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18
AUG
2020
What happens if an individual can’t pay taxes

What happens if an individual can’t pay taxes

Tax liabilities don’t go away if left unaddressed. Here’s a look at what happens in the event you (or someone you know) can’t pay taxes on time.
03
AUG
2020
File cash transaction reports for your business — on paper or electronically

File cash transaction reports for your business — on paper or electronically

If your business receives large cash or “cash equivalent” payments, you may have to report the transactions to the IRS. Here are the details.
13
JUL
2020
Businesses: Get ready for the new Form 1099-NEC

Businesses: Get ready for the new Form 1099-NEC

A tax form that used to be filed back in the 1980s is coming back for 2020. Here’s what businesses need to know.
06
JUL
2020
Steer clear of the Trust Fund Recovery Penalty

Steer clear of the Trust Fund Recovery Penalty

The “Trust Fund Recovery Penalty” is among the more dangerous tax penalties facing business owners and managers with employees. Here’s why.
15
JUN
2020
Good records are the key to tax deductions and trouble-free IRS audits

Good records are the key to tax deductions and trouble-free IRS audits

A meticulous approach to keeping business records can protect your tax deductions and help make an audit much less painful.
27
APR
2020
SMALL BUSINESS TAX BRIEF FOR APRIL 27

Hiring independent contractors? Make sure they’re properly classified

During these tough times, your business may be saving money by using independent contractors, rather than hiring employees. Make sure to follow all the rules or you could hear from the IRS.
22
APR
2020
BUSINESS BRIEF FOR APRIL 22

IRS extends some (but not all) employee benefit plan deadlines

You’ve probably heard that the IRS has extended many tax filing and payment deadlines. But, as a business owner, do you know how these extensions affect your employee benefit plans?
21
APR
2020
INDIVIDUAL TAX BRIEF FOR APRIL 21

Answers to questions you may have about Economic Impact Payments

As the Economic Impact Payments (EIPs) continue to go out, the IRS has released information about why you might not have gotten a payment. There’s also a new tool to check the status of your EIP.
10
MAR
2020
INDIVIDUAL TAX BRIEF FOR MARCH 10

The 2019 gift tax return deadline is coming up

April 15 isn’t only the income tax return deadline. It’s also the gift tax return deadline for people who made large gifts last year. Find out if you’re required to file a 2019 gift tax return this April (or if you may want to file one anyway).
17
FEB
2020
INDIVIDUAL TAX BRIEF FOR FEBRUARY 18

Reasons why married couples might want to file separate tax returns

In most cases, married couples who file jointly save more money on taxes than those who file separate returns. However, there are cases when filing separately is a better option.
12