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Tax Day 2022 returns its original April 15th deadline. While that seems like it’s ages away, it’s a good idea to stay on top of your finances. Falling behind on tax payments (or even worse – outright dodging the taxes… Read More
Posts Tagged ‘the irs’
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A Second Look at How Tax Relief Works
If you haven’t already filed your tax return, it’s urgent that you do. The modified tax deadline was pushed back by a month, but it expires on Monday the 17th. When you owe back taxes, you might not even get… Read More
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3 Frequently-Asked Questions About How an IRS Audit Works
Being audited by the Internal Revenue Service is never a pleasant prospect. Although it’s rare, it can still happen. Doing your due diligence can help avoid this situation. That way, you’ll be able to steer clear of any harsh consequences,… Read More
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The IRS is Revising Its Tax Deadline for This Year
Great news! The IRS is once again changing its tax deadline. Much like last year, the ongoing COVID-19 pandemic disrupts life as we knew it before. The Internal Revenue Service has acted swiftly to ease the concerns of all taxpayers…. Read More
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Pointers for Avoiding Harsh IRS Penalties
For most people, the IRS is a confusing and frightening government entity. In fact, many people are unaware of how taxes and the IRS ultimately work. But, it doesn’t have to be such a big, scary beast. While the IRS… Read More
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IRS Questions: Crypto Tax And How to Report It for Your Clients
When it comes to crypto taxes, understanding the nuances associated with them becomes increasingly important. In fact, properly accounting for any crypto taxes can make a huge difference for your clients. As a result, thoroughly understanding how to properly report… Read More
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Getting Familiar With Form 1099-MISC
If you hired an independent contractor for your business in 2019, you will have to understand and complete an IRS Form 1099-MISC for each independent contractor while preparing your taxes. However, if this is your first time working with independent… Read More
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4 Small Business Tax Return Myths
The end of the year will be here soon and with it the end of the 2019 tax year. Although taxes are not due until April 2020, as a small business owner, you may be preparing your files and documents… Read More