Category Archives: Tax Tips

Startups Can Choose New Option for Claiming Research Credit

The following article was published by the IRS. Eligible small business startups can now choose to apply part or all of their research credit against their payroll tax liability, instead of their income tax liability, according to the Internal Revenue … Continue reading

Posted in IRS, Planning Strategies, Self-Employed, Tax Tips, U.S. Small Business Administration | Tagged , , ,

Tips for Taxpayers Who Owe Taxes

The following article was published by the IRS. The IRS offers a variety of payment options where taxpayers can pay immediately or arrange to pay in installments. Those who receive a bill from the IRS should not ignore it. A … Continue reading

Posted in Credit, IRS, Personal Finance, Personal Taxes, Planning Strategies, Self-Employed, Tax Tips | Tagged , , , ,

IRS Offers Tips to Taxpayers Preparing for Hurricanes, Floods and Other Natural Disasters

The following article was published by the IRS. With Hurricane Preparedness Week, May 7 to 13, now in progress and the start of the Atlantic hurricane season looming on June 1, the Internal Revenue Service today offered advice to taxpayers … Continue reading

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Tax Tips to Consider for Cash Intensive Small Businesses in the Sharing Economy

The following article was published by the IRS. Small business owners that offer goods and services through an online platform may be part of the sharing economy. Some participate part time while others operate full time. Activities such as ride … Continue reading

Posted in Accounting, Bookkeeping, EFTPS, Personal Taxes, Planning Strategies, Self-Employed, Tax Tips | Tagged , , , ,

Important Facts about Filing Late and Paying Penalties

The following article was published by the IRS. April 18 was this year’s deadline for most people to file their federal tax return and pay any tax they owe. If taxpayers are due a refund, there is no penalty if … Continue reading

Posted in Government, IRS, Personal Taxes, Planning Strategies, Self-Employed, Tax Relief, Tax Tips | Tagged , , , ,

IRS Provides Tips on Determining If It’s Really The IRS At Your Door

The following article was published by the IRS. The Internal Revenue Service has created a special new page on IRS.gov to help taxpayers determine if a person visiting their home or place of business claiming to be from the IRS … Continue reading

Posted in Fraud, Government, IRS, Personal Finance, Personal Taxes, Planning Strategies, Tax Tips | Tagged , , , , ,

Getting Married?

Marriage is considered a major life-changing event, but it also changes how you file your taxes. If you are married by December 31st in any given year, that is your marital status for the entire year, according to the IRS. This … Continue reading

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