The Internal Revenue Service will delay the start of the 2014 filing season for about one to two weeks, thanks to the 16-day federal government closure. This is the second year for a delay, and a final decision on timing Continue reading Government shut down ripples down to your taxes
Paying your taxes in full and on time avoids unnecessary penalties and interest. But if you can’t pay the full amount, here’s an option: You can request a payment agreement. If you owe $50,000 or less in individual income taxes Continue reading Set up your IRS payment agreement online
While most nonprofits realize they need to hold board meetings and keep documentation, did you know corporations are also legally required to elect a board of directors and hold an annual (or regular) board meeting to conduct business? Legally, corporations Continue reading Corporate board minutes required – no matter what size your company is
Year’s end can be awash in a flood of activity, but making some time for good year-end planning can ease the tax drain on your business’ bottom line. Here are five steps you need to take before December 31. Get Continue reading Tax planning now can save at your bottom line
If you’ve already filed your tax return, but need to make an adjustment, you can file an amended tax return called, Form 1040-X. Keep the following tips in mind: Identify the year of the return you’re amending at the top Continue reading Did you miss a credit or deduction? Do you need to correct something on your tax return?