Category Archives: IRS

Get Ready for Taxes: What to Do Before the Tax Year Ends Dec. 31

The following article was published by the IRS. As tax filing season approaches, the Internal Revenue Service reminds taxpayers there are things they should do now to get ready for filing season. For most taxpayers, Dec. 31 is the last … Continue reading

Posted in Accounting, Compliance, IRS, Personal Finance, Planning Strategies, Self-Employed, Tax Tips | Leave a comment

Helpful End-of-Year Tax Tips

Own a small business? Trying to brainstorm to make sure you remember all the details you need to pull together at year end for tax season? Here are a handful of useful tips to keep in mind over the next … Continue reading

Posted in Government, IRS, Planning Strategies, Self-Employed, Small Business Association (SBA), Tax Extensions, Tax Tips, U.S. Small Business Administration, YouTube | Tagged , , , , , , , , , , , , , | Leave a comment

Get to Know the Taxpayer Bill of Rights – Part 1

This is the first tip in a two-part summary of the rights granted to all taxpayers. Every taxpayer has rights. The Taxpayer Bill of Rights takes these rights from the tax code and groups them into 10 categories. Taxpayers interacting … Continue reading

Posted in IRS, Personal Finance, Personal Taxes, Planning Strategies, Tax Tips, Year End | Tagged , , , , | Leave a comment

Four Things to Know about Taxes and Starting a Business

The following article was published by the IRS. New business owners have tax-related things to do before launching their companies. IRS.gov has resources to help. Here are some items to consider before scheduling a ribbon-cutting event. Choose a business structure … Continue reading

Posted in Compliance, Corporate Taxes, IRS, Limited Liability Company (LLC), Planning Strategies, Tax Tips | Tagged , , , ,

Gifts to Charity: Six Facts About Written Acknowledgements

Throughout the year, many taxpayers contribute money or gifts to qualified organizations eligible to receive tax-deductible charitable contributions. Taxpayers who plan to claim a charitable deduction on their tax return must do two things: Have a bank record or written … Continue reading

Posted in Charitable Organizations, IRS, Non Profits, Personal Finance, Planning Strategies, Tax Tips | Tagged , , ,

Like Harvey, Retirement Plans Can Make Loans, Hardship Distributions to Victims of Hurricane Irma

The following article was published by the IRS. The Internal Revenue Service today announced that 401(k)s and similar employer-sponsored retirement plans can make loans and hardship distributions to victims of Hurricane Irma and members of their families. This is similar … Continue reading

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As Hurricane Irma Threatens, IRS Urges Taxpayers to Prepare for Hurricanes, Floods and Other Disasters

For September’s National Preparedness Month, the Internal Revenue Service is offering advice to taxpayers who may be affected by storms, fires, floods or other disasters. After the devastation of Hurricane Harvey and with Hurricane Irma threatening parts of the U.S. … Continue reading

Posted in In the News, IRS, Personal Taxes, Planning Strategies, Self-Employed, Tax Tips | Tagged , , , , , ,