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Tax Due Dates for May 2023 (Money)
May 1Employers - Federal unemployment tax. Deposit the tax owed through April if more than $500.Employers - Social Security, Medicare, and withheld income tax. File Form 941 for the first ...
Mukesh Makker
5 Tips for New and Confused QuickBooks Users - May 2023 (Money)
Learning new software is always a challenge. You have to learn the lay of the land before you can start working with it. How do I do this? How does the menu system work? How can I enter data without m...
Mukesh Makker
Small Business: Choosing a Payroll Service Provider - May 2023 (Money)
When choosing a payroll service provider to handle payroll and payroll tax, employers should choose a trusted payroll service to help them avoid missed deposits for employment taxes and other unpaid b...
Mukesh Makker
Certain Taxpayers May Need to File an Amended Return - May 2023 (Money)
Taxpayers who reported certain state 2022 tax refunds as taxable income may need to file an amended tax return. Affected taxpayers include those who filed before February 10, 2023, and meet certain re...
Mukesh Makker
IRS Tax Debt Could Affect Passport Renewal - May 2023 (Money)
As a reminder, individuals with "seriously delinquent tax debts" are subject to a new set of provisions courtesy of the Fixing America's Surface Transportation (FAST) Act, signed into law in December ...
Mukesh Makker
Check the Status of a Tax Refund Using This IRS Tool - May 2023 (Money)
Taxpayers can start checking their tax refund status within 24 hours after receiving an e-filed return. The easiest and most convenient way to do this is by using the "Where's My Refund?" tool on the ...
Mukesh Makker
Saving for Education: Understanding 529 Plans - May 2023 (Money)
Many parents are looking for ways to save for their child's education, and a 529 Plan is an excellent way to do so. Even better is that thanks to the passage of tax reform legislation in 2017, 529 pla...
Mukesh Makker
Changing Jobs? Don't Forget About Your 401(K) - May 2023 (Money)
One of the most important questions you face when changing jobs is what to do with the money in your 401(k) because making the wrong move could cost you thousands of dollars or more in taxes and lower...
Mukesh Makker
What To Do if You Missed the Tax Deadline - May 2023 (Money)
Tuesday, April 18, 2023, was the deadline for most taxpayers to file their tax returns. If you haven't filed a 2022 tax return yet, it's not too late.First, gather any information related to i...
Mukesh Makker
Tax Due Dates for April 2023 - April 2023 (Money)
April 10Employees who work for tips - If you received $20 or more in tips during March, report them to your employer. You can use Form 4070.April 18Individuals - File an income tax ret...
Mukesh Makker