Monthly Archives: February 2013

What to do if you owe but can’t pay (CBS.com)

Posted on February 28, 2013 by William A Olson, CPA

From CBS.com (MoneyWatch) So you’ve prepared your tax return and found that you owe. What should you do if you can’t pay? One thing you should do no matter what is to file your tax return on time. But if … Continue reading →

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IRS Filing Delays – 2012 Tax Returns

Posted on February 26, 2013 by William A Olson, CPA

Here’s a list of forms that have caused IRS filing delays in the 2013 tax filing season (2012 tax returns) as well as when the IRS expects to be able to start accepting them: (source IRS.gov) IRS 2012 forms that … Continue reading →

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IRA Early Withdrawal Penalty Exceptions

Posted on February 19, 2013 by William A Olson, CPA

This is a question I get asked a lot… so I figured a blog post would be a good idea. See this article for a list of the penalty exceptions for early withdrawals from IRA/retirement accounts.

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Most Common Bookkeeping Mistakes

Posted on February 18, 2013 by William A Olson, CPA

1. USING THE WRONG ACCOUNTING METHOD There are two main business accounting methods: cash and accrual. Cash accounting is the simpler method because it’s based on the actual flow of cash in and out of a business. The cash method … Continue reading →

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5 Overlooked Tax Deductions from the USA Today

Posted on February 15, 2013 by William A Olson, CPA

There’s a lot of talk right now regarding Americans paying their “fair share” to the tax man. While many issues are up for debate, most parties agree the tax code needs some work. But as you gather documentation to do … Continue reading →

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What to expect for refunds in 2013 (from IRS.gov)

Posted on February 7, 2013 by William A Olson, CPA

Click here for the full posting on the IRS website.

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