If you have filed bankruptcy, you know that it is a tough decision, and it can be complex. However, what many people do not think about before filing bankruptcy is how it is going to affect them during tax season. Therefore, today we are covering the subject. Bankruptcy and Taxes Usually, when
Things You Need to Know About Filing Taxes in 2014
The 2014 tax season is going to be here before you know it. Therefore, today we are discussing essential things that you need to know about filing taxes in 2014. There are Different Ways to File Thanks to all of the technology advances, you no longer have to write out all of your tax information
3 Awesome Ways to Spend Your Tax Refund
When tax season comes around, taxpayers look forward to receiving their tax refunds so they can blow through the money as quickly as possible. However, this year when you receive your tax refunds consider doing something awesome. Today, we are discussing three awesome ways to spend your tax
Options for Those Who Do Not Have Money to Pay Their Taxes
If you cannot afford to pay your taxes, one of the worst things that you could do is just not file your taxes at all. When it comes to paying your taxes, the IRS is willing to work with you, especially if you have filed your taxes on time. Therefore, today we are exploring some of the options people
How Your Business Influences Your Taxes
When you set up your business entity – sole proprietorship, partnership, corporation, or Limited Liability Company - there are tax differences between each one. Today, we are discussing how each business entity influences your taxes. Sole Proprietorships This is the easiest and quickest business
How to Retire Without Being Taxed to Death
You probably are looking forward to retirement because you have a tax deferred retirement account that has been growing throughout your career. However, the bad news is it is not always going to be a tax-deferred account. Therefore, you have to come up with a plan that is not going to allow taxes to
How to Avoid Self-Employment Tax Penalties
Self-employed individuals have to make quarterly estimated tax payments. However, many self-employed individuals are penalized for underpayment because their income varies. Today, we are discussing how to avoid self-employment tax penalties. Make Payment Based on Prior Year Earnings It is possible
This Summer’s CPE Webinars, Small Business Webcast and the IRS’s Tumblr!
We hope you enjoyed your weekend and you're looking forward to a great work week despite all the great weather! For your downtime, we present this week's blog post! It's chock full of great links and news to keep you up to date on all kinds of stuff! Exhibit A: Did you know the IRS has a tumblr? Who