What If I Forgot To Include Information On My Taxes?
4 minutes read
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The Importance of Communicating with a Preparer After April 15th
4 minutes read
As a small business owner, filing your annual tax report may have required the use of a tax preparer, an expert who understands the complexity of tax filings specifically for small business owners. For those small businesses that are organized in a form other than a C Corporation, tax filing becomes even more complicated. If you used a preparer to file your small business tax return, you might think that the relationship is over once the filing has...
What To Do If You Missed The Obamacare Deadline
4 minutes read
The Affordable Care Act, also known as Obamacare, has been the law of the land since March 23, 2010. Under the provisions of the law, nearly every American is required to have an insurance plan on or before April 15, 2014 in order to avoid certain penalties mandated under the Act. After many separate repeal attempts and a lengthy court battle that resulted in a 5-4 Supreme Court decision upholding the law, more than 8 million...
What Are the Next Steps If I Missed the April 15th Deadline?
4 minutes read
Tax season is always a stressful time of the year. Regardless if someone files themselves or hires a professional, nobody relishes the thought of having to file their taxes. Most people manage to get their taxes filed before the deadline, but there are always some who cannot get their taxes filed on time and don’t file an extension.
April 15 Countdown & Last Minute Tax Tips
6 minutes read
With the clock about to strike midnight on the 2013 Tax Year Filing season, the following is a quick list of tax tips for all you last minute filers out there:
Contractor Hired To Process NY State Tax Returns Made Mistakes & Cost Millions
1 minute read
A recent review of New York State Industries For The Disabled–the contractor hired by New York State to process mail-in tax returns–revealed a tremendous amount of mistakes and excessive overtime that cost taxpayers Millions of dollars:
IRS: $760 Million In Unclaimed Refunds
13 minutes read
The IRS currently has over $760 Million in unclaimed refunds from tax year 2010, and the clock is running out for taxpayers to claim them. Any rightful refunds from 2010 not claimed by April 15, 2014 will become the property of the US Government. The majority of these refunds are in excess of $571 each.
How Taxpayers Are Affected By 2014 IRS Budget Agreement
4 minutes read
The 2014 Omnibus Appropriation Bill—the piece of legislation that is responsible for allocating funding for the entirety of the federal government—was recently finalized and released. With the economy still recovering, it came as no surprise that the bill announced budget cut after budget cut for a variety of departments. Slightly bewildering, though, was the large cut to the Internal Revenue Service, whose funding is now sitting at levels that mirror 2009.
Tax Breaks for New Parents
4 minutes read
Having a child changes your life in countless ways, one of which is how you are taxed. New parents unlock several different tax breaks not otherwise offered which are designed to make raising a family financially easier. Here’s a look at a few of them.