Taxes

17Apr 2017

All taxpayers should file on time, even if they can’t pay what they owe. This saves them from potentially paying a failure to file penalty. Taxes are due by the original due date of the return. Here are four tips for those who can’t pay their taxes in full by the April 18 due date: […]

15Apr 2017

Estimated tax is the method used to pay tax on income that is not subject to withholding (for example, earnings from self-employment, interest, dividends, rents, alimony, etc.). In addition, if you do not elect voluntary withholding, you should make estimated tax payments on other taxable income, such as unemployment compensation and the taxable part of […]

06Apr 2017

Taxes are due April 18th this year. Taxpayers can request an automatic six-month extension of time to file your tax return. But, taxpayers beware, there is a catch! An extension is just an extension on the time to file the return; it is not an extension on the time to pay! Taxpayers are required to […]

22Mar 2017

IRAs are designed to enable taxpayers to save for retirement and you still have time to contribute to an IRA for 2016 and, in many cases, qualify for a deduction or even a tax credit.  To count for a 2016 tax return, contributions must be made by April 18, 2017. Most taxpayers with qualifying income […]

08Mar 2017

All Partnerships and S Corporations are due Wednesday, March 15, 2017 Partnerships (and entities taxed as partnerships) filing Form 1065: Calendar year filers will be due March 15th (previously April 15th) or the 15th day of the third month following the end of the organization’s fiscal year. S Corporations (and entities taxed as S corporations) filing […]