Manisha Hansraj
Dec 24, 2018Instructions for Filing the New 2018 Form 1040!
The IRS finally released the new 2018 tax return. You’ll see some obvious changes in the new tax return. But first, here’s a breakdown of how to report your tax information. Keep reading to find out how filing this upcoming tax season will be different. Introducing Schedules 1 – 6 Form 1040 will be shorter […]
Manisha HansrajNov 27, 2018How are Charitable Deductions Affected by the TCJA?
Generosity has its perks, or rather its tax benefits. Keep in mind, taxpayers are able to easily itemize once they exceed their standard deduction. This typically happens by taxpayers claiming charitable donations along with any expenses they have. It then becomes greater than their standard deduction. However, the standard deduction is twice the amount for 2017. […]
Manisha HansrajNov 26, 2018Cyber Monday is HERE, with some sales tax…
We’ll surf through crowds to get our hands on the newest flatscreen tv. Like most Americans, we rush to get deals on Black Friday, or even better Cyber Monday. However, taxpayers rely heavily on Cyber Monday to buy the items they have on their wishlist because if an online retailer doesn’t have a physical presence […]
Manisha HansrajNov 5, 2018Prepare for the 2019 Tax Season!
2018 is coming to an end. It seems like the year went by so quickly. Now, are you ready for the new tax season? The 2019 tax season brings in a variety of changes that will ultimately affect how you file and Form 1040. Read below to find out what you need to know before filing your […]
Manisha HansrajOct 30, 2018April 15, 2019 is the Last Day to Claim your 2015 Refund!
Running late on your refund? Refunds come and go when it comes to taxes. Luckily, for you, you can still claim the 2015 refund that you’ve been delaying. Just remember, you have three years within the original due date of your 2015 tax return to claim your refund. This is due to the IRS Statute of […]
Manisha HansrajOct 16, 2018What do I do if someone else claimed my dependent?
In the worst case scenario, the IRS rejects your tax return. Someone else claimed my dependent. What should I do? Luckily, the IRS gives you options in case you’re stuck in this situation. Unfortunately, the IRS cannot disclose who claimed your dependent. Typically it’s either the other parent, their child claimed themselves as an exemption […]
Manisha HansrajSep 19, 2018When is the Deadline to File Taxes for 2018?
Am I too late to file my 2017 taxes? For taxpayers who are receiving a refund, there’s absolutely nothing to worry about! The IRS does not attach penalties to late returns that have refunds. On the other hand, if you had a tax due to the IRS, you must have paid your taxes to the IRS by […]
Manisha HansrajSep 10, 2018Can I pay my federal taxes with a credit card?
The IRS can’t directly accept credit card payments due to tax laws. However, they can accept payments through a third-party processor. For example, online tax preparation companies are third-party processors since they are designated by a merchant to handle transactions for merchant acquiring banks. They can then assist you in making your credit card payment […]
Manisha HansrajAug 21, 201811 Tax Tips For Your Back-to-School Use!
Education is expensive, so here’s some helpful tips! Get your tax break from claiming your kids. Don’t forget to claim up to $1,000 for the Child Tax Credit. (Your child must be under 17, live more than half the year with you, a dependent on your tax return, be directly related to you, a U.S. […]
Manisha HansrajAug 7, 2018What is the Estimated Tax Payment Schedule?
Do you need to make estimated tax payments? Typically, if you receive a W-2, your taxes are automatically withheld. However, if you earn money from self-employment, interest, dividends, or rents, you will have to make estimated tax payments. This ensures that you’re paying your taxes. Read on to find out the estimated tax payment schedule […]
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