IRS reminder: June 17 is next deadline for those who pay estimated taxes

IRS reminder: June 17 is next deadline for those who pay estimated taxes

Monday, June 17, is the deadline for the second estimated tax payment for 2019. Examples of those who often need to pay quarterly estimated taxes are self-employed individuals, retirees, investors, and some individuals involved in the sharing economy, among others.

For Many Households, Trump’s Tariffs Could Wipe Out The Benefits of the TCJA

For Many Households, Trump’s Tariffs Could Wipe Out The Benefits of the TCJA

President Trump’s increases in tariffs on imported goods from China and elsewhere are effectively reversing a big chunk of the 2017 Tax Cuts and Jobs Act. For many low- and middle-income consumers, Trump is eliminating most or all of the benefits of TCJA. How? Because the tariffs could increase the price of consumer goods by as much or more than the TCJA cut taxes.

Many tax-exempt organizations have until May 15 to file information returns; IRS warns against including personal data

Many tax-exempt organizations have until May 15 to file information returns; IRS warns against including personal data

 The Internal Revenue Service reminded certain tax-exempt organizations that Wednesday, May 15, 2019, is the filing deadline for Form 990-series information returns. These types of information returns are normally due on the 15th day of the fifth month after the end of an organization’s accounting period. For organizations operating on a calendar year, the deadline is May 15, 2019. 

IRS promotes disaster readiness and Hurricane Preparedness

IRS promotes disaster readiness and Hurricane Preparedness

The 2019 hurricane season begins in June and the IRS joins the National Weather Service during Hurricane Preparedness Week, May 5-11, by encouraging everyone to update or make an emergency plan.