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Good Tax Planning includes good Recordkeeping
Tax planning should happen all year long, not just when someone is filing their tax return. Taxes are probably the last thing on your mind this time of year. Most people are just returning from vacation, just leaving for vacation or planning a getaway. An important part of tax planning is recordkeeping. Well-organized records make…
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Final Regulations on Charitable Contributions and State and Local Tax Credits
The U.S. Department of the Treasury and the Internal Revenue Service has issued final regulations that require taxpayers to reduce their charitable contribution deductions by the amount of any state or local tax credits they receive or expect to receive in return. In a notice also issued today, the IRS stated that taxpayers may treat…
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For taxpayers living, working outside the U.S., file a return by June 17
Taxpayers living and working outside of the United States must file their 2018 federal income tax return by Monday, June 17. The June 17 deadline applies to both U.S. citizens and resident aliens abroad, including those with dual citizenship. An extension of time to file is available for those who cannot meet this filing deadline.…
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Taxpayers should include tax plans in their wedding plans
Couples getting married this year know there are a lot of details in planning a wedding. Along with the cake and gift registry, their first tax return as a married couple should be on their checklist. We have a few tips to help newlyweds consider how marriage may affect their taxes. Here are five simple…
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IRS ends faxing and third-party mailings of certain tax transcripts
The Internal Revenue Service has announced it will stop its tax transcript faxing service in June and will amend the Form 4506 series to end third-party mailing of tax returns and transcripts in July. Tax transcripts are summaries of tax return information. Transcripts have become increasingly vulnerable as criminals impersonate taxpayers or authorized third parties.…
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Our Photos on Google were viewed 2,083 times last month
When I went to Google My Business, I noticed a “Plan your visit” section where it said that people typically spend 45 minutes to 2 hours here. Google knows more than you think!
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Our Office will be Closed Monday May 27th for Memorial Day
E-File, e-Services Unavailable Over Holiday Weekend The IRS will conduct maintenance on the e-Services and e-File systems over the upcoming Memorial Day weekend. The e-Services’ Transcript Delivery System, TIN Matching, ACA and e-file Application will not be available during this time. The Modernized e-File Systems (MeF) will also be unavailable. Please refrain from accessing the…
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Did you miss the tax filing deadline?
While the federal income tax-filing deadline has passed for most people, there are some taxpayers who have not yet filed their tax returns. We encourage you to file now, even if you can’t pay to avoid potential penalties and interest. There are many ways Cook and Company offers help to taxpayers facing this situation.
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Use 2018 return to get 2019 withholding right
More than 2,000 taxpayers filed a 2018 tax return with us in the last ten weeks, making now a prime time for everyone to consider whether their tax situation came out as they expected. If it didn’t, we can use your recently finished 2018 return and adjust your withholding. Checking and then adjusting your tax…
