The Internal Revenue Service (IRS) recently announced “millions” of Individual Taxpayer Identification Numbers (ITINs) will expire in 2019. What is an ITIN? The IRS provides an ITIN to those who are required to pay tax obligations to the US government but cannot get a social security number. Those who require an ITIN can include: Nonresident aliens thatcontinue reading…
IRS
Tax issues after death: How do I file for a loved one?
Navigating the responsibilities that come with closing an estate is not an easy process. In addition to dealing with heirs and creditors, the individual in charge of the estate must also deal with the Internal Revenue Service (IRS). When do I need to file a tax return? The easier question is often when do Icontinue reading…
Does the IRS care if someone else pays your student debt?
The president of Morehouse College has stated that he will cover millions of dollars of student loan debt for graduates of the university. The offer is a kind gesture that can pay off rewards in the future. The beneficiaries will be able to move forward with their future without the heavy burden of student loans.continue reading…
Taxes done? Take a moment to review your withholdings.
Tax Day is upon us. For those who have completed and filed their tax returns, it may be a good idea to take a moment to review withholdings for 2019. I just finished taxes. Why do I need to review my withholdings? The Internal Revenue Service (IRS) requires taxpayers to make regular tax payments throughout thecontinue reading…
Not ready for Tax Day? Consider an extension.
Tax Day is less than a week away. If you have not gotten your tax forms in order yet, you may want to consider filing for an extension. I can get an extension on my tax returns? In some cases, the Internal Revenue Service (IRS) will allow taxpayers additional time to file their returns. If thecontinue reading…
