It's tax season! Tax return companies and DIY software vendors work hard to convince individual taxpayers that their services and products are the way to maximize tax refunds or...
Estimated tax is the method some employers use to pay income taxes. When paying income taxes, there are two methods allowed by the IRS; the withholding method or, you guessed it, the...
The Schedule K-1 can be tied to different tax returns, depending on how the business was created. The K-1 tax form varies slightly depending on whether the ownership structure is a...
Posted by Larry Hurt on 07/23/2020
Due to the coronavirus pandemic, the IRS recently announced a 90-day tax payment extension in the U.S. For most Americans, it can be confusing as to what it covers and what the extension...
One of the complicated parts of managing your business is knowing and satisfying your tax responsibilities. Unlike personal income tax returns, which are usually completed with certain...
Posted by David Macgregor on 06/15/2020
The IRS allows individuals, businesses, and properties to file an income tax return after the deadline by obtaining an extension. The correct presentation of an extension means that...
Posted by Larry Hurt on 04/20/2020
Tax filing season is in full force and many of my clients express a healthy fear of the IRS. Any agency that has the legal power to tax and take ALL of your money should be respected....
Posted by Terrance Hutchins, CLU, CFP, RICP, EA on 01/21/2020
New transcript format is now available to protect your information from any identity theft. This original transcript incompletely masks the personally identifiable information of person...
Posted by LLOYD J CAZES CPA on 07/25/2019
The U.S Postal Service has been used by millions of taxpayers when filing and paying for their taxes every year. But what if you prefer to use another delivery service to file your...
Posted by Larry Hurt on 04/17/2019