Tax Advice | TaxGenuity, Inc. - Tax Experts & IRS Problem Solvers

Employers: Beware of the Form W-2 Scam

by TaxGenuity Tax Experts | Feb 26, 2018 | Tax Advice

The Form W-2 scam has emerged as one of the most dangerous phishing emails in the tax community. During the last two tax seasons, cybercriminals tricked payroll personnel or people with access to payroll information into disclosing sensitive information for entire...

Updated Withholding Tables for 2018

by TaxGenuity Tax Experts | Feb 23, 2018 | Tax Advice

Updated income-tax withholding tables have been released for 2018 reflecting changes made by the tax reform legislation enacted last month. The updated withholding information, available on IRS.gov, shows the new rates for employers to use during 2018. Employers...

Who Should File a 2017 Tax Return?

by TaxGenuity Tax Experts | Feb 20, 2018 | Tax Advice

Most people file a tax return because they have to, but even if you don’t, there are times when you should–because you might be eligible for a tax refund and not know it. The six tax tips below should help you determine whether you’re one of them. 1....

Tax Filing Season Begins; Tax Returns due April 17

by TaxGenuity Tax Experts | Feb 17, 2018 | Tax Advice

More than 155 million individual tax returns are expected to be filed in 2018, according to the IRS, which began accepting electronic and paper tax returns on Monday, January 29, 2018. The January 29 opening date was set to ensure the security and readiness of key tax...

Five Tax Breaks that Survived Tax Reform

by TaxGenuity Tax Experts | Feb 14, 2018 | Tax Advice

Recent tax reform legislation affected many provisions in the tax code. Many were modified, either permanently or temporarily, while some were repealed entirely. Here are five that survived. 1. Mortgage Interest Deduction While the House bill repealed the mortgage...

Federal Tax Forms: Which one should you use?

by TaxGenuity Tax Experts | Feb 11, 2018 | Tax Advice

U.S. citizens and resident aliens use one of three different forms for filing individual federal income tax returns: 1040EZ, 1040A, or 1040. If you’re wondering which form you should use, keep reading. Form 1040EZ Form 1040EZ, Income Tax Return for Single and...

Donating a Car to Charity

by TaxGenuity Tax Experts | Feb 8, 2018 | Tax Advice

If you donated a car to a qualified charitable organization in 2017 and intend to claim a deduction, you should be aware of the special rules that apply to vehicle donations. Note: You can deduct contributions to a charity only if you itemize deductions using Schedule...