by Admin | Apr 27, 2023 | Individual Taxes
Even after making every effort to file a complete and accurate tax return, mistakes can happen. When a taxpayer realizes that the tax return they filed has a math error, missing income or other mistake, they may wonder if they need to correct it by filing an amended...
by Admin | Apr 26, 2023 | Individual Taxes, Tax Planning
Taxpayers who missed the recent April filing and payment deadline should know their obligations and the possible consequences if they don’t file or have an overdue tax bill. Taxpayers who owe taxTax owed and not paid by April 18, 2023, is subject to penalties and...
by Admin | Apr 26, 2023 | Individual Taxes
After someone with a filing requirement passes away, their surviving spouse or representative should file the deceased person’s final tax return. On the final tax return, the surviving spouse or representative should note that the person has died. The IRS...
by Admin | Apr 25, 2023 | Individual Taxes
If you’ve been following the news recently, you’re no doubt familiar with the talk about the Internet Revenue Service hiring new agents during a time when they’ve been critically understaffed for years. Indeed, the IRS is expected to receive...
by Admin | Apr 20, 2023 | Individual Taxes
Generally, individuals are required to file a tax return for a year if their income exceeds the standard deduction for their filing status for that year. But even if they are not required to file it may be beneficial to do so. They could be missing out on huge...
by Admin | Apr 18, 2023 | Individual Taxes, Tax Planning
Under federal law, taxpayers must pay taxes during the year as they earn or receive income, or they can find themselves falling victim to substantial underpayment penalties. Even worse, they may have spent the money, and when tax time comes are unable to pay their...
