Issue Number: Special Edition Inside This Issue 1. Payment Deadline Extended to July 15, 2020 The Treasury Department and the Internal Revenue Service are providing special payment relief to individuals and businesses in response to the COVID-19 Outbreak. The filing deadline for tax returns remains April 15, 2020. The IRS urges taxpayers who are owed a refund to file …
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While there are still some strategies you can employ to decrease your tax liability for 2019, it’s a good idea to start thinking about 2020 in advance so you can benefit from year-long savings strategies. Here are just a few steps you can take if you’re interested in reducing your tax liability for the next …
There are just two months left in 2019, which means the tax season is going to be upon you before you know it. One of our best tax prep tips for 2020 in Des Moines, IA is to actually get started on your tax prep before 2020 arrives. That’s right—even though you’re still in the …
Tips for Preparing for End of Year Taxes in Des Moines, IA Read More »
Getting zero taxes back might not seem like the most attractive idea if you’re used to getting sizable returns. However, there are some benefits to zeroing out your return. It means you’ve paid exactly what you owed in taxes throughout the year, and weren’t essentially giving the federal government an interest-free loan in the previous …
If you are a first-time homeowner, there is a lot of information you’ll need to learn quickly during the process of purchasing your house so you can make sure you meet all of your responsibilities. You will quickly learn, for example, all about property taxes: how they work, how you pay them, what they go …
How Do Property Taxes Work? What to Know as a Homeowner Read More »
Withholding allowances help an employer determine how much money to take out of an employee’s paycheck to remit to the state and federal tax authorities. You’ve probably filled out a W-4 before: when you check off allowances, that tells your employer just how much to withhold. The more allowances you claim, the less tax is …
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What happens if you owe on your taxes and don’t pay by tax day? You could face penalties and interest from the IRS, and no one wants that kind of attention. No matter what you do, don’t ignore the problem. Even if you can’t pay the full amount on tax day, you’re better off filing …
Want to save some money on your taxes next year? Of course you do—doesn’t everyone? Our tax service in Des Moines, IA works with a variety of clients of all different income levels and financial backgrounds to help them cut their tax liability and continue to build their savings. Here are just a few examples …
It can be a sinking feeling to look at your tax paperwork after you file and realize that you still owe Uncle Sam a significant amount of money. If you know you’re not going to be getting a tax refund this coming year, you can at least make an effort to get your tax liability …
With all of the changes to the tax code as a result of the implementation of the Tax Cuts and Jobs Act, you may be confused as to how this affects your potential write-offs, and the information you need to track as part of your tax preparation. As a general rule, it’s still a good …
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