Congress retroactively repealed the 2017 Tax Act that imposed income taxes on unrelated business income tax on non-profits that provided employees with qualifying transportation benefits....
Posted by Income Taxes and Bookkeeping LLC on 11/18/2020
In December 2017, major tax reform was launched, which concerns individuals and businesses. It is commonly known as the Tax Reduction and Employment Act, TCJA, or Tax Reform. Most...
Posted by CORE PERFORMANCE on 11/06/2020
The coronavirus has affected all aspects of our lives, including our tax obligations. In addition to extending the 2019 annual fee filing deadline, the estimated quarterly fees'...
Posted by UNIVERSAL ACCOUNTING & FINANCIAL SERVICES INC. on 09/15/2020
For many small businesses, their economic power comes from their contributions in terms of taxes and hiring of local employees. But paying a tax liability in one lump sum can be difficult...
Posted by TAX PROBLEM RESOLUTIONS INC on 07/30/2016
When you are filing your tax return, you may find yourself owing the IRS a significant sum. To avoid this for those who are self-employed or who may have an additional part-time job,...
Posted by Thomas P. Levins, Jr. Tax & Business Services on 03/27/2016
It can be difficult enough to pay a tax debt, but once penalties are added, the cost can be even higher. However, the IRS provides an option to avoid the additional debt of penalties....
Posted by Brian Walsh EA on 03/19/2016
Tax time can mean having a large bill, but also potential penalties. To avoid these, it requires determining when this extra income will come in and making tax payments to cover it.For...
Posted by MVW Services on 02/19/2016
Tax time is not something that most people look forward to, unless of course you are expecting a large refund. Tax time is probably one of the most stressful times for many and then...
Posted by Financial Balance LLC on 11/30/2015
