Wondering How To Amend Your Tax Return?

amendment form

Everybody makes mistakes. But it’s easy to panic when the mistake you made was on your tax return. Fortunately, the IRS isn’t anywhere near as scary as people make them out to be. Yes, they will come after you if they suspect you’ve committed tax fraud. Other than that, however, they’re actually pretty easy to … Read more

How to Calculate Quarterly Estimated Taxes for 2021-2022

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You may have heard us mention before that the federal income tax is a pay-as-you-go tax. As the name implies, this means that you pay your taxes as you earn income. This is why your employer withholds federal taxes from your paycheck every week. Self-employed people, however, don’t have an employer to withhold taxes for … Read more

13 Tax Audit Triggers to Know for 2021

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When you get ready to prepare your taxes, you may be concerned about making a mistake or doing anything else that could trigger an IRS tax audit. While audits are perhaps less common than they were in prior years, the IRS continues to select tax returns each year for additional scrutiny and review. In many … Read more

I Live in One State & Work in Another: Where Do I Pay Taxes?

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The only two certainties in life are death and taxes, and when you go to file your taxes, you may start to prefer the former. Even if you thought you had this income tax thing down, it’s possible that COVID has changed your tax picture. Maybe you moved to a more rural area where COVID … Read more

Coronavirus & Taxes: Everything You Need To Know for 2021

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COVID seems to have made everything more complicated, including a quick run to the grocery store or a visit to the gym for a workout. Unfortunately, taxes are no exception. Already confusing on the best of days, the Coronavirus and Coronavirus tax relief packages are further muddying the tax waters.  Although COVID tax relief packages … Read more

What to Know About Joe Biden’s Tax Policy

tax documents

The 2020 election is fast approaching, making now the time to educate yourself about the candidates and what they offer. You should, of course, do so at the federal, state and local levels, since all the layers of government play a role in your daily life. There’s no question, however, that this year all eyes … Read more

Filing Taxes Last Minute? Here’s Some Advice

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The official due date for federal taxes is Jul 15, 2020. If you are one of the people who has not filed yet, it is time to turn in your tax return. What Extensions Are Available? Sometimes, people can automatically get an extension on their taxes because of a natural disaster or a similar emergency. … Read more