by admin my_tax | May 17, 2021 | Tax Tips and News
Some individual taxpayers and businesses in certain Tennessee counties have gotten some good news for a change: They have until August 2 to file their various tax returns with the IRS. These taxpayers have had their share of bad news lately, mostly due to spring...
by admin my_tax | May 14, 2021 | Tax Tips and News
With restaurants beginning to open more fully due to a break in the coronavirus pandemic, employees in the food and beverage industry are soon likely to have a lot more to report on their taxes: Tips. That’s why the Internal Revenue Service is reminding taxpayers that...
by admin my_tax | May 13, 2021 | Tax Tips and News
If you live in the Southeast, long lines and questionable containers are a sad reality at many local gas stations. The temporary Colonial Pipeline disruption caused a rush on fuel this week, leading many in the region to hoard gasoline. Luckily, our post-apocalyptic...
by admin my_tax | May 12, 2021 | Tax Tips and News
Most Americans think that when it comes to paying income tax, Social Security benefits are off-limits. And in most cases, that may be true, but add a little income on the side, and those non-taxable benefits can shift onto the taxable side of the spreadsheet. Social...
by admin my_tax | May 11, 2021 | Tax Tips and News
As you might have experienced first-hand, those with unused funds from a 2020 dependent care assistance program (DCAP) could have questions about newly allowed carryovers and whether those funds are taxable. Well, the Internal Revenue Service this week issued...
