Register now for the July 14 webinar to learn about easy low-cost ways to start a small business retirement plan. 2pm Eastern, 11am Pacific http://www.webcaster4.com/Webcast/Page/925/9046 IRS Presenters: Gavin Chafin, Supervisory Internal Revenue Agent, Office of Employee Plans Kathy Tuite, Tax
Category: Tax Tips
Tax Tips for Beauty and Barber Shops
If you own a beauty or barber shop, or are self-employed, visit IRS.gov for all your tax needs. Knowing the tax rules can help your business start, grow and succeed. For example, see IRS Publication 4902, Tips for the Cosmetology
The Truth About a Big Tax Refund
You’ve filed taxes and are getting a big tax refund. Everyone gets excited about that BIG refund. Why is this? Is this really good? Well, not really unless you are getting refundable tax credits (EIC, AOTC, Additional Child Tax Credit, etc) to get
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
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
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
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
Health Coverage Exemption Certificate Number (ECN)
For a taxpayer that did not have health insurance for 2014, he or she must either owe a penalty tax on line 61 of Form 1040, or must file Form 8965, Health Coverage Exemptions, to report to the IRS why