How to Request a Tax Extension What do you do if you are unable to file your federal tax returns by the April deadline? When you find yourself in this situation, a tax filing extension is usually the best solution to avoid being charged with late payment fees and...
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Changes to the tax law for 2016 As you get ready to file your taxes, there are some changes to the laws you should know about. 1) Health Insurance Under the Affordable Care Act if you do not have health insurance you will pay additional tax. You have to...
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It’s not unusual to make errors with paperwork, but when it comes to tax filing, the smallest detail can cost you large sums of money. Being accurate literally pays off in this scenario and should be a priority. Make sure you avoid the following costly mistakes this tax season!...
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File Your Taxes Early Tax Season has just begun. That means, you still have plenty of time to organize everything you need if you still haven’t, and look for opportunities to lower your tax bill and get refunds. But does that also mean you have to procrastinate? We strongly...
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2016 is just a few days away; you might be excited to travel abroad, or have already made plans, but with a new law signed by President Barack Obama, your travel plans might be compromised. According to a new law, taxpayers who owe more than $50,000 may have their...
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With the help of a good tax preparer for your personal or business taxes, you can probably save hundreds or thousands of dollars. But if you don’t choose your preparer wisely, your loss can be greater. Taxes and finances are critical topics. It’s always wise to carefully scrutinize your...
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Many business owners still feel the need to file their business taxes by themselves to ensure everything is correct. However, the results are often the opposite, and it backfires. In the spirit of the Halloween season, we give you the three horror tax issues that frighten business owners! Record...
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For most people, paying less tax seems impossible. Others try to hack the system and try to find illegal ways to escape the IRS. While they might be able to do so, it wouldn’t last very long at it would most probably end to more tax penalties; or worse,...
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