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His? Hers? Whose Name is Usually First on Joint Income Tax Returns?

CPA Practice

Taylor, Kiplinger Consumer News Service (TNS) Does the order of names on your joint federal income tax return reveal significant things about you and your partner? A recent study suggests the answer could be yes—that tax return name order may hold some clues about social norms and beliefs. By Kelley R.

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Is Your Income Tax Withholding Adequate?

RogerRossmeisl

When you filed your federal tax return this year, were you surprised to find you owed money? Receiving a tax refund essentially means you’re giving the government an interest-free loan. Adjust if necessary Taxpayers should periodically review their tax situations and adjust withholding, if appropriate.

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Form 1120: U.S. Corporation Income Tax Return

Canopy Accounting

Corporation Income Tax Return, plays a crucial role in the world of taxation for corporations. In this blogpost, we will explore the key aspects of Form 1120 and its significance in filing corporate taxes. Form 1120, the U.S. As an accountant, it is essential to have a firm grasp of this form and its implications.

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Partnership Income Tax Returns & More Skagit County IRS Targets

SkagitCountyTaxServices

The IRS will be focused less on working-class taxpayers and increasingly toward high-income individuals and corporations. Specifically, that means high-income earners, partnership income tax returns, large corporations, and promoters “aggressively peddling abusive schemes.”

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Feds Cracking Down on Unlawful Tax Return Preparers

CPA Practice

The Justice Department is advising taxpayers to choose their return preparers wisely as the April 15 federal tax filing deadline approaches. Unscrupulous preparers who include errors or false information on a tax return could leave a taxpayer open to liability for unpaid taxes, penalties and interest.

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Should I File My 2020 Tax Return Early?

RogerRossmeisl

The IRS opened the 2020 individual income tax return filing season on February 12. You can potentially protect yourself from tax identity theft — and there may be other benefits, too. The real taxpayer discovers the fraud when he or she files a return and. The post Should I File My 2020 Tax Return Early?

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Using Tax Return Information in Divorce Cases

FraudFiles

Income tax returns and supporting information such as W-2s and pay stubs are the most common and basic documents which evidence income in family law cases.