Every year, every American that earned money is required to file taxes. Whether you are an individual who only receives income from an employer, a side hustler who earns a little more on the side, or a full-time business owner with a registered business, you can find some interesting insights into your business by reviewing your taxes. Start…
US Says It Will Clear 2021 Tax Return Backlog This Week
WASHINGTON—The U.S. Internal Revenue Service on Tuesday said it would complete processing this week all the original, error-free 2021 individual tax returns received last year, clearing a backlog of 8 million returns, but the agency still faces major challenges. The IRS said it has processed more than 143 million returns received in 2022, providing over…
5 Tips to Help You Stay on Top of Your Taxes
Tax season can be pretty daunting for small business owners and freelancers. If you pay quarterly taxes, you may realize that you need to be more on top of your tax documents and track your business finances efficiently. Falling behind on your taxes years after year is all-too-easy when you’re running a business. It can…
9 Red Flags that Could Lead to a Tax Audit
The IRS chooses some taxpayers and audits their tax returns every year. And an audit is examining or reviewing your informations and accounts to ensure you’re reporting things correctly and following the tax laws, which is troublesome for taxpayers. In 2016, the IRS audited one million tax returns. Although this is less than one percent of the…
What to Do If There’s a Mistake on Your Business Taxes
For small-business owners, preparing an income tax return is far from simple, which can increase the chances of making a mistake. Here are six steps that small-business pros say you can take to cope with that hair-on-fire feeling of discovering an error after you’ve filed—plus how to get things fixed quickly so you can go…
Attention, Last-Minute Filers: Tax Return Deadline Is Monday, April 17
April 17, 2022
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Tax procrastinators be warned—Monday, April 18, is the deadline to get your taxes filed. The Internal Revenue Service (IRS) began accepting 2021 tax returns in January. While Tax Day is normally April 15, Monday will mark the third year in a row the Internal Revenue Service has extended the filing date for federal tax returns….
Attention, Last-Minute Filers: Tax Return Deadline Is Monday, April 18
April 17, 2022
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Internal Revenue ServiceLocal NewsNorthern CaliforniaRegional NewsRegional-Local NewsSouthern CaliforniaTax Daytax returnUncategorizedUS
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Tax procrastinators be warned—Monday, April 18, is the deadline to get your taxes filed. The Internal Revenue Service (IRS) began accepting 2021 tax returns in January. While Tax Day is normally April 15, Monday will mark the third year in a row the Internal Revenue Service has extended the filing date for federal tax returns….
Last-Minute Tax Tips for U.S. Crypto Investors
April 14, 2022
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NEW YORK—When accountant Zach Gordon gets calls from clients about how to handle cryptocurrency on their taxes, there is a common theme. “They have absolutely no idea,” says Gordon, a principal with Grassi Advisors & Accountants in Westchester, New York. It is not entirely their fault. The whole arena of cryptocurrencies like bitcoin is so…
Use Your Tax Refund to Knock Down Debt, Lift Your Finances
April 7, 2022
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So you’re expecting a tax refund this year. With inflation driving up the price of gas, food, and nearly everything else, that extra money can’t come soon enough. The hard part is deciding how to spend it. Should you invest the money? Book a trip? If you really want to do yourself a favor, use…
How to Keep Your Tax Return from Getting Hung Up
There may never be a good time to draw the IRS’ attention, but this year you really want to avoid extra scrutiny. The IRS is so understaffed and overwhelmed that even a tiny mistake could delay your refund for months. A return that requires “manual processing”—basically, any action by an IRS employee—could join a massive…
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