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Surprising tax deductions to help maximize your refund
It’s tax season, and “GMA” hit the streets of New York to chat with filers about knowledge of tax deductions. Some people said they were afraid of doing their taxes and others said they found it...
View ArticleLast-minute tips for filing your taxes
If you are just starting to file your taxes, know that you are not alone. According to the IRS, 20 to 25 percent of people wait to file until two weeks before the deadline. Tax day is April 18 instead...
View ArticleUS had $106B budget surplus in April, thanks to tax receipts
The Treasury Department says the government posted a budget surplus in April, but the deficit so far for the 2016 year remains wider than it was in 2015. The April surplus came in at $106.5 billion,...
View ArticleNew rules could impact 2019 tax filing process
WILMINGTON, NC (WWAY) — Tax season starts tomorrow. There are a few things people need to keep in mind when it arrives. This year tax filers have to follow the Path Act, which requires a background...
View ArticleNorth Carolina accepting individual tax returns starting Monday
RALEIGH, N.C. (AP) — North Carolina tax officials are ready to start accepting individual tax returns from residents. The North Carolina Department of Revenue said it will open the 2019 individual...
View ArticleFree tax services for people who meet certain eligibility requirements in Conway
CONWAY, S.C. (WPDE) — Tax season starts on Jan. 27 and one program is offering free tax assistance to anyone who makes $56,000 or less a year, or has a disability and is a limited English-speaking...
View ArticleCharlotte tax preparer pleads guilty for filing false tax returns
CHARLOTTE, N.C. (WSOC) — A Charlotte tax preparer pleaded guilty in federal court Friday for filing false tax returns for her clients and for herself. Andrivia Wells entered a guilty plea for three...
View ArticlePotential tax deductions related to pandemic this year? Why they might not...
WILMINGTON NC (WWAY) — After the Christmas season comes the tax season. With more people working from home and businesses taking out loans, are there any deductions you can take? It might be harder...
View ArticleSurprise tax forms reveal extent of unemployment fraud in US
SACRAMENTO, Calif. (AP) — Unemployment agencies across the country were bombarded with so many claims during the pandemic that many struggled to distinguish the correct from the criminal. Simple tax...
View ArticleLocal accountant offers tax season tips to those receiving ACA subsidies
WILMINGTON, NC (WWAY) — A Wilmington Accountant is warning taxpayers to take caution when filing their 2020 tax returns, if they receive Affordable Care Act subsidies, also known as Obamacare. The...
View ArticleTax season begins two weeks early due to virus, IRS funding
WASHINGTON (AP) — This year’s tax filing season will begin on Jan. 24, 17 days earlier than last year, the Internal Revenue Service announced Monday. The IRS is warning that a resurgence of COVID-19...
View ArticleTrading cryptocurrency? You must report these transactions to the IRS
(CBS) — As tax season approaches, investors who’ve dabbled in buying or trading cryptocurrency may have more IRS forms to fill out than usual this year. Many, but not all, transactions made in...
View Article2022 Tax Season opens
RALEIGH, N.C. (WWAY) — The North Carolina Department of Revenue has officially opened the 2022 tax season and begun accepting and downloading 2021 individual income tax returns. Taxpayers who file...
View ArticleUNCW offering free tax assistance for certain tax payers
WILMINGTON, NC (WWAY) — It’s tax season and UNCW is offering free tax assistance to some. The UNCW Cameron School of Business is offering the assistance as part of an Internal Revenue...
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