Even if you did not file a return, but are eligible, you may apply by October 15, 2020 for the $335 NC Grant
STIMULUS CHECKS FOR NON-FILERS
The IRS has created an online form for people who don’t normally file a tax return, known as non-filers. It’s a free and easy way to provide basic information so non-filers can receive their economic impact payment as soon as possible.
Where’s My Stimulus Check?
The IRS has indicated that Economic Impact Payments will be sent automatically to most people everyone
Your 2019 Personal Tax Return Filing Deadline
The Federal tax filing deadline for 2019 tax returns has been moved to July 15, 2020
Help! I Can’t Pay My Tax Bill
If you ignore your tax bill entirely, not only will interest and penalties accrue, but the IRS may go after your assets and wages as well.
Making Sense of Your Taxes and Withholding
The Tax Cuts and Jobs Act (TCJA), which passed in December 2017, made fundamental changes to the U.S. tax code, and 2018 returns were the first time most taxpayers could see the practical impact of these changes. In an April 2019 Gallup poll, 43% of Americans said they were unsure how the new tax law …
Refunds for 2017 Shared Responsibility Payments
A new, or little known exception has recently been made clear that could allow you to recover 2017 penalty taxes. If you were one of the many taxpayers without Minimum Essential Coverage (Health insurance) for 2017, you might have paid a penalty tax with your 2017 tax return. Now, you could qualify for a full refund …
Future of the Federal Estate Tax
While no one can predict the future, the possibility of tax reform is once again in the spotlight. If it occurs, it may very well include repeal of the federal estate tax and related changes to the federal gift tax, the federal generation-skipping transfer (GST) tax, and the federal income tax basis rules. History of …
Will I owe income taxes when I sell my home?
In general, when you sell your home, any amount you receive over your cost basis (what you paid for the home, plus capital improvements, plus the costs of selling the home) is subject to capital gains taxes. However, if you owned and used the home as your principal residence for a total of two out …
Tax Benefits of Homeownership
Buying a home can be a major expenditure. Fortunately, federal tax benefits are available to make homeownership more affordable and less expensive. There may also be tax benefits under state law. Mortgage interest deduction One of the most important tax benefits of owning a home is that you may be able to deduct any mortgage …