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 →
If you don’t file 1099s for your contractors, you lose protections from the federal government. (Photo: USA TODAY illustration) STORY HIGHLIGHTS IRS is vigilant on misuse of contractor status Businesses incur no tax obligations for independent contractors But you have … Continue reading →
The IRS announced on Tuesday that it plans to open the 2013 filing season and begin processing many individual income tax returns on Jan. 30 (IR-2013-2). However, not all taxpayers will be able to start filing tax returns on that … Continue reading →
Closing Your Books As you are cleaning up your accounting records for year-end, here are some steps you can take now to make tax-time easier: Verify that you have W-9 forms for each of your independent contractors or at least … Continue reading →
Although September is not even over, it is a good time to start thinking about year end tax planning. I know it does not sound like fun, but a little advance planning will almost always help you reduce the taxes you … Continue reading →
For other tax filing due dates this month, see this calendar.
IRS tax filing due date calendar.
Taxpayers will have until Tuesday, April 17, to file their 2011 tax returns and pay any tax due because April 15 falls on a Sunday, and Emancipation Day, a holiday observed in the District of Columbia, falls this year on … Continue reading →
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.
2012 Tax Filing Deadline Moved to 4/17/12 from CNN Money