What To Do When You Owe The IRS Money And You Can’t Pay It
Scenario- you filed your tax return, and it turns out you owe money—way more money than you thought. And you can't afford to pay it all at once. What do you do?
2013 Individual Income Tax Return Deadline April 15, 2014
It’s a week before Tax Day! At this point, if you haven’t gotten your information to your CPA yet, you should probably go on extension.
Three Tax Breaks for Higher Education
The cost of high education keeps rising. If you, or a dependent, are in college, make sure you take advantage of the tax breaks you might be eligible for.
Get Money for Your Kids
It sure costs a ton to raise kids these days. That’s why I want to make sure parents take advantage of the tax credits they might be able to claim.
2013 Corporate Tax Return Deadline March 17, 2014
Typically C- and S- corporation tax returns are due on March 15th, but this year that date is a Saturday, so the kind folks at the IRS make the following Monday, March 17th, the deadline instead.
Can I toss those old tax returns?
The IRS says that you really only need to hold onto tax returns and supporting documentation (like W-2s, 1099s, deduction receipts) for three years after the date of filing (April 15th or later if you filed an extension).
Femfessionals Adds New Board Members and Community Ambassadors | South Florida Citybizlist
I am thrilled to be part of this fabulous group of professional women in Femfessionals Fort Lauderdale!
Simplified Home Office Deduction New for 2013 Filing Season
There is a simplified home office deduction new for 2013. This is a great thing for those work-at-home types.
What’s my status?
The IRS determines your filing status based on what you are on December 31 of that tax year.
2013 IRA Contribution Deadline
If 2013 came and went and you did not manage to put away money for retirement, you may be in luck.
Bette Is Now Xero Certified
I am thrilled to announce that I am now Xero Certified!
2013 Forth Quarter Estimated Tax Payment Due Jan 15, 2014
Make tax payment for 2013 by Thursday Jan 15, 2014!
IRS to Restaurants- Tips Taxed – Gratuities on Large Group Checks Are Wages
As of January 1, 2014, automatic tips for servers will need to be included in payroll.
12-16 week processing time for amended returns submitted during the government shutdown
Today I called the IRS regarding a client's amended tax return. The agent told me that due to backups caused by the government shutdown amended returns will take 12 to 16 weeks to process.
IRS Makes Billions of Dollars of Wrong Earned Income Tax Credit Payments
I find this shocking. If the government wants to know where to focus IRS audit efforts it should take a look at the earned income credit program. I'm sure there are plenty of needy people who benefit from the program, but the abuse is outrageous.