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
Category: Tax Filing
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
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:
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
6 Tax Filing Mistakes Small Business Owners Make
Filing small business taxes is an important process for every business, although it’s enjoyable to very few. In fact, some flat-out dread it. The problem is that some business owners think of taxes only in the weeks leading up to the
Filing an Extension for Business Taxes
March 15th is the deadline to file taxes for Corporations and S-Corporations and April 15th is the deadline for Partnerships, LLCs, and Sole Proprietorships. If you don’t think you can get your business taxes done by the deadline, you will
IRS “Dirty Dozen” Tax Scams for 2015
2015 Dirty Dozen WASHINGTON — The Internal Revenue Service wrapped up the 2015 “Dirty Dozen” list of tax scams with a warning to taxpayers about aggressive telephone scams continuing coast-to-coast during the early weeks of this year’s filing season. The