As some of you may know, while others may have the April 15th date written in Sharpie in your mind, tomorrow, April 17th, is the day personal tax returns are due for most Americans. If you have not filed and need to file an extension ...
Yes that's right - September 17th (15th is on a Saturday) is the final day to get your 2017 return for these entity types timely submitted to the IRS (assuming you filed an extension for extra time back in March / April). Penalties for late filing these returns start to accrue the following day at $195/month/shareholder.
Effective with 2016 filings (last year) taxpayers classified as S-Corporations, Limited Liability Companies with more than 1 member, and Partnerships are all required to file their tax return (or an extension) by 3/15. If this is you read on ...
I blogged last year about the new effective filing dates beginning with tax year 2016 for C-Corps and Partnerships - here is a reminder for returns due in early 2018 ...
The IRS publishes many videos to provide information or assistance to taxpayers on a variety of tax topics.
Here is one about W-3s, W-2s, 1096s, and 1099s, which are due January 31, 2018 ...
This new tax reform results in lots of changes in the tax world. Check out my blog entries starting on January 12th to read all about the provisions of this sweeping legislation.
What is an Estate and what happens to how it is taxed under the new tax legislation ...
The IRS reminds taxpayers who want to file a 2016 tax return electronically to do so by Saturday, Nov. 18, 2017. This includes taxpayers in disaster areas. Taxpayers will still be able to file paper tax returns after that date.
Bonus depreciation programs have been in place commonly in recent years. Some assets purchased in 2016 and 2017 will qualify for this additional write-off...
Qualified Leasehold, restaurant buildings and improvements, retail improvements …
National Small Business Week for 2017 is April 30 through May 6. During this time, the Internal Revenue Service will promote many online products to help small business owners and those who are self-employed understand their tax responsibilities.
Here are just a few among dozens of useful IRS products in the spotlight for this year’s National Small Business Week:
Taxpayers who use their home for business may be able to deduct expenses for the business use of it. Qualified persons can claim the deduction whether they rent or own their home. Use the simplified method or the regular method to claim a deduction.
Here are six tips to keep in mind about the home office deduction:
This year Tuesday, April 18th is tax day. THAT'S TODAY!! If you haven't filed yet don't freak out! LCI Taxes can help ...
Don't get surprised with a penalty because you thought your Partnership tax return was due on 4/15 because it always has been!! Things have changed this year ...
Section 179 expensing limitation increases made permanent. If you own a business this can be a HUGE tax advantage.
For years it has been common knowledge that Form 1096 (this is the submission of Form 1099s to the IRS) is supposed to be done each year by the end of January. The IRS has recently applied a little more pressure to companies issuing these "information returns" as penalties for sending them out late have increased again ...
The article below has to do with organizations who have had their request to be tax-exempt denied. This may not be the end of the story ...
You may be eligible for a tax credit if your new employee(s) meet certain guidelines...
The IRS publishes many videos to provide information or assistance to taxpayers on a variety of tax topics.
Here is one about W-3s, W-2s, 1096s, and 1099s, which are due January 31, 2018 ...
The IRS reminds taxpayers who want to file a 2016 tax return electronically to do so by Saturday, Nov. 18, 2017. This includes taxpayers in disaster areas. Taxpayers will still be able to file paper tax returns after that date.
For years it has been common knowledge that Form 1096 (this is the submission of Form 1099s to the IRS) is supposed to be done each year by the end of January. The IRS has recently applied a little more pressure to companies issuing these "information returns" as penalties for sending them out late have increased again ...