2017 Tax Season Starts January 29
January 19th, 2018
The IRS has stated that it will begin accepting tax returns on January 29, 2018. The tax deadline to file your 2017 income tax returns is April 17, 2018. Tax refunds are expected to begin being paid out around the middle of February 2018.
If you need assistance in preparing your 2017 income tax return, contact our law office at 816-524-4949 or visit our website at Hoorfarlaw.com.
Upcoming Tax Deadlines
January 15th, 2018
Partnerships and S Corporations must file by March 15, 2018 C Corporations must file by April 17, 2018 Individuals must file by April 17, 2018 IRA contributions for 2017 can be made until April 17, 2018 If you would like to have your income tax return prepared for you, contact our law office at 816-524-4949 or visit our website at Hoorfarlaw.com.
Paying Taxes on the Sale of Your Home
September 21st, 2016
Normally, taxpayers do not have to pay any income tax on $250,000 ($500,000 if married filing jointly) in profit from selling your home. However, if you did not own the home for at least two (2) years of the previous (5) years from selling the home, you may have to pay income taxes on the profits of selling your home without any exclusion.
If you are having tax issues and would like some assistance, contact our law office at 816-524-4949 or visit our website at www.Hoorfarlaw.com.