If you have been procrastinating about filing your 2023 tax return or have not filed other prior year returns, you should consider the consequences, including the penalties, interest, and aggressive enforcement actions.
For most taxpayers who reported all their income, the IRS has three years from the date of filing the returns to examine them.
Estimated tax payments are not just for the self-employed. They are for anyone whose withholding and tax credits are significantly less than their projected tax liability.
Your tax forms are coming soon. Make sure you receive everything you need for your 2021 return. What tax forms to expect when tax season comes. Your tax documents for the 2021 return should have arrived, or will soon.
You have probably heard others discussing living trusts but may not understand the reasons for them or whether you should have one. Living trusts are an estate-planning tool, and there is not a one-type-fits-all living trust. … Read More
Dear Valued Clients and Prospective Clients, As the Coronavirus disease (COVID-19) emergency continues to grow, we are sharing with you our office policy and the latest Coronavirus emergency news as it pertains to this tax season. … Read More
Do I Have to File a Tax Return? This is a question many taxpayers ask during this time of year, and the question is far more complicated than people believe. To fully understand, we need to … Read More
A foreign spouse or as the IRS puts it, a nonresident alien, what is that, you may wonder? In this day and age, with businesses going global and worldwide travel being so easy, it is more and more common to see marriages take place between a U.S. citizen/non-U.S. citizen who is a resident of another country. These marriages trigger significant tax consequences.
Are you are up against the April 18, 2017 deadline and still need some information to complete your tax return, here are some last minute tax tips. Keep in mind these tips will help you also address last minute tax payments.
The due date to file taxes is April 18th for Federal and Massachusetts tax filing. In fact, most states are posting April 18th as the tax filing due date. Just a reminder if you still have to file your 2016 tax return, April 18, 2017 is the due date. This tax filing deadline is so you can file your return or pay any taxes you owe. For those who are not done with your tax preparation, we suggest you file for the automatic six-month extension. Also, you can pay the tax you estimate to be due. The due date is normally April 15, but the 15th falls on a weekend and the next business day, April 17, is Emancipation Day, a legal holiday in Washington D.C., so the due date in 2017 is April 18.