Year-round tax planning tips for taxpayers
Here are some simple things taxpayers can do throughout the year to make next filing season less stressful. Organize tax records. Create a system that keeps all important information together. Taxpayers can use a software program for electronic recordkeeping or store paper documents in clearly labeled folder…
What taxpayers should do if they get mail from the IRS
IRS sends notices and letters when it needs to ask a question about a taxpayer’s federal tax return, let them know about a change to their account or request a payment. Don’t panic if mail comes from the IRS – they’re here to help. When a taxpayer receives mail from the IRS, they should:
【Taxpayers should check their withholding now to prepare for next year】
Proper tax withholding now is key to avoiding surprises when taxpayers file next year. Making any needed adjustments early means taxpayers won’t have to make a big change later in the year to catch up. The IRS Tax Withholding Estimator is a free online tool that helps workers, independent contractors and retirees determine …
IRS reminder to U.S. taxpayers living, working abroad: File 2024 tax return by June 16
The Internal Revenue Service reminded taxpayers living and working abroad that they have until Monday, June 16, 2025, to file their 2024 federal income tax return and pay any tax due. This deadline applies to both U.S. citizens and resident aliens abroad, including those with dual citizenship. In general, on …
Notice of Blog Migration（ブログ移転のお知らせ）
Thank you for always reading my blog. I am pleased to inform you that I have decided to move my blog to a new site to provide a better browsing experience. New Blog URL
Essential tax tips for marriage status changes
A taxpayer’s filing status generally depends on their being married or unmarried on the last day of the year – which means that a taxpayer's marital status as of Dec. 31, 2024, determines their tax filing options for all of 2024. For filing purposes, the IRS generally considers taxpayers as married if the…
Federal Reserve Bank (FRB) announced the exchange rate on January 6, with the exchange rate converted from Japanese yen to U.S. dollar at 151.46 yen per U.S. dollar.
Happy New Year. I would like to congratulate you on the healthy new year. Thank you very much for your kindness during last year and for your continued support this year. I wish you good health and development. ---------------------------------------------------------------------------------------------------- 新年あけ…
Don’t let scammers ruin holiday gift card giving
Taxpayers should watch out for gift card scams especially during the holiday season. The IRS never asks for or accepts gift cards as payment for a tax bill.
Corporate alternative minimum tax
The Inflation Reduction Act of 2022 created the corporate alternative minimum tax (CAMT), which imposes a 15% minimum tax on the adjusted financial statement income (AFSI) of large corporations for taxable years beginning after Dec. 31, 2022. CAMT generally applies to large corporations with average annual f…
Extension filers: Gather all tax info before filing
The deadline for taxpayers with an extension to file is around the corner – on Tuesday, Oct. 15. It's important for taxpayers to gather all their records and get copies of any missing documents before they sit down to prepare their return, whether they are filing on their own or working with a professional tax preparer. This helps them file a complete and accurate…
A guide to withholding, estimated taxes and ways to avoid the estimated tax penalty
The IRS has seen an increasing number of taxpayers subject to estimated tax penalties, which apply when someone underpays their taxes. The penalty amount varies but can be several hundred dollars. The IRS urges taxpayers to check into their options to avoid these penalties. Adjusting withholding on their paychecks or the amo…
Things for extension filers to keep in mind as they prepare to file
Many people requested an extension to file their tax return after the usual deadline. These filers have until Oct. 15, 2024, to complete and file their tax return. The IRS suggests that those who already have the forms and information they need file now – there's no advantage to waiting until the deadline and filing now saves the worry that they may miss the deadl…
What taxpayers should do if they receive mail from the IRS
IRS sends notices and letters when it needs to ask a question about a taxpayer’s federal tax return, let them know about a change to their account or request a payment. Don’t panic if something comes in the mail from the IRS – they’re here to help. When a taxpayer receives mail from the IRS, they should:
U.S. taxpayers living and working abroad face June 17 deadline to file their 2023 tax returns
The Internal Revenue Service reminds taxpayers living and working outside the United States to file their 2023 federal income tax return by Monday, June 17. This deadline applies to both U.S. citizens and resident aliens abroad, including those with dual citizenship. Qualifyin…
IRS reminder to U.S. taxpayers living, working abroad: File 2023 tax return by June 17
The Internal Revenue Service reminds taxpayers living and working outside the U.S. to file their 2023 federal income tax return by Monday, June 17, 2024. This deadline applies to both U.S. citizens and resident aliens abroad, including those with dual citizenship. Taxpayers unable to file their tax returns by the June deadline can request a further extension to fi…
Get ahead of the tax deadline; act now to file, pay or request an extension
With the April 15 tax deadline approaching, the IRS reminds taxpayers there is still time file their federal income tax return and request direct deposit. Taxpayers that owe on their tax return IRS reminds people they can avoid paying interest and some penalties by fi…
A deduction reduces the amount of a taxpayer's income that's subject to tax, generally reducing the amount of tax the individual may have to pay. Most taxpayers now qualify for the standard deduction, but there are some important details involving itemized deductions that people should keep in mind.
例年では1月上旬にFRB（連邦準備制度理事会）より前年中の年間の平均為替レートが発表されておりましたが、ようやくFRBの2023年の年間の平均為替レートが分かりましたのでご案内させて頂きます。 2023年の連邦税、州税申告書類で使用する換算レートは、1米国㌦=140.50円となります。
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Here are some simple things taxpayers can do throughout the year to make next filing season less stressful. Organize tax records. Create a system that keeps all important information together. Taxpayers can use a software program for electronic recordkeeping or store paper documents in clearly labeled folder…
IRS sends notices and letters when it needs to ask a question about a taxpayer’s federal tax return, let them know about a change to their account or request a payment. Don’t panic if mail comes from the IRS – they’re here to help. When a taxpayer receives mail from the IRS, they should:
Proper tax withholding now is key to avoiding surprises when taxpayers file next year. Making any needed adjustments early means taxpayers won’t have to make a big change later in the year to catch up. The IRS Tax Withholding Estimator is a free online tool that helps workers, independent contractors and retirees determine …
The Internal Revenue Service reminded taxpayers living and working abroad that they have until Monday, June 16, 2025, to file their 2024 federal income tax return and pay any tax due. This deadline applies to both U.S. citizens and resident aliens abroad, including those with dual citizenship. In general, on …
Thank you for always reading my blog. I am pleased to inform you that I have decided to move my blog to a new site to provide a better browsing experience. New Blog URL
A taxpayer’s filing status generally depends on their being married or unmarried on the last day of the year – which means that a taxpayer's marital status as of Dec. 31, 2024, determines their tax filing options for all of 2024. For filing purposes, the IRS generally considers taxpayers as married if the…
Federal Reserve Bank (FRB) announced the exchange rate on January 6, with the exchange rate converted from Japanese yen to U.S. dollar at 151.46 yen per U.S. dollar.
Happy New Year. I would like to congratulate you on the healthy new year. Thank you very much for your kindness during last year and for your continued support this year. I wish you good health and development. ---------------------------------------------------------------------------------------------------- 新年あけ…
Taxpayers should watch out for gift card scams especially during the holiday season. The IRS never asks for or accepts gift cards as payment for a tax bill.
The Inflation Reduction Act of 2022 created the corporate alternative minimum tax (CAMT), which imposes a 15% minimum tax on the adjusted financial statement income (AFSI) of large corporations for taxable years beginning after Dec. 31, 2022. CAMT generally applies to large corporations with average annual f…
The deadline for taxpayers with an extension to file is around the corner – on Tuesday, Oct. 15. It's important for taxpayers to gather all their records and get copies of any missing documents before they sit down to prepare their return, whether they are filing on their own or working with a professional tax preparer. This helps them file a complete and accurate…
The IRS has seen an increasing number of taxpayers subject to estimated tax penalties, which apply when someone underpays their taxes. The penalty amount varies but can be several hundred dollars. The IRS urges taxpayers to check into their options to avoid these penalties. Adjusting withholding on their paychecks or the amo…
Many people requested an extension to file their tax return after the usual deadline. These filers have until Oct. 15, 2024, to complete and file their tax return. The IRS suggests that those who already have the forms and information they need file now – there's no advantage to waiting until the deadline and filing now saves the worry that they may miss the deadl…
IRS sends notices and letters when it needs to ask a question about a taxpayer’s federal tax return, let them know about a change to their account or request a payment. Don’t panic if something comes in the mail from the IRS – they’re here to help. When a taxpayer receives mail from the IRS, they should:
The Internal Revenue Service reminds taxpayers living and working outside the United States to file their 2023 federal income tax return by Monday, June 17. This deadline applies to both U.S. citizens and resident aliens abroad, including those with dual citizenship. Qualifyin…
The Internal Revenue Service reminds taxpayers living and working outside the U.S. to file their 2023 federal income tax return by Monday, June 17, 2024. This deadline applies to both U.S. citizens and resident aliens abroad, including those with dual citizenship. Taxpayers unable to file their tax returns by the June deadline can request a further extension to fi…
With the April 15 tax deadline approaching, the IRS reminds taxpayers there is still time file their federal income tax return and request direct deposit. Taxpayers that owe on their tax return IRS reminds people they can avoid paying interest and some penalties by fi…
A deduction reduces the amount of a taxpayer's income that's subject to tax, generally reducing the amount of tax the individual may have to pay. Most taxpayers now qualify for the standard deduction, but there are some important details involving itemized deductions that people should keep in mind.
例年では1月上旬にFRB（連邦準備制度理事会）より前年中の年間の平均為替レートが発表されておりましたが、ようやくFRBの2023年の年間の平均為替レートが分かりましたのでご案内させて頂きます。 2023年の連邦税、州税申告書類で使用する換算レートは、1米国㌦=140.50円となります。
IRS sends notices and letters when it needs to ask a question about a taxpayer’s federal tax return, let them know about a change to their account or request a payment. Don’t panic if something comes in the mail from the IRS – they’re here to help. When a taxpayer receives mail from the IRS, they should:
The Internal Revenue Service reminds taxpayers living and working outside the United States to file their 2023 federal income tax return by Monday, June 17. This deadline applies to both U.S. citizens and resident aliens abroad, including those with dual citizenship. Qualifyin…
The Internal Revenue Service reminds taxpayers living and working outside the U.S. to file their 2023 federal income tax return by Monday, June 17, 2024. This deadline applies to both U.S. citizens and resident aliens abroad, including those with dual citizenship. Taxpayers unable to file their tax returns by the June deadline can request a further extension to fi…
With the April 15 tax deadline approaching, the IRS reminds taxpayers there is still time file their federal income tax return and request direct deposit. Taxpayers that owe on their tax return IRS reminds people they can avoid paying interest and some penalties by fi…
A deduction reduces the amount of a taxpayer's income that's subject to tax, generally reducing the amount of tax the individual may have to pay. Most taxpayers now qualify for the standard deduction, but there are some important details involving itemized deductions that people should keep in mind.
例年では1月上旬にFRB（連邦準備制度理事会）より前年中の年間の平均為替レートが発表されておりましたが、ようやくFRBの2023年の年間の平均為替レートが分かりましたのでご案内させて頂きます。 2023年の連邦税、州税申告書類で使用する換算レートは、1米国㌦=140.50円となります。
