Category Archives: 1120 C Corporation Income Taxes

Mid Year Tax Planning

We are getting very close to the end of the third quarter in 2016 and if your tax bill for 2016 is likely to be much higher (or lower) than it was in 2015, now is the best time to … Continue reading

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Have you received an IRS notice?

Here’s what to do. The full article from IRS.gov is copied below. What to do if You Get a Notice from the IRS IRS Summertime Tax Tip 2014-01, July 2, 2014 Each year the IRS mails millions of notices. Here’s … Continue reading

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Mid-year Tax Planning (re-post)

There are always things you can be doing throughout the year to lower your tax bill at year end. Full year tax projections are a great way to see how what you do now will make your life easier come … Continue reading

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2014 Standard Mileage Rates (IRS)

Here they are. 2014 Standard Mileage Rates IR-2013-95, Dec. 6, 2013 WASHINGTON — The Internal Revenue Service today issued the 2014 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or … Continue reading

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Affordable Care Act (ACA) Tax Provisions

Need help understanding the Affordable Care Act’s tax provisions? Your local CPA is a good source for information, but so is the IRS itself. See here for a link to a helpful page on the IRS’s website. William A. Olson, … Continue reading

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Your year-end tax to do list: what you do before the Dec. 31 deadline can save you big bucks at tax time

More year end tax planning ideas here.

Posted in 1040 Personal Income Taxes, 1065 Partnership Income Taxes, 1120 C Corporation Income Taxes, 1120 S Corporation Taxes, Michigan Taxes, Personal Finance | Comments Off on Your year-end tax to do list: what you do before the Dec. 31 deadline can save you big bucks at tax time

Year End Tax Planning

The 2013 tax year is almost over and it is the perfect time to do some end of year tax planning… before it is too late. Many tax planning decisions can only be made before December 31st. The first step … Continue reading

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Tax planning ideas for 2013 from the AICPA

It’s never too early to be thinking about tax planning for 2013… in fact, the sooner the better. Here’s a link to the AICPA’s 2013 tax planning guide.

Posted in 1040 Personal Income Taxes, 1065 Partnership Income Taxes, 1120 C Corporation Income Taxes, 1120 S Corporation Taxes, IRS, Personal Finance, Small Business | Comments Off on Tax planning ideas for 2013 from the AICPA

Will I go to jail for not paying my taxes?

… and other frequently asked questions from the IRS. Why Should I File My Tax Return as Soon as Possible? There are two advantages to filing as soon as possible: Generally, if a taxpayer is due a refund for withholding … Continue reading

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Tax Tips? There’s an App for that

From the USA Today. Tax time is a chore for many Americans, particularly those who try to save a few bucks and file the paperwork on their own without any help. But thankfully there are a host of affordable products … Continue reading

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