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

Updated Withholding Tables for 2017

by TaxGenuity Tax Experts | Feb 20, 2017 | Tax Advice

Updated income-tax withholding tables for 2017 have been released. The newly revised version contains percentage method income-tax withholding tables and related information that employers need to implement these changes. In addition, employers should continue...

Five Ways to Improve your Financial Situation

by TaxGenuity Tax Experts | Feb 17, 2017 | Tax Advice

If you are having trouble paying your debts, it is important to take action sooner rather than later. Doing nothing leads to much larger problems in the future, whether it’s a bad credit record or bankruptcy resulting in the loss of assets and even your home. If...

Missing your Form W-2?

by TaxGenuity Tax Experts | Feb 14, 2017 | Tax Advice

You should receive a Form W-2, Wage and Tax Statement, from each of your employers for use in preparing your federal tax return. Employers must furnish this record of 2016 earnings and withheld taxes no later than January 31, 2017 (if mailed, allow a few days for...

Claiming an Elderly Parent or Relative as a Dependent

by TaxGenuity Tax Experts | Feb 11, 2017 | Tax Advice

Are you taking care of an elderly parent or relative? Whether it’s driving to doctor appointments, paying for nursing home care or medical expenses, or handling their personal finances, dealing with an elderly parent or relative can be emotionally and...

2017 Tax Filing Season; Tax Returns due April 18

by TaxGenuity Tax Experts | Feb 8, 2017 | Tax Advice

The IRS began accepting electronic and paper tax returns on Monday, Jan. 23, 2017. More than 153 million individual tax returns are expected to be filed in 2017, according to the IRS. Taxpayers are reminded that a new law (more details, below) requires the IRS to hold...

IRS Tax Scams 2017: FAQs

by TaxGenuity Tax Experts | Feb 5, 2017 | Tax Advice

As tax season approaches, taxpayers are reminded to be on the lookout for an array of evolving tax scams related to identity theft and refund fraud. Every year scam artists look for new ways to trick taxpayers out of their hard-earned money, sensitive financial...

Who Should File a 2016 Tax Return?

by TaxGenuity Tax Experts | Feb 2, 2017 | 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....