By law, all taxpayers have fundamental rights when they’re interacting with the IRS. It’s important that all taxpayers know and understand their rights. Taxpayer Bill of Rights Here’s an overview of these rights. The right to be informed Taxpayers have the right to know what they need to do to comply with the tax laws. The right to quality service Taxpayers have the [...]
Refundable tax credit application for sellers of higher blend ethanol gasoline is now available. The Nebraska Higher Blend Tax Credit Act Application, Form HBTC-A, will be accepted beginning August 1, 2022. Nebraska retail dealers who sold and dispensed E-15 or higher ethanol blends of gasoline at their retail sites during the 2021 calendar year are eligible to receive refundable tax [...]
The IRS has a Tax Withholding Estimator tool on their website. Use your best estimates for the year ahead to determine how to complete Form W-4 so you don't have too much or too little federal income tax withheld. How It Works Use this tool to: Estimate your federal income tax withholding See how your refund, take-home pay or tax [...]
The Internal Revenue Service reminds taxpayers who pay estimated taxes that the deadline to pay their second quarter tax liability is June 15. Taxes are pay-as-you-go This means taxpayers need to pay most of the tax they expect to owe during the year, as income is received. There are two ways to do that: Withholding from pay, pension or certain government [...]
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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 [...]
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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 [...]