The dawning of 2019 means the 2018 income tax filing season will soon be upon us. After year end, it’s generally too late to take action to reduce 2018 taxes. Business owners may, therefore, want to shift their focus to…
Tax planning is a juggling act for business owners. You have to keep your eye on your company’s income and expenses and applicable tax breaks (especially if you own a pass-through entity). But you also must look out for your…
On Wednesday, the IRS released its annual "Dirty Dozen Tax Scams" list and warns taxpayers to be vigilant during tax season to avoid being victims. Here are the first six, and we'll finish out the list in Monday's post: Identity…
Today's IRS announcement reminds taxpayers that the President's Day weekend is typically one of the busiest for their phone lines, and provides alternative suggestions for finding answers to common questions. The IRS website, www.irs.gov, provides resources for taxpayers to obtain…