Individual & non-corporate filers can defer federal income tax by 90 days, up to July 15,2020 The April 15th deadline to submit tax returns has not changed, unless you request an extension. If you are anything like us, we have been watching the news very carefully trying to follow along with the information regarding the April 15th, […]
1. Many disastrous returns are prepared by ill-trained preparers Many people tend shop tax preparers by price and not experience. Unfortunately for these people, the old axiom ‘you get what you pay for’ is often true. Some companies put their newly hired preparers through a six-week, evenings-only tax course, and then turn them loose to […]
April 15 is the deadline for most Americans to file their federal and state income tax returns. There’s no need to panic if you’re not ready yet. The Internal Revenue Service offers a variety of options for procrastinators, from flexible payment options to tax extensions. You won’t be alone in seeking help, either. Taxpayers submitted […]
The vast majority of penalties meted out by the IRS go unabated. Why? Most likely because people don’t know to ask for penalty relief – or they don’t think it’s worth the time or effort. Here’s why it is worth looking into. Not filing and not paying are the most common penalties With nearly 150 […]
Got hit up by some fishy tax-related scams? It must be tax season. The closer it gets to the filing deadline, the more active scammers get, from high-tech identity thieves to tried-and-true con artists. According to the IRS, these are among the 6 most common tax scams: Phishing: Con artists use unsolicited email and fake […]
Finding a tax strategy that works the best can seem as complicated as choosing a winning NCAA bracket. In fact, ESPN experts and their “bracketology” often claim that the unconventional wisdom can be the secret to success and saving your precious $5 entry fee into the office pool. But do you have a tax strategy […]
