While one can avoid many things in life, tax payment is not one of them. Millions of Americans owe Uncle Sam their taxes, while others are slammed with penalties every year. However,...
Posted by Income Taxes and Bookkeeping LLC on 09/10/2021
Uncle Sam will not come against you with its host if you file your tax after the tax day. However, you can reduce your penalty by getting it right and avoiding errors, especially when...
Posted by Tiffany Gaskin on 08/06/2021
When you buy personal effects for your business, such as a car or a computer, that last more than a year, you should gradually deduct the cost over several years. This process is called...
After Hurricane Katrina, it became quite common for Congress to enact tax legislation that provides tax relief for victims of natural disasters. The Internal Revenue Code's (IRC)...
Posted by Jim McClaflin, EA, NTPI Fellow on 05/19/2021
The COVID-19 pandemic is complicating several people's efforts to file their 2020 taxes ahead of schedule, but the good news is that the Internal Revenue Service (IRS) has been...
Posted by Elliot Kravitz, ATP on 05/06/2021
While filing income tax can be difficult for expats, we have good news. Extensions are available for your foreign tax return, and some are even automated! As an American, you're...
Posted by Dennis Jao on 04/17/2021
April 15 is normally U.S. Tax Day, which is when personal income tax returns are due with the IRS unless that day is a weekend or statutory holiday. When this is the case, the due...
Posted by CORE PERFORMANCE on 12/19/2020
A couple of months back, the IRS announced an extension for the tax deadline. Hence, all taxpayers have till July 15, 2020, to file and pay their tax, as opposed to the April 15 original...
Posted by The TaxAdvocate Group, LLC on 05/17/2020
If you need extra time for tax filing preparation, the Internal Revenue Service will allow a for a six-month file extension. As long as you complete the proper form on time, the IRS...
Posted by Unifirst Financial & Tax Consultants on 05/20/2019
