Monthly Archives: March 2012

Tax penalties. When they may apply to you.

Posted on March 21, 2012 by William A Olson, CPA

I’m frequently asked “what causes tax penalties?” or “why do I owe a tax penalty?”. Here’s an article I found in Forbes that does a great job of explaining tax penalties.

Posted in 1040 Personal Income Taxes, 1065 Partnership Income Taxes, 1120 S Corporation Taxes, IRS, Tax filing due dates | Comments Off on Tax penalties. When they may apply to you.

Converting your home to a rental property

Posted on March 12, 2012 by William A Olson, CPA

I find that more and more clients are converting their personal residences to rental properties for a variety of reasons. This has a variety of different tax implications some of which, are explained in this article.

Posted in 1040 Personal Income Taxes, Personal Finance, QuickBooks | Comments Off on Converting your home to a rental property

Do you need to know when you’ll get your tax refund? Here’s where you can check.

Posted on March 2, 2012 by William A Olson, CPA

You can check the status of your Federal Tax Refund here.

Posted in 1040 Personal Income Taxes, IRS | Comments Off on Do you need to know when you’ll get your tax refund? Here’s where you can check.