How do Tax Extensions Work? Filing for an automatic 6 month extension to file your taxes is easy. Simply fill out Tax Form 4868, Application for Automatic Extension of Time To File U.S. Income Tax Return (pdf) by the tax
Author: TACCT
The Tax Deadline has Passed, Now What?
If You Missed the Tax Deadline These Tips Can Help April 15 has come and gone. If you didn’t file a tax return or an extension but should have, you need to take action now. Here are some tips for
2015 First Quarter Estimated Tax Payment
The April 15, 2015 deadline for 2015 First Quarter estimated tax payments is approaching. Estimated tax is the method used to pay tax on income that is not subject to withholding. This includes income from self-employment, interest, dividends, alimony, rent, gains
Interactive Tax Assistant (ITA)
The Interactive Tax Assistant (ITA) is an online resource that can answer a wide range of tax questions, including newer areas of the tax law, like the Affordable Care Act. The ITA tool takes you through a series of questions and
Tax Tips – Employee Business Expenses
Five Tips You Should Know about Employee Business Expenses If you paid for work-related expenses out of your own pocket, you may be able to deduct those costs. In most cases, you claim allowable expenses on Schedule A, Itemized Deductions. Here
Home Office Deduction
Top Six Tips about the Home Office Deduction If you use your home for business, you may be able to deduct expenses for the business use of your home. If you qualify you can claim the deduction whether you rent
Additional Medicare Tax Information
Additional Medicare Tax – What You Need to Know Some taxpayers may be liable for an Additional Medicare Tax if your income exceeds certain limits. Here are six things that you should know about this tax:
Residential Energy Efficient Property Credit
Cut Taxes and Save on Energy Bills with Home Energy Credits You can reduce your taxes and save on your energy bills with certain home improvements. Here are some key facts that you should know about home energy tax credit:
Still Time to Contribute to IRA for 2014
April 15th Deadline The Internal Revenue Service reminded taxpayers that they still have time to contribute to an IRA for 2014 and, in many cases, qualify for a deduction or even a tax credit. To count for 2014, contributions must be made
Consumer Alert: Affordable Care Act Tax Returns
Affordable Care Act Consumer Alert: Choose Your Tax Preparer Wisely The IRS urges taxpayers to choose their tax professional carefully as reports are coming in from around the country describing unscrupulous preparers who instruct their clients to make individual shared