Yes, you can fill out your FAFSA for the 2017-2018 school year starting October 1st. Yep! In less than 48 hours you could be looking up asset values and tax information from 2015 and possibly pulling your hair out in frustration. Woohoo! Fill it out HERE on the FAFSA website. First thing….and you can do […]
Time is running out if you received advance payments of the premium tax credit in 2015 and have not filed your 2015 tax return yet. You must file your 2015 return and reconcile any advance credit payments you received in 2015 in order to help prevent losing eligibility for future premium assistance. The IRS is sending […]
Well…as long as the error is within the last 3 years it can still be amended. Returns for tax years 2013, 2014, and 2015 are still open years. So if you forgot to take a deduction or maybe even forgot to claim someone on your tax return that you were entitled to claim, there is […]
Maybe it’s not worth the trade in value. Maybe you need it hauled away. Maybe you just feel like giving today. If you donate your car to a charitable organization and want a tax deduction then here are some tips for you. Here is the Donor’s Guide to Vehicle Donations, courtesy of the IRS. […]
No one likes to open their mailbox to find something from the IRS. Well….unless they are expecting a huge REFUND check, right? Sometimes, instead, you get a NOTICE from the IRS. Definitely not as much fun, but it may not be as bad as you think. Some reasons they send notices: You may not have […]
The IRS and the Department of Labor closely watch how businesses classify workers. There are various penalties for paying someone as a subcontractor when they should be paid as an employee. A 1099-Misc should be used for a subcontractor, not for an employee. An employee should be paid in wages which means the employer must […]
Time is ticking!!!! Get that return filed! Here are the extension deadlines: S Corporation: September 15th C Corporation: September 15th Individual/Personal tax return: October 15th Partnership return: October 15th
