Category Archives: Personal Taxes

IRS Warns of New Phone Scam Involving Bogus Certified Letters; Reminds People to Remain Vigilant Against Scams, Schemes this Summer

The following article was published by the IRS. The Internal Revenue Service today warned people to beware of a new scam linked to the Electronic Federal Tax Payment System (EFTPS), where fraudsters call to demand an immediate tax payment through … Continue reading

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IRS Continues to Expand Taxpayer Services; Adds New Features to Taxpayers Online Account

The following article was published by the IRS. The Internal Revenue Service announced today the addition of several new features to the online account tool first introduced late last year as part of the IRS’s commitment to improve and expand … Continue reading

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Hobby or Business? IRS Offers Tips to Decide

The following article was published by the IRS. Millions of people enjoy hobbies that are also a source of income. From catering to cupcake baking, crafting homemade jewelry to glass blowing — no matter what a person’s passion, the Internal … Continue reading

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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

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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

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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

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