Tax Payment

ITINs Close to Expire! Renew Soon

ITINs Close to Expire! Renew Soon

ITINs that have not been used on a federal tax return at least once in the last three consecutive years will expire Dec. 31, 2019. In addition, ITINs with middle digits 83, 84, 85, 86 or 87 that have not already been renewed will also expire at the end of the year. These affected taxpayers who expect to file a tax return in 2020 must submit a renewal application as soon as possible.

Despite Reform, Alternative Minimum Tax Can Still Hit Some Taxpayers

Despite Reform, Alternative Minimum Tax Can Still Hit Some Taxpayers

If you weren’t subject to the AMT before the reforms, you most certainly don’t have to worry about it now, unless you’ve suddenly become much wealthier. But tax advisors say that households who were at risk of having to pay this extra-high income tax in the past are still wise to see if it will apply to them today — and to take evasive action if it might.

IRS now billing those who filed but didn’t pay; Many payment options available

IRS now billing those who filed but didn’t pay; Many payment options available

The Internal Revenue Service today advised those now receiving tax bills because they filed on time but didn’t pay in full that there are many easy options for paying what they owe to the IRS.