May 25, 2016
Tax season might be over, but that doesn’t mean it’s time to stop thinking about taxes. In fact, we’ll hear about it for the rest of the year while presidential candidates try to convince us that their tax plans are better for us than...
May 10, 2016
Individuals in most states are required to file a state income tax return in addition to their federal return. Only Alaska, Florida, Nevada, South Dakota, Texas, Washington, and Wyoming do not have a state individual income tax, so filing a state...
April 21, 2016
There it is, sitting in your account just begging you to spend it. It’s like when you were a kid and you found a dollar on the sidewalk – the possibilities seem endless!
No matter how big the dollar number is, you can’t help but...
April 17, 2016
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 7, 2016
Mark your calendar! Due to an overlap of tax deadlines and Federal/State holidays, the IRS has announced some new due dates for the upcoming 2016 tax season.
April 6, 2016
The Federal income tax is based on a “pay-as-you-go” system. There are 2 ways to pay as you go: withholding tax or estimated tax. This article discusses withholding tax (also...