Income Taxes

The Latest

  • December 11, 2017

    During the month of December, consider these year-end tax tips that could save you money when April 15th comes around.

    1) Give to Charity

    If you plan on a itemizing your deductions, you can reduce your tax liability with an end-of-year...

  • December 4, 2017

    If you realized you made a mistake on your submitted tax return, never fear. The IRS will let you amend your tax return to correct any errors. Common mistakes may include forgotten deductions or credits, incorrect filing status, or missed income...

  • November 29, 2017

    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...

  • November 27, 2017

    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,...

  • November 15, 2017

    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...

  • August 31, 2017

    If you are a homeowner, your home could be a great asset when it comes to doing your tax return. To encourage homeownership and energy conservation, the government provides several tax breaks geared toward homeowners. Using these...