Top Tips to Beat Financial Fraud and Stay Protected
Financial fraud refers to any deceptive process designed to obtain assets or money through dishonest means. This type of fraud can take many forms (i.e., phishing emails, identity theft, credit / debit card fraud, tax return fraud) and the losses can span from several hundred to several million dollars. Financial fraud is a serious […]
How To File an Extension on Your Tax Return?
When you file a tax extension, you are essentially asking the Internal Revenue Service (IRS) for more time to submit your tax return. However, it is important to keep in mind that a tax extension does not extend the deadline for paying any taxes owed. After filing a tax extension, there are a few things […]
What You Need to Know About This Year’s Tax Season
This year’s tax filing deadline is just around the corner, and the IRS wants you to be aware of some changes that are specific to this year. The filing deadline has been bumped to April 18 Although April 15 has been the historic filing deadline, this year’s deadline has been bumped to April 18 for […]
What you need to know about extended tax returns
What you need to know about extended tax returns Most people don’t know that the tax filing deadline isn’t set in stone. If you’re unable to file by April 18, you can apply for an extension. What you do need to keep in mind is that if you think that you’ll owe money to the […]
When should I start prepping for my tax appointment?
Tax season is fast approaching—and it’s never too early to start prepping for your tax appointment. Ideally, you would have started preparing for your 2021 tax appointment at the start of that tax year. When you begin to organize your finances sooner than later, it will make filing that year’s taxes much easier. Consider […]
Key Documents to Bring to Your Tax Appointment
Tax season is coming up fast—and if you plan on working with a Certified Public Accountant, you’ll want to start preparing now. Below are just a few of the things you’ll need to bring to your appointment. Personal information When you meet with your tax professional, you’ll need to have a Photo ID, social security […]
When should I start planning for my 2021 taxes?
The 2021 tax filing season might still be months away, but that’s not to say you shouldn’t start prepping now. From saving receipts, maximizing your retirement account contributions, and if you’re self-employed or working as an independent contractor—remembering to pay your quarterly taxes- there are lots of things you should be doing much sooner than […]
Can I amend my own tax return?
If you’ve learned that one or more of your prior tax returns contains errors, you’ll likely need to file an amended tax return. An amended tax return is something you’ll file with the IRS, and once filed, the amended return will fix prior errors. If you (or your accountant) make another mistake on your amended […]
What is an amended tax return?
Filing a tax return can be tricky, especially if you’re trying to prepare the form yourself. Filing your own taxes can be especially difficult if you’re a small business owner, you’re claiming lots of deductions, or you’re trying to account for certain carryover deductions, such as losses, charitable contributions, or various types of tax credits. […]
How to Plan for Next Year’s Taxes
Tax filing season may still be months away, but that’s not to say you shouldn’t start prepping now. Below are just a few of the steps you can take to ensure you’re ready. Make sure your withholdings are correct The IRS recommends taxpayers use their online Tax Withholding Estimator to help determine whether the correct […]