Spring has Sprung here at Bulldawg Tax & Cashflow Billing and our U-Haul trucks are in full bloom, ready for the summer moving season. Come see us for moving supplies, trucks & trailers and meet our newest team member Hannah, who handles all things U-Haul. https://www.uhaul.com/Locations/Truck-Rentals-near-Bellevue-NE-68005/027747/
IRS increases mileage rate for remainder of 2022 WASHINGTON — The Internal Revenue Service announced an increase in the optional standard mileage rate for the final 6 months of 2022. Taxpayers may use the optional standard mileage rates to calculate the deductible costs of operating an automobile for business and certain other purposes. For the final 6 months of 2022, [...]
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Federal Tax Refund Myth: If I call the IRS or a tax professional, I’ll get a better refund date. Fact: The best way to check the status of a refund is online through the Where’s My Refund? Tool or the IRS2Go mobile app. Need help with taxes? Contact us today!
The summer wedding season is fast approaching. Wedding planning is often overwhelming but figuring out how marriage will affect a couple’s tax situation doesn’t have to be. Here are a few things couples should think about as they prepare for the big day. Name and address changes People who change their name after marriage should report it to the Social [...]
Did you know: We are an active member of Protection Plus, providing up to $1M tax audit defense, experienced professionals, identity & theft restoration, interpretation & guidance, and a tax prep guarantee. Let us help you with your taxes, contact us today.
Federal Tax Refund MYTH: Getting a refund this year means there’s no need to adjust withholding for 2022. FACT: Taxpayers should make changes now to prepare for next year. One way to do this is to adjust their tax withholding with their employer. Use the Tax Withholding Estimator tool to help determine if their employer is withholding the right amount. [...]
Gov. Ricketts Signs Historic Tax Relief into Law LINCOLN – On April 13, 2022, Governor Pete Ricketts hosted a bill signing for LB 873 in the State Capitol Rotunda, according to https://governor.nebraska.gov/press/gov-ricketts-signs-historic-tax-relief-law. LB 873 delivers record amounts of tax relief to Nebraskans by cutting income taxes and reducing property tax burdens, added the article. Want to maximize your tax [...]
IRS Issues Virtual Currency Transactions Reminder The Internal Revenue Service is cautioning taxpayers with virtual currency not to skip over a small, but vitally important, part of their Form 1040 this year. As the saying goes, the devil’s in the details. The pitfall comes in the form of a simple check box at the top of each Form 1040, Form [...]
Why Refunds may take longer than 21 days The IRS issues most refunds in fewer than 21 days for taxpayers who file electronically and choose direct deposit. However, some returns have errors or need more review and may take longer to process. Taxpayers shouldn’t rely on getting a refund by a certain date. Things that can delay a refund: The [...]