Income Taxes

The Latest

  • June 15, 2015

    This is the IRS’ general tax calendar, which includes all the 2015 deadlines that most taxpayers will need to know.

    NOTE: If you file your taxes based on the fiscal year (instead of the calendar year), some of these dates will be...

  • March 10, 2015

    In general, all businesses operating in the U.S. are required to report their activities to the IRS by filing annual tax returns. The due date and type of tax return that is filed depends on the type of business entity.

    NOTE...

  • February 26, 2015

    Beyond normal day-to-day business expenses, there are many other tax deductions that can help business owners reduce their tax liability. Not using all the deductions available on your tax return is...

  • February 10, 2015

    For Federal income tax purposes, it is important to know whether you are an employee or an independent contractor.

    Employee vs. Independent Contractor

    The IRS defines independent contractors as follows:

    “People such as...

  • February 6, 2015

    Itemizing your deductions (as opposed to claiming the standard deduction) means that you may be able to deduct certain miscellaneous expenses on your income tax return.

    ...

  • September 19, 2014

    Starting a new business is an exciting adventure, but also a major undertaking. Although, as a new business owner, you may be an expert in your field or industry, you may be new to paying taxes...

  • February 11, 2014

    When it comes to tax preparation many people are far from efficient. In fact, most taxpayers are disorganized and unprepared when they begin to file their returns. Of course, you don’t have to make this mistake. The following 5 tax preparation...

  • January 22, 2014

    It is important to understand the difference between State income taxes and Federal income taxes. If you don’t, you could end up making mistakes that can cost you both time and money (such as underpaying or overpaying on your tax returns)....

  • October 15, 2013

    A Federal income tax audit is a review of your income tax return to determine its accuracy and truthfulness. Note that a tax audit is not necessarily an...