by Tax News | Jan 21, 2025 | Tax Tips and News
The IRS has announced a one-day extension for taxpayers with federal tax deadlines originally set for Thursday, January 9, 2025. The new deadline is Friday, January 10, 2025. This extension comes in response to a Presidential Proclamation issued on December 29,...
by Tax News | Jan 21, 2025 | Tax Tips and News
If you underpaid taxes in 2024, consider making a fourth-quarter estimated tax payment by Jan. 15, 2025, to avoid penalties. The U.S. tax system requires payments throughout the year via paycheck withholdings or quarterly estimated payments. Missing a quarterly...
by Tax News | Aug 2, 2024 | Tax Tips and News
Preparing to file your federal tax return? Review some common mistakes people make and how you can avoid them this tax season. Making a mistake on your tax return can slow down its processing and even delay your refund. If the IRS spots any errors, they may reject...
by Tax News | Jul 5, 2024 | Tax Tips and News
If you’ve been losing sleep over the possibility of a tax audit, put your mind at ease. Here are five reasons why you might want to stop worrying about it. A Tax Audit is Not Always Trouble An audit doesn’t automatically mean you’re in trouble. Sometimes, it’s just a...
by Tax News | Jun 27, 2024 | Tax Tips and News
Now is the time to perform a mid-year review of your business activities. Staying on top of these five steps will benefit you throughout the year while saving time, money, and making tax time a breeze. * Lower taxable income with these deductions After...
