Posts Tagged ‘Tax Preparation’
IRS Announces Jan. 27 Start to 2025 Tax Filing Season
The 2025 tax filing season starts on Monday, Jan. 27, 2025 for Form 1040 filers, and will feature expanded and enhanced tools to help taxpayers as a result of the agency’s historic modernization efforts. These improvements include: Expanding Direct File to 25 states. More in-person help. High levels of service on main taxpayer phone lines.…
Read MoreWhen You’re Self-Employed, “Self” is Responsible for All Tax Preparation
When you work for someone else, you only have to think about employment taxes about once a year when tax season rolls around. However, those who are self-employed have the responsibility of keeping up with their income on their own and reporting estimated taxes. The IRS defines “self-employed” as someone who makes $400 or more…
Read More6 Steps to Take This Fall to Reduce Your Tax Bill in 2017
The weather is gradually cooling down, and the leaves are starting to change color if you’re a northerner. Football action has kicked off. Can you finally feel fall in the air? While we’re still a few months out from the calendar turning to 2017, tax season will be here before you can say “IRS.” With…
Read More5 Things to Do Now That Tax Season is Over
The 2016 tax season has finally come to a conclusion. While you may be done with your federal income tax duties for this year, there are several items you should add to your to-do list so that you can take advantage of this time before next year’s tax season arrives. 1. File your tax return(s)…
Read More2016 Tax Guide Part 1: Personal & Business Tax Returns
Whether you’re an individual with a full-time W-2 job, a freelancer who earns 1099 income through independent contractor work, or a small business owner, you’re likely on the hook for filing at least one federal income tax return each year. In addition to these IRS tax forms, you may be required to file state and…
Read MoreThe Ultimate Guide to IRS Tax Audits & How to Avoid an Audit
Most people cringe when they hear the word audit. Going through the ropes and ultimately resolving an audit is no fun and could be costly, so it’s important to determine a plan of action to avoid being audited in the first place. What is a Tax Audit? A tax audit takes place when the Internal Revenue…
Read MoreMark Your Calendar: New Deadlines for IRS Business Taxes
We all know April 15 has been the traditional American Tax Day for generations. Some business taxes have also commonly been due by this day. However, Congress recently announced that the IRS will change several key tax deadlines for small business owners who’ve been used to using the same tax calendars each year. These tax…
Read More8 Tax Scams to be on the Lookout for in 2015
5 Reasons to Be an Early Bird Tax Filer in 2015
7 Things You Should Do to Prepare for Tax Season
