tax lounge Blog - Page 5

This year’s IRS Dirty Dozen list is out, and it covers the most common tax scams of calendar year 2019. Considering the IRS’ resources and vigilance, these shortcuts, loopholes, and tricks aren’t wort…

Although nearly 200 million Americans file tax returns every year, not everyone has to. But new tax laws and other filing requirements may have changed whether some of these citizens who haven’t had t…

Right now, many of our favorite retailers are going out of business left and right and having massive liquidation sales — first Toys R’ Us, then Payless, and now most recently, Charlotte Russe. Whethe…

For the 2018 tax season, the deadline to submit your tax return is April 15, 2019. But what if that’s not enough time? What if you’re out of the country or have other reasons — such as illness, moving…

The Super Bowl is behind us, and March Madness is coming up fast, so we're smack in the middle of the two largest gambling-related events of the year. And with warmer days on the horizon, spring means…

Ever since the Tax Cuts and Jobs Act went into effect last year, there's been much speculation about how it would change taxpayers' take-home pay and tax refunds. Now that tax season is here, we're be…

With Valentine's Day approaching, thoughts of love and romantic marriage proposals are in the air for many couples. And most Americans are fully aware that getting married will have a profound impact …

Employers and small businesses are always looking for ways to lower their tax burdens. Yet many businesses that employ workers may qualify for the Work Opportunity Tax Credit (WOTC) without even reali…

A federal government shutdown can occur when the U.S. Congress doesn't pass spending legislation to continue funding government agencies and operations after the previous legislation expires. However,…