Federal Tax Returns
The Benefits of a Tax Extension
Extend the Filing Deadline of Your Personal Tax Return Although the due date to pay your individual income taxes is April 15, you can…
Adjusted Gross Income (AGI) vs. Modified Adjusted Gross Income (MAGI)
What’s the Difference Between Your AGI and MAGI? When it comes to calculating your taxes, you will often hear two different terms regarding income: Adjusted…
The Child Tax Credit
A Tax Break for People Who Have a Qualifying Child One of the most valuable and popular federal tax credits is the Child Tax Credit. For tax…
Who Has To File A Tax Return
How to Determine If You Need to File a Tax Return With the IRS Are you wondering if you need to file a tax return?…
Tax Form 1099-MISC: Miscellaneous Income
Reporting Miscellaneous Income and Payments to the IRS Form 1099-MISC is an information return used to report certain miscellaneous income/payments to the IRS. If…
6 Tips to Help You Avoid an IRS Tax Audit
Although the IRS only audits about 1.1% of the over 140 million returns it receives each year, for those people who do receive an audit…
Business Taxes: Important Due Dates
In general, all businesses operating in the U.S. are required to report their activities to the IRS by filing annual tax returns. The due date…
5 Tax Deductions for Businesses
Beyond normal day-to-day business expenses, there are many other tax deductions that can help business owners reduce their tax liability. Not using all the deductions…
