Category: Taxes

If you requested/obtained a 6-month tax extension for your 2014 Personal Income Tax Return, you will need to file your return (Form 1040, 1040A, or 1040EZ) and pay any tax due by Thursday, October 15, 2015.

If you received an extension to file your individual tax return, the last date to file timely is October 15. SEPs and 401(k)s must be funded by the filing deadline of your tax return, so if you filed a schedule C and claimed a 401(k) or SEP deduction it needs to be funded by next…

Check Out College Tax Credits for 2015 and Years Ahead Check out the IRS back-to-school reminder for parents and students regarding college tax credits for 2015. The American Opportunity Tax Credit and Lifetime Learning Credit are available to taxpayers who pay qualifying expenses for an eligible student.  

Identity theft is on the rise. At RJL we have assisted many clients that have had fraudulent tax returns filed using their personal tax information. Here is a helpful link from the IRS, Taxpayers Guide to Identity Theft. http://www.irs.gov/uac/Taxpayer-Guide-to-Identity-Theft    

If you have signature authority on one or more bank or financial accounts outside the United States that had an aggregate value over $10,000 at any time during the year, you are required to file a Report of Foreign Bank and Financial Accounts by June 30 each year. This includes bank accounts in Canada or…

Is your company doing business in Tacoma and you have not registered?  If so, Tacoma is offering an amnesty program that allows you to pay the back taxes without interest and penalties.  See the following: http://www.cityoftacoma.org/cms/One.aspx?portalId=169&pageId=80946      

The IRS is still receiving complaints from all over the country regarding phone scammers claiming to be the IRS. These scammers will say whatever they can to scare you into sending them money.  Don’t do it.  Read this link on how to handle these phone calls. http://www.irs.gov/uac/Newsroom/Phone-Scams-Continue-to-be-Serious-Threat-and-Remain-on-IRS-Dirty-Dozen-List-of-Tax-Scams-for-the-2015-Filing-Season

Did you know that if you have a nanny you may be subject to employer taxes?  Here is an informative article on the subject.  Give us a call if you have any questions. http://blog.aicpa.org/2015/05/nanny-tax-101-managing-employer-obligations-at-home.html#sthash.3JUZNErW.3A91T7Dt.dpbs

Here are a Dozen Key Points about Paying Your Taxes from the IRS.  Just click the link.   http://content.govdelivery.com/accounts/USIRS/bulletins/feedf2