July 26, 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...
July 18, 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,...
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...
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...
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....