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KF Tax & Accounting, P.C.

IRS dispels five myths about tax refunds

As the April tax-filing deadline approaches, the Internal Revenue Service understands that taxpayers are anxious to get details about their tax refunds. This has led to a number of common myths about refunds that often circulate on social media....

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KF Tax & Accounting, P.C.

Taxpayers to Use 2018 Form 1040 Moving Forward

With the April tax deadline right around the corner, IRS reminds taxpayers that Form 1040 has been redesigned for tax year 2018. The revised form consolidates Forms 1040, 1040A and 1040-EZ into one form that all individual taxpayers will use to file...

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KF Tax & Accounting, P.C.

Tax Credit Helping Millions: Spread the Word

All individual taxpayers and families should claim tax credits for which they are eligible. Tax credits can not only reduce the amount of taxes owed, but some can result in a tax refund. Word of mouth is a great way to help people who may be...

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KF Tax & Accounting, P.C.

Tax Reform Changes: Quick Overview and Resources

With the the major tax law changes now in affect when filing a 2018 tax return, here is a quick overview of key changes with a link to more information on IRS.gov: Tax rates lowered: tax rates are lower for most income brackets Standard...

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KF Tax & Accounting, P.C.

Late Tax Filing and Payment Penalties: Key Facts

The deadline for people to file their taxes and pay any tax they owe was on the 18th Of April this year. If taxpayers are due a refund, there is no penalty if they file a late tax return. Taxpayers who owe tax, and failed to file and pay on time,...

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