The Treasury Department and the Internal Revenue Service are providing special payment relief to individuals and businesses in response to the COVID-19 Outbreak. Highlights Filing DeadlineThe filing deadline for tax returns remains April 15, 2020. The IRS urges taxpayers who are owed a refund to file as quickly as possible. For those who can’t file by […]
Tag: IRS
Updated Tax Withholding Estimator
Looking for a useful tool? You’re in luck! Here is the most recent Tax Withholding Estimator. The IRS encourages everyone to use the Tax Withholding Estimator to perform a “paycheck checkup.” This will help you make sure you have the right amount of tax withheld from your paycheck. There are several reasons to check your […]
Taxpayers should remember these tips when searching for a tax preparer
IRS Tax Tip 2020-04 The tax filing season is upon us, and many people will be looking for someone to help them file a tax return. These taxpayers should choose their tax return preparer wisely. This is because it’s ultimately the taxpayer who is responsible for all the information on their income tax return. It’s […]
Want a FAST way to receive your Federal Tax Refund? Choose Direct Deposit
WASHINGTON — With tax season beginning soon, the Internal Revenue Service reminds taxpayers that choosing to have their tax refund directly deposited into their checking or savings account is the fastest way to get their money. It’s simple, safe and secure. Taxpayers can also get their refund deposited into one, two or three different accounts, […]
2019 Winter Client Newsletter
Dear Client, With so much happening in the tax world it is hard to pin down the one item that will make a difference this tax season. We encourage you to contact the office if you have had change in the past year —whether it be a life change such as a marriage, divorce, birth […]
2019 Estimated Tax Payments – Here’s what you need to know
Small business owners, self-employed people, and some wage earners should look into whether they should make estimated tax payments this year. Doing so can help them avoid an unexpected tax bill and possibly a penalty when they file next year. Everyone must pay tax as they earn income. Taxpayers who earn a paycheck usually have […]
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 […]