Tax service, payroll and accounting for Individuals and small businesses
Most people know what bills they have and when they’re due. What they don’t know is how much money they can spend from paycheck to paycheck. This will show you how to have enough money available to pay your bills and how much you have to live off of. Information you need to gather:
So, you've been offered a new job and you have to move. Here's what you need to know if you're going to tax Moving Expense tax deductions.
First off there a couple of tests you must pass:
You can deduct your moving expenses if you meet all three of the following requirements.
Next January the IRS will impose a limit on the number of refunds that can be deposited to a single checking account or debit card. The maximum number of refunds going into one account will be 3, after that paper checks will be issued for the fourth and subsequent checks. This limit has come into place in order to curb identity theft and to prevent unscrupulous tax prepares from … [Read more...]
Sometimes you get a big surprise on tax day. You thought you'd get a refund but end up actually owing money. It's always best to pay whatever you owe by the filing deadline to avoid penalties and interest being added to the bill but sometimes that's just not possible. If that's the case, here are 3 ways to handle it with the IRS:
Too often we procrastinate and procrastination usually brings more procrastination. This is especially true in regard to filing and paying taxes. The good new: The IRS isn't going to come and haul you off to jail. The bad news: It's going to cost you. Here's what the IRS says will happen when you file after the deadline or don't pay the taxes you owe: 1. A failure-to-file penalty may apply if you did not file by the tax filing deadline. A failure-to-pay penalty may apply if you did not … [Read more...]
