As the April deadline approaches, many people find themselves in the familiar scramble to file their taxes. If you're reading this, you're likely in search of guidance to navigate this crunch time efficiently. Fret not, for even at the eleventh hour, there are strategies to not only file your taxes accurately but also maximize your returns. Here's a concise guide... read more »
There are benefits to filing for a tax extension, and there is no cost or penalty for doing so. An extension allows you to have up to six additional months to finish your tax return filing. But those aren't the only benefits! Filing a Tax Extension Benefits Are you a business partnership with complicated tax returns? Filing for an extension... read more »
If you filed an IRS Form 4868 for a tax extension deadline due on October 15th of this year, be aware it is coming up fast, and you will need to pay on time if you want to keep from getting hit with extra fees and penalties. While the taxes were still due on the extended due date of May... read more »
July is already here, and so is the highly anticipated IRS advance on child tax credits that you normally get after filing your tax return. Keep an eye out for a letter from the Internal Revenue Service (IRS). It will be good news for you if you qualify for the new child tax credit payments, allowing you to receive these... read more »
Did you know that the Treasury Department and Internal Revenue Service extended the federal income tax filing due date for people filing for the 2020 tax year from April 15, 2021, to May 17, 2021? That's because the IRS wants to help you file your taxes while you are figuring out the pandemic uncertainties. Just remember that filing electronically using... read more »
One of the most crucial aspects of a business that is often overlooked is bookkeeping. The reason most people do not place a heavy emphasis on their bookkeeping is due to the amount of time required to fulfill all the responsibilities required of it. Countless hours will be spent reviewing numbers and going over statements that otherwise could be... read more »
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