If you are self-employed or have other third-quarter income that requires you to pay quarterly estimated taxes, make sure your third quarter payment is postmarked by Sept. 16, 2014. What are the filing dates for federal quarterly estimated tax payments?
Category: Business
Five Tips for New Business Owners
One key to success in starting a new business is to know about your federal tax obligations such as income taxes and payroll taxes. Below are five basic tax tips that can help get your business off to a good
2nd Quarter 2014 Estimated Taxes Due June 16
Tips on Making Estimated Tax Payments If you don’t have taxes withheld from your pay, or you don’t have enough tax withheld, then you may need to make estimated tax payments. If you’re self-employed you normally have to pay your
2014 Small Business Week
Do you own or run a business? If so, do you know the IRS offers special tax help just for you? For example, the IRS will host two free live webinars to mark National Small Business Week, May 12 –
May 15th Filing Deadline for Exempt Organizations
The IRS has a few important reminders as the May 15 filing deadline for many tax-exempt organizations fast approaches. Make sure you file Form 990 if you are required to file. Filing the form is very important for many groups
Tax Recordkeeping Tips
Resources Recordkeeping for Tax Purposes Guide (pdf) Small Business Recordkeeping Publication 583, Starting a Business and Keeping Records Basic records are documents that everybody should keep. Although the Internal Revenue Service (IRS) doesn’t require you to keep your records in
Small Business and Self-Employed Tax Center
Do you feel overwhelmed sometimes by all the tax information needed to run your business? Well, you don’t have to be an expert. The IRS has the Small Business and Self-Employed Tax Center to help business owners know the basics
14 Common IRS Audit Triggers
The Internal Revenue Service audited .96 percent of individual tax returns in fiscal year 2013, declining for the second straight year. Even though there was a decline, the IRS increased the revenue it collected from tax enforcement by 6.3%. Ever
Business Tax Filing Season Begins January 13
The IRS will begin accepting 2013 business tax returns on Monday, January 13, 2014. This start date applies to both electronically-filed and paper-filed returns. Business returns include any return that posts on the IRS Business Master File (BMF). BMF returns include a variety of income tax and
2014 Tax Season to Open January 31
The Internal Revenue Service announced plans to open the 2014 filing season on January 31 for all 1040 filers filing their 2013 income tax return. This includes all small business owners that file on Schedule C as sole proprietors, Schedule F as Farmers, or Schedule