IRS

7 Common Small Business Tax Misperceptions

One of the biggest hurdles you’ll face in running your own business is staying on top of your numerous obligations to federal, state, and local tax agencies. Tax codes seem to be in a constant state of flux making the Internal Revenue Code barely understandable to most people. The old legal saying that “ignorance of […]

The government shutdown could impact key services
Government Shutdown: What Does This Mean To You
The government shutdown will not only affect government employees. It could also affect you if you use one of these federal services or benefit programs.
Organize for Tax Time

 by April Lewis-Parks It is that taxing time again! If you have not filed yet and are dreading it because you’re not organized, we have some tips from the organizing expert Jennifer Ford Berry, author of the best-selling book Organize Now! A Week-by-Week Guide to Simplify Your Space and Your Life. Ms. Ford gives advice […]

Owe Uncle Sam Some Money? Don’t Pay With a Credit Card!

by April Lewis-Parks If you owe the IRS money this tax season and don’t have it available, avoid using your credit card or opening a credit card account for this purpose. It’s not a good financial and can lead to a substantial amount of debt. Credit card issuers and even the IRS tout the convenience […]

How to Spot an IRS Impersonation Scheme

Consumers should protect themselves against online identity theft and other scams that increase after the filing season. Such scams may appropriate the name, logo or other appurtenances of the IRS or U.S. Department of the Treasury to mislead taxpayers into believing that the scam is legitimate. Scams involving the impersonation of the IRS usually take […]

Haven’t Filed an Income Tax Return? What to Do

Filing a past due tax return may not be as difficult as you think. Taxpayers should file all tax returns that are due, regardless of whether full payment can be made with the return. Depending on an individual’s circumstances, a taxpayer filing late may qualify for a payment plan. It is important, however, to know […]

Spring Cleaning: Tax Records You Can Throw Away

Spring is a great time to clean out that growing mountain of tax and financial papers that clutters your home and office. Here’s what you need to keep and what you can throw out without fearing the wrath of the IRS. Let’s start with your “safety zone,” the IRS statute of limitations. This limits the […]

Don’t Pay Your Taxes With a Credit Card

If you owe the IRS money this tax season and don’t have it available, avoid using your credit card or opening a credit card account for this purpose. It’s not financially productive and can lead to a substantial amount of further debt. Credit card issuers and even the IRS tout the convenience of using a […]

How to Avoid Identity Theft During Tax Season

Consumers should protect themselves against online identity theft and other scams that increase during and linger after the filing season. Such scams may appropriate the name, logo, or other appurtenances of the IRS or U.S. Department of the Treasury to mislead taxpayers into believing the communication is legitimate.  Scams involving the impersonation of the IRS […]