Upcoming quarterly deadlines include September 16 and January 15, 2020 IR-2019-105, June 6, 2019 WASHINGTON – The Internal Revenue Service today reminded taxpayers who pay estimated taxes that Monday, June 17, is the deadline for the second estimated tax payment for 2019. Examples of those who often need to pay quarterly estimated taxes are self-employed […]
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Have you Checked Your Tax Withholding Lately?
All taxpayers should check their withholding – also known as doing a Paycheck Checkup – as soon as possible. They should do a checkup even if they did one last year. By checking their withholding, taxpayers can make sure…Continue Reading Aces & Associates, LLC cares for all your tax needs and we strive to make sure […]
2018 Tax Newsletter
Current 2018 Tax Newsletter – Click to view 2018-Spring-Client-Newsletter
Tips for Using the Withholding Calculator
The IRS recommends that taxpayers use the Withholding Calculator on IRS.gov to do a “paycheck checkup” to check that their employers withhold the correct amount of income tax from their paychecks. The Withholding Calculator can help prevent employees from having too little or too much withheld from their paycheck. Having too little tax withheld can […]
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. Generally, the IRS recommends keeping copies of tax returns and supporting documents at least three years. Some documents should be kept up to seven years in case a taxpayer needs to […]
2016 Winter Client Newsletter
The end of the year is just a few days away. Our informative 2016-winter-client-newsletter is sure to answer your last minute 2016 tax related questions. Don’t forget about Deductions such as Charitable Contributions, IRA and Pensions, Mortgage Interest, Education Credits and Deductions, and any Lifestyle Changes or Events. We hope your Winter Holidays were wonderful and we wish you […]
UPDATE – New Mexico Personal Income Tax Refund
Still waiting for your Personal Income Tax Refund from the state of New Mexico? The Taxation and Revenue of New Mexico has updated their website to notify individuals that refunds are expected to take 6-8 weeks to process. They are asking that individuals wait at least 6 weeks from file date before inquiring on the […]
Interest Rates for the Second Quarter of 2016
The Internal Revenue Service today announced that interest rates have increased for the calendar quarter beginning April 1, 2016. The rates will be: four (4) percent for overpayments [three (3) percent in the case of a corporation]; one and one-half (1.5) percent for the portion of a corporate overpayment exceeding $10,000; four (4) percent for […]
IRS Offers New Cash Payment Option
The Internal Revenue Service announced today a new payment option for individual taxpayers who need to pay their taxes with cash. In partnership with ACI Worldwide’s OfficialPayments.com and the PayNearMe Company, individuals can now make a payment without the need of a bank account or credit card at over 7,000 7-Eleven stores nationwide. “We continue […]
Can’t Pay Taxes On Time? Here Are Five Tips
The IRS urges you to file on time even if you can’t pay what you owe. This saves you from potentially paying a penalty for a late filed return. Here is what to do if you can’t pay all your taxes by the due date. 1. File on time and pay as much as you can. […]