Category Archives: General

Owe taxes to the IRS?

April 5, 2023

If you owe taxes to the IRS and you are unable to pay, it can be a stressful and overwhelming situation. However, it’s important to understand that there are options available to you. File Your Tax Return on Time First and foremost, it’s important to file your tax return on time, even if you can’t […]

Categories: General

Need more time to prepare your federal tax return? Complete and mail a federal form 4868, Application for Automatic Extension of Time To File U.S. Individual Income Tax Return (downloads as a PDF). Please be aware that: An extension of time to file your return does not grant you any extension of time to pay your taxes. You […]

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Reasons for Refund Delays

February 5, 2020

Some tax refunds take longer than expected. The IRS may delay refunds for several reasons, including the following: • Errors in Direct Deposit information (refunds then sent by check); • Financial institution refusals of Direct Deposits (refunds then sent by check) or delays in crediting the Direct Deposit to the taxpayer’s account; • Claims of […]

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Estimated Taxes

February 17, 2019

You may be required to make estimated tax payments in certain circumstances, such as not having taxes withheld from your wages or paying too little each paycheck. Self-employed people generally pay taxes through estimated payments at the same time. If you are confused about the process of making estimated tax payments, these four tips can […]

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Record Retention

December 24, 2018

Your taxes have been deposited. Your repayment was deposited. You’re planning deductions and expenses for another year. So what should you do with the tax documents for this year? You may need to use the tax documents of your previous year as a reference or as evidence if you are audited. You should save your […]

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Estimated Taxes

December 22, 2018

Under certain circumstances, you may be required to make estimated tax payments, such as not having taxes withheld from your wages or paying too little each paycheck for your taxes. At the same time, self – employed people usually pay taxes by estimates. Four facts concerning the payment of estimated taxes These four tips can […]

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Selling your Home

December 18, 2018

Since the real estate market is beginning to show a positive trend, it is a good time to review the tax requirements for selling a home and any related tax breaks. If you sell your primary home (the one you lived in full time), it is likely that the sale will be tax – free. […]

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Tax mistakes are more common than you think, and despite people worrying about making mistakes, they do happen. If you make a mistake when filing, it may take longer for the IRS to process your return but it’s not the end of the world. If you opt for e-filing, you decrease your chances of making […]

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It’s halfway through the year, and there’s no time like the present to start thinking about next year’s taxes. With six months left to accumulate and organize your tax documents, starting to prepare early will only alleviate stress and aggravation when tax season arrives. The following five tips can help you make filing your taxes […]

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Self-employed taxpayers are those who freelance, own their own business, or work on contract. Self-employed individuals have certain tax requirements that they must meet. If you are self-employed, you should be aware of these requirements when you file your federal income tax return. The IRS offers six different pieces of advice about how to correctly […]

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