deadline is fast approaching
Individuals. Your deadline to file is October 15.
Business Owners. Your deadline to file is September 15.
Business Owners. Your deadline to file is September 15.
deadline is fast approachingIndividuals. Your deadline to file is October 15.
Business Owners. Your deadline to file is September 15.
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Don't be afraid to face your IRS debt head-on. With the new laws adopted by the IRS, taxpayers making offers to settle their debt for less than they owe are being accepted at a higher rate than in past years.
As described in a recent article by the Internal Revenue Service, an offer in compromise allows you to settle your tax debt for less than the full amount you owe. It may be a legitimate option if you can't pay your full tax liability, or doing so creates a financial hardship. We consider your unique set of facts and circumstances:
Ready to move on to sunny days without a cloud in the sky? A qualified tax preparer can assist you in determining your eligibility, help you file your offer, talk with you about payment options and will be with you through the acceptance or denial phase. If this post describes your situation, feel free to contact us for assistance. Thinking of starting your own business? Or already have? Here is one important thing to check off your To Do list.
Write a Business Plan. Here's why... If your company experiences a loss in revenue you may find that you are limited on the deductions you can claim due to the hobby loss rule. That's right, all your hard work and efforts to start your business can be viewed as a leisurely activity...unless you have a business plan that carefully and thoroughly documents your company's plan to increase profitability in the next 3-5 years. Do you have a documented Marketing Plan? Market Analysis? Mission Statement? Financial Projections? These are just a few things your Business Plan should include. For more information, visit: http://www.irs.gov/file_source/pub/irs-pdf/p535.pdf or contact us for assistance in writing your Business Plan. The IRS recently published a warning for all taxpayers, please read!
Alert of New Email Phishing Scam: "Update your IRS e-file" The IRS has been alerted to a new email phishing scam. The emails appear to be from the IRS and include a link to a bogus web site intended to mirror the official IRS web site. These emails contain the direction “you are to update your IRS e-file immediately.” The emails mention USA.gov and IRSgov, though notably, not IRS.gov (IRS-dot-gov). Don’t get scammed. These emails are not coming from the IRS. Taxpayers who get these messages should not respond to the email or click on the links. Instead, they should forward the scam emails to the IRS at [email protected]. For more information, visit the IRS's Report Phishing web page. The IRS does not initiate contact with taxpayers by email, texting or any social media. |