Just the other day, I had a client ask me about records retention. And, as I prepared to answer her query, I realized that a lot of you probably have the same questions. So….
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How long?
Tag Archives: 1040
What Happens When the IRS Runs Out Of Money…
Given the current state of politics in America, the IRS is being underfunded. No, I am not just talking about the fact that there is a desire to have the government spend less money- but spending less money for an agency that is responsible for collecting the government’s money doesn’t really make sense in the first place.
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A FIVE letter word. (OK, maybe 3 for some…)
They’re ba-ack… Not the poltergeists, although many of you may consider them part of the genre…No, it’s the required annual tax filings…
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Post-apocalypse?
Whew. You’re done. You managed to file your income taxes yesterday. (Some of you remember- long ago, when we stopped spending money to build America- that the Post Office stayed open until midnight [or 2AM] to yield that coveted 15 April postmark. No more…) And, now you won’t worry about taxes for the next 11 months.
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T-40 and counting
Are you planning to file your taxes yourself? If you are single, an employee, and don’t own a home- then I agree, that’s a great thing to do. Once any of these attributes change, then there a great deal of options available to you that will let you save money. And, that’s where talented folks like our staff actually save you more money than you would pay us to determine the lowest taxes you ar legally required to pay.
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Tax Time!
It’s tax time. No, really.
Corporations have to file by the ides of March. And, those entities that need to provide K-1’s to their stockholders (S entities, LLC’s operating as S) incur substantial penalties for late filing. About $ 100 per K-1 per month. (Yes, it can amount to thousands of dollars for those entities with numerous stockholders.)
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