IRS warns of scams related to natural disasters

IRS warns of scams related to natural disasters

In the wake of Hurricane Florence, the Internal Revenue Service is reminding taxpayers that criminals and scammers try to take advantage of the generosity of taxpayers who want to help victims of major disasters.

Third estimated tax payment due Sept. 17; Tools are available to help people pay right amount following law changes

Third estimated tax payment due Sept. 17; Tools are available to help people pay right amount following law changes

With tax reform bringing major changes for the current tax year, the Internal Revenue Service today reminded small businesses, self-employed individuals, retirees, investors and others who need to pay their taxes quarterly that the third estimated tax payment for 2018 is due on Monday, Sept. 17, 2018.

Avoid penalty for underpayment of taxes; IRS says check withholding, make estimated payments

Avoid penalty for underpayment of taxes; IRS says check withholding, make estimated payments

With nearly 10 million U.S. taxpayers facing a penalty for underpayment of estimated tax last year, the Internal Revenue Service urges taxpayers to plan ahead, understand their options and avoid the penalty when they file in early 2019.

Payments under state or local tax credit programs may be deductible as business expenses

Payments under state or local tax credit programs may be deductible as business expenses

Business taxpayers who make business-related payments to charities or government entities for which the taxpayers receive state or local tax credits can generally deduct the payments as business expenses, the Internal Revenue Service said today.