Important upcoming deadlines you need to know. Tax season is a stressful time for some taxpayers. However, knowing each tax deadline will give you a heads up so you know how to stay on top of your game. For all the 2019 tax deadlines that are left, take a look at the list of due […]
The new tax season brought in a lot of changes, and your job expenses are one of them. If you’ve noticed on your tax returns that you can’t deduct your W-2 job expenses for 2018, you’re partially correct. Unfortunately, not everyone can claim their out-of-pocket job expenses. Here’s the breakdown. Eligibility The new tax laws […]
Do you need to make estimated tax payments? Typically, if you receive a W-2, your taxes are automatically withheld. However, if you earn money from self-employment, interest, dividends, or rents, you will have to make estimated tax payments. This ensures that you’re paying your taxes. Read on to find out the estimated tax payment schedule […]
Did you miss the 2016 tax deadline? With tax seasons coming and going, you probably have some catching up to do. Luckily, you can still file your 2016 tax return if you’re one of many taxpayers that are rushing to stay on top of a missed 2016 tax deadline. That being said, start raiding your rooms for all […]
Overwhelmed With Prior Year Unfiled Tax Returns? While most Americans finish or have finished their current year taxes, others have stacks of unfiled tax returns from previous years. You may feel swamped with the pressures of work and within a blink of an eye, you wake up to find an IRS notice in the mailbox. Let’s face […]
“Mistakes can often be as good a teacher as success.” As a business owner, you might have already heard this one. Jack Welch, the founder of General Electric, made this statement and although he wasn’t talking about taxes, it applies. The filing deadline for LLCs is always April 15th. The filing deadline for S-Corps and […]
Taxes take a big bite out of your income, but that bite gets bigger with the addition of late filing penalties. How much bigger? It depends on what you’re late on, and how late you are. For example, there are penalties for late filing, not paying at all, and both can be combined. Here are […]
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