Preparing for a Disaster

Preparing for a Disaster www.irs.gov Planning what to do in case of a disaster is an important part of being prepared. The Internal Revenue Service encourages taxpayers to safeguard their records. Some simple steps can help taxpayers and businesses protect financial...

IRS Releases the Dirty Dozen Tax Scams for 2012

IRS Releases the Dirty Dozen Tax Scams for 2012 www.irs.gov WASHINGTON –– The Internal Revenue Service today issued its annual “Dirty Dozen” ranking of tax scams, reminding taxpayers to use caution during tax season to protect themselves against a wide range of...

Avoid FTD Penalties by Going Electronic

Avoid FTG Penalties by Going Electronic www.irs.gov To avoid returned payments and potential penalties, consider using EFTPS, the Electronic Federal Tax Payment System. It is a tax payment system providedfreeby the U.S. Department of Treasury. Pay federal taxes...

Last Minute Tax Tips for Small Businesses

Last Minute Tax Tips for Small Businesses by Frank X. Laborde, CPA, the president of Laborde & Associates In the holiday rush and excitement it is often hard to think of taxes, but a quick look at these year-end tax tips for small business can pay big dividends....

Interest to Remain the Same for First Quarter in 2012

Interest to Remain the Same for First Quarter in 2012 Source:www.irs.gov The Internal Revenue Service announced that interest rates will remain the same for the calendar quarter beginning Jan. 1, 2012. The rates will be: three (3) percent for overpayments [two (2)...