subject to withholding; you will need to amend your return using Form 1040X when the IRS gets a hold of your information.

Not only that, but you may even end up owing money back to the IRS.

2.  You can file without a W-2.

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How to File Your 2018 Taxes & Important Tax Changes

taxes 2018

Are you starting on your 2018 tax return right now?

Your tax return may seem a bit off when you’re filing. The reason for this is the Tax Cuts and Jobs Act (TCJA) changes.

For on the go taxpayers and those who just need a break.

If you have a hectic schedule or just want to relax at home after a long day, filing your taxes online could be the best option for you. No need for standing in long lines for a tax accountant.

All you need to do is follow these few steps:

  1. Create an account
  2. Enter your tax information (which is conveniently available by clicking user-friendly tabs for your personal information, income, deductions, and credits)
  3. Submit your account for a PDF of your return to paper file to the IRS and/or state!

We’ll prepare your tax return as soon as possible. Keep in mind, taxpayers who have a refund for the 2018 tax year are not subject to any penalties at any point they decide to file. Just make sure you file within three years of the due date of your return to claim your refund. In this case, claim your refund by April 15, 2022.

However, taxpayers with a tax due to the IRS should have filed by the 2018 tax year deadline; April 17, 2019 to avoid tax penalties.

Check out the breakdown of the tax changes this year.

The following are no longer available for the 2018 tax year: Continue reading “How to File Your 2018 Taxes & Important Tax Changes”

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How the government shutdown affects your taxes.

government shutdown

Update: The IRS has announced that the tax season will begin January 28, 2019 to start filing your 2018 tax returns!

Did you try calling the IRS?

Many taxpayers are confused as to how the government shutdown will affect the 2019 tax season. If you pick up the phone and contact the IRS, you’ll receive a short message instead of the typical menu. “Welcome to the IRS. Live telephone assistance is not available at this time. Normal operations will resume as soon as possible,” is what you hear when you call their toll free number.

Overall, this means that all IRS offices are closed because of the government shutdown. Read on to find out what you need to know for this tax season.

First off, what does “government shutdown” mean?

Continue reading “How the government shutdown affects your taxes.”