April 12, 2018
This year, most individual income tax returns need to be e-filed or postmarked by April 18. If you do not file on time, there is a late filing penalty of 5% on the amount that you owe. This is added to your tax balance for each month (or part of...
April 11, 2018
The deadline for filing income tax returns for Corporations (both C and S-Corps) and Multi Member LLC’s is March 15th. The fact is millions of businesses do not file their corporate income tax return by the filing deadline and instead file IRS...
April 9, 2018
If you owe more taxes than you can afford to pay right now, the IRS offers payment arrangement options. However, it is important to understand that regardless of your reason for paying taxes late, the IRS will charge interest and penalties for...
March 14, 2018
Tax time is here again.
Filing your tax return is the easy part – it’s calculating your deductions, credits, and income that can be tricky. You have a few different options available for filing your tax return, from using the traditional...
March 1, 2018
This article gives you the tax rates and related numbers that you will need to prepare your 2017 income tax return. In general, 2017 individual tax returns are due by Tuesday, April 17, 2018....
February 26, 2018
An Employer Identification Number (EIN) is a 9-digit number issued by the IRS for the purposes of identifying a particular business’ tax account. The EIN format is XX-XXXXXXX.
EINs are used by employers, sole proprietors, corporations,...