Federal Tax Returns

The Latest

  • September 10, 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...

  • 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...

  • February 14, 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...

  • 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...