Too Busy For Your Taxes Welcome to the topic Deciding When to File a Tax Return. When To File? April 15th – “The Day of Reckoning”! Every year, millions of Americans get ready to pay taxes to Uncle Sam, or get ready to collect a tax refund from Uncle Sam; when did this become the… Continue reading Deciding when to file your Tax Return?
It’s a moment every person dreads. You pick up the mail and there is an envelope from the IRS. It’s not a refund check. What do you do? Welcome to the topic Correspondence from the IRS Correspondence From The IRS? Each year, the IRS sends out millions of “correspondence audits” to taxpayers to request payment… Continue reading Correspondence from the IRS? Don’t Panic!
Welcome to the topic How a Tax Debt Can Affect Your Credit Score. It might be intimidating, not to add worrisome, to discover that you owe the IRS a hefty tax bill. Should you need to make a payment to the federal government this tax season, you might be wondering if postponing or failing to… Continue reading How A Tax Debt Can Affect Your Credit Score
Welcome to the topic Determining Your Tax Status. Knowing how to determine your tax status and knowing the difference between each group will help to make filing your income tax return go smoother. Here we will discuss the ways in which you determine which status to file under. The Five Filing Status There are five… Continue reading Determining Your Filing Status
Welcome to the topic Automatic Extension Request for Business The internal revenue service has recently been taking steps to cut down on clutter and streamline the tax filing process. Now they’ve simplified business tax return extensions. Who Can File for An Extension? A U.S. citizen or resident files this form to request an automatic extension… Continue reading Automatic Extension Requests for Businesses
Welcome to the topic Dear John Letter from the IRS. Undoubtedly, you are aware of Dear John letters. Often a young lady sent them to men in the military, often containing bad news. Well, the IRS sends them to taxpayers as well. Dear John Letters from the IRS The Internal Revenue Service sends out millions… Continue reading Dear John Letters from the IRS
Welcome to the topic Determining Your Tax Status. Knowing How to Determine Your Tax Filing Status Knowing how to determine your tax status and knowing the difference between each group will help to make filing your income tax return go smoother. Here we will discuss the ways in which you determine which status to file… Continue reading Determining Your Tax Filing Status
Welcome to the topic Some Changes That May Affect Next Year’s Tax Returns. Many factors can contribute to how your tax returns end up looking. Next year’s tax returns will be no different. There are some policy changes on the horizon that may affect your tax returns, so it is good to become aware of… Continue reading Some Changes That May Affect This Year’s Tax Returns
Welcome to the topic Tax Tips for Small Business Owners. It’s difficult enough to run a business without adding the additional complication of filing taxes each year. Working with your accountant throughout the year, rather than just while preparing your tax return, is the key, according to experts. Making financial decisions without contacting an accountant… Continue reading Tax Tips for Small Business Owners
Welcome to the topic Do You Qualify for A Tax Refund? The US has a multiple income tax system, with federal, state, and municipal governments all imposing taxes. In that, they impose a percentage rate on taxable incomes, federal and state income taxes are comparable. Still, they vary significantly in terms of those rates and… Continue reading Do You Qualify for a Tax Refund?
Welcome to the topic of Automobile Tax Expenses. If you use a vehicle for conducting business, you can deduct certain automobile tax expenses from your tax bill. This is true even if you use the vehicle for personal and business needs. Automobile Tax Expenses The powers that behave historically written sections into the tax code… Continue reading Automobile Tax Expenses with IRS Deductions
Parents must give serious thought to protecting their family through estate tax planning. While life insurance and trusts should be a part of every plan, Roth IRAs can be a simple tool for passing money to your child on a tax-free basis. Welcome to the Topic Create Tax Savings and Transfer Wealth to Your Child with A… Continue reading Create Tax Savings and Transfer Wealth to Your Child with A Roth IRA
