IDMS Account Ability

Estimated tax is a method used to pay tax on income that is not subject to withholding. You may need to pay estimated taxes during the year depending on what you do for a living and what type of income you receive.

Taxpayers who owe taxes may be relieved to know that there are some options for those who owe and can’t afford to pay the full amount right away.

Reporting is Voluntary for All Employers for 2011 and Small Employers for 2012.

If you give someone money or property during your life, you may be subject to the federal gift tax.

This year, you have a few extra days to make contributions to your traditional Individual Retirement Arrangements.

If you file jointly and all or part of your refund is applied against your spouses’ past-due federal tax, state income tax, child or spousal support or federal nontax debt, such as a student loan, you may be entitled to injured spouse relief.

Charitable contributions made to qualified organizations may help lower your tax bill.

If you have a farming business, there are several tax issues to consider before filing your federal tax return.

Some taxpayers overstate their tax basis and cheat on their taxes. A higher cost basis means a lower taxable gain or higher tax deductible loss on the sale of stocks or other transactions reported on Form 1040, Schedule D.

The IRS has more than 400 offices nationwide where taxpayers can walk in and get face-to-face assistance. These Taxpayer Assistance Centers are your source for personal tax help when you believe your tax issue cannot be handled online or by phone.