June 18, 2018
This year, you had an extra few days to file your 2017 tax return, but what happens if you missed that deadline? If the April 18th due date passed you by and you still haven’t filed, there is...
June 7, 2018
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...
May 29, 2018
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...
May 21, 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,...
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...