Tax Extension Deadline Is Oct. 15: Three Last-Minute Reminders
Autumn is upon us, and if you chose to file a tax extension this year, October 15 is your target date…your zero hour…your deadline. Your six-month grace period is coming to an end. If it feels as though the past few months have flown by, don’t fret, there is still time to submit your tax...Continue reading→
10 Habits of Highly Successful Small Business Owners
What differentiates those that fail from those that become raging successes? The unfortunate reality is that a lot of businesses fail. What differentiates those that fail from those that become raging successes? Certain traits and habits help business owners beat the odds and build highly successful companies. Here’s a look at the top 10: They dream...Continue reading→
Tax Benefits of Roth IRA?
What is a Roth IRA? A Roth IRA is a type of individual retirement savings account — similar to traditional IRAs and 401(k) plans. Like other retirement savings plans, investment income earned is not taxed, and there are penalties for taking money out early from the plan. What is distinctive about Roth IRA accounts is...Continue reading→
IRS Identifies Five Easy Ways to Spot Suspicious Calls
Did You Know? The IRS reminds people that they can know pretty easily when a supposed IRS caller is a fake. Here are five things the scammers often do but the IRS will not do. Any one of these five things is a tell-tale sign of a scam. The IRS will never: Call to demand...Continue reading→
Six Reasons to Hire Your Kid
It is summertime and the kids are out of school so it is a good time to hire them to work for you. The benefits are enormous. Here are six. Your child can develop a work ethic You can teach your child, from a relatively young age, the importance of having a job, having a boss and...Continue reading→
SIX PAYMENT OPTIONS WHEN YOU OWE THE IRS
Do You Owe the IRS and Cannot Pay in Full What are options available if you have a balance due on your tax return, and you do not have enough money to pay in full? Pay as much as you can by the Filing (April 15th) deadline. Even if you cannot pay the IRS in...Continue reading→
Four Traits of Great Leaders
Workplace culture is constantly evolving to meet the needs of new generations of workers as well as new economic demands. In today’s fast-paced, competitive, and mobile world, leaders have more opportunities and greater necessity than ever to engage their workforce. It is now said that leaders have to adapt their leadership style in order to...Continue reading→
Why File an Amendment to Your Tax Return?
You should file an amended tax return if you need to correct any piece of information that will change your tax refund or the amount you owed. You can use an amended return to make corrections to your filing status, dependents, income, deductions, or tax credits. For example, if you need to report additional income...Continue reading→
Why File a Tax Extension
An extension is your way of asking the Internal Revenue Service for additional time to file your tax return. The IRS will automatically grant you an additional six months to file your return. An extension basically extends the filing deadline for personal tax returns from April 18th to October 17th. Businesses can also request an extension,...Continue reading→
Is Head of Household Status Possible for Two People at the Same Address?
Can two people, who both live at the same address, each qualify for the head of household filing status (HOH)? This seemingly simple question has a very complex answer. In order to answer the question, it’s important to keep in mind the criteria to be eligible for head of household status: The taxpayer must be unmarried, The...Continue reading→