Tag: personal income tax

Q & A and Tips on Accounting, Taxes and Personal Finance.
First Quarter Estimated Taxes Due

First Quarter Estimated Taxes Due

Reminder: If you have not already done so, now is the time to review your tax situation and make a 2017 estimated quarterly tax payment using Form 1040-ES. The first quarter due date is now here. First-quarter due date: Tuesday, April 18, 2017. Remember, you are required to withhold (pre-pay) at least 90 percent of […]

April 5, 2017 | By More
Change Your Name?  It Can Affect Your Taxes

Change Your Name? It Can Affect Your Taxes

A name change can have an impact on your taxes. All the names on your tax return must match Social Security Administration records. A name mismatch can delay your refund. Here’s what you should know if you changed your name: Report Name Changes. Did you get married and are now using your new spouse’s last […]

February 22, 2016 | By More
2015 Tax Tips

2015 Tax Tips

INSURANCE: For 2015 all Market place and brokerage companies are required to send a form 1095 (A for Market place) & (B for brokers) and these forms must be available to whoever prepares the tax return. The frustrating part about this is that they don’t need to be post marked until Aug although many have […]

February 22, 2016 | By More
Health Insurance

Health Insurance

Everyone must have health insurance in 2015 and everyone required to file a tax return must report their health insurance. This was true last year but there are additional changes for this year. You will need proof of your insurance. In 2015, everyone covered by insurance should receive a Form 1095 — either 1095-A, 1095-B, […]

February 22, 2016 | By More
2014 Tax Return – What To Expect

2014 Tax Return – What To Expect

If you don’t like surprises at tax time; typically put off your tax return filing until the last minute or do not normally have your year-end paperwork in order, this post is for you. Lisa M. Stiffler – Enrolled Agent, of Lisa M. Stiffler, Inc discusses what you can expect this filing season to ready […]

January 19, 2015 | By More
Expat Taxes – Paying U.S. Taxes While Living Abroad

Expat Taxes – Paying U.S. Taxes While Living Abroad

According to the IRS, a U.S. citizen living abroad must follow the same rules for filing income, estate, and gift tax returns and paying estimated tax as if they lived in the United States. In many cases, tax returns must also be filed in the country of residence, creating a double whammy of frustration and […]

August 20, 2014 | By More