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Sally Lindberg & Associates September 2017 Newsletter

Tax Notes Individual federal tax returns that were granted an automatic six-month extension are due on October 16. American Opportunity Tax Credit (AOTC) The AOTC is a tax credit with a non-refundable and refund­able component to help make college more affordable for eligible students. A non-refundable portion is allowed to the extent it does not… Read more

Sally Lindberg & Associates May 2017 Newsletter

Tax Insight–May 2017 Tax Deadline Second quarter individual estimated tax payments are due June 15. IRS to Use Private Debt Collectors Last month, the IRS started turning over to private collection agencies (PCA) the accounts of individual taxpayers who have inactive tax receivables. The IRS will be using these four collection agencies: ConServe Pioneer Performant… Read more

Tax Insight April 2017 Newsletter

Tax Notes If you no longer use paper checks, you can make payments to the IRS using myPay. For 2016, the annual gift tax exclusion is $14,000 per donee. For 2016, a qualified individual may exclude up to $101,300 of qualified foreign earned income. Set up my Social Security Account Setting up my Social Security… Read more

Sally Lindberg & Associates February 2017 Newsletter

As Tax Season Begins, Beware of Scams The Treasury Inspector General for Tax Administration (TIGTA) has been actively tracking down and bringing to justice those who make phone calls impersonating IRS employees in an attempt to scam innocent taxpayers. Although TIGTA has recently been instrumental in prosecuting some of these scammers, there is still concern… Read more