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Destin Log in Destin, Florida

11 Mar 1987

Page 9

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Destin Log March 11, 1987 Page 9 old newspaper archives

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Newspaper

Destin Log

Location

Destin, Florida, United States of America

Date

Mar 11, 1987

Page

9

Experts urge early figuring on W-4 and 1986 tax season

Tax pros urge filing early due to new W-4 form and tax law. IRS reports heavy call volume and longer answers as taxpayers rush to meet the April 15 deadline. With W-2s arriving by Jan 31, taxpayers are advised to prepare now to avoid errors and penalties amid a historically busy season.

MENTIONED IN THIS ARTICLE

Ruth Rothbacker Internal Revenue Service IRS Ms. Rothbacher Rothbacher Charles Mills Kansas City Mills H&r Block Inc Nancy Anderson Anderson Estelle Tunley Scripps Howard News Service SHNS
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Moving expenses may be deductible for 1986 relocations

Taxpayers who changed job locations in 1986 can deduct certain moving expenses on their tax returns. Deductions cover house hunting trips, disposing of the old home, temporary living costs, moving goods, and travel to the new home. To qualify, expenses must meet distance and time tests and be closely related to starting work.

MENTIONED IN THIS ARTICLE

Internal Revenue Service IRS
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Social Security Benefits May Be Taxable Income

High income taxpayers who received social security or tier 1 railroad retirement benefits in 1986 may owe federal income tax on part of their benefits. As much as one half of benefits may be taxable if combined income exceeds base amounts of 25000 for singles or separate filers and 32000 for joint filers.

MENTIONED IN THIS ARTICLE

Internal Revenue Service IRS
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Also Mentioned on This Page

Wm. J. O'Connor Benning Dr Transamerica Stockton, Whatley, Davin & Company First National Bank of Boston Mortgage Brokers Santa Rosa Executive Plaza Mary Esther L Financial & Business. Consultants, Inc Betty Santa Rosa Beach Lee Lockhart Financial Institution Iras Insurance Company Harmon Gilmore Insurance Mm McHee P.O. Box Mountain Drive Destin Florida Destin Loan Office Main Street Fort Walton Beach Eglin Parkway Destin Savings Bank Destin, Florida
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