1. Use e-mail or text messages for any reason. 2. Call a person as an initial collection action. 3. Threaten to file a lawsuit if taxes aren’t paid today. 4. Demand that taxes be paid in a certain way. 5. Threaten to arrest you if you don’t pay taxes today.
Paying alimony? Be sure to check the language in your divorce agreement. The instrument can’t say the amount is nondeductible. Two taxpayers who were required to make payments to ex-spouses learned this lesson the hard way. IRS nixed the write-off in a private ruling when a divorce decree clearly stated that a lump sum payment […]Deductible Alimony, Divorce, Northside Tax Service, Tallahassee Tax Service, TallyTaxMan
IRS can’t collect back payroll taxes from a business owner’s dad in this case. The father, who informally helped out at a restaurant that was owned by his son, signed four checks to suppliers and others while the younger man was out of town. IRS claimed this made the dad responsible for the firm’s overdue […]Back Payroll, Back taxes, Business Owner's Parents, Northside Tax Service, Owners Dad, Payroll, Tallahassee Tax Service, TallyTaxMan
The annual cap on deductible contributions to HSAs rises to $3,400 in 2017 for self-only coverage. The ceiling for account owners with family coverage remains $6,750. Individuals born before 1963 can put in an additional $1,000. Minimum policy deductibles stay at $2,600 for families and $1,300 for singles. The limits on out-of-pocket costs, such as […]deductibles, medical, Northside Tax Service, premiums, Tallahassee Tax Service, TallyTaxMan
For most, the 2017 monthly Medicare Part B premiums average $109. However, the basic premium increases to $134 a month for some people. The group that pays more includes individuals who first enroll in Part B for 2017 and folks who do not have premiums deducted from monthly Social Security benefits. Upper-income seniors also pay […]Health Care Bill, Health Premiums, Medicare, Northside Tax Service, TallyTaxMan, Tax Credits
Some filing due dates have changed, starting with 2016 returns filed in 2017. Employers are required to file W-2s with the federal government by Jan. 31, up from the prior deadlines of Feb. 28 for paper returns and March 31 for e-filings. This earlier deadline matches the date for sending copies of the forms to […]Income Tax Planning, Income Tax Preparation, IRS, Northside Tax Service, NTS, Tally Tax Man, TallyTaxMan, Tax deadlines