How to Set Up an Online Account With the IRS
Dealing with the IRS is never much fun, but you can make it a bit easier by setting up an IRS Account at irs.gov. An IRS Account will allow you…
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How Much Does the IRS Charge for Paying Taxes Late?
Any tax owed on an individual tax return is generally due by April 15th even if an extension is filed. Failure to make that payment results in penalties and interest.…
What You Need to Know About the May 17th Tax Deadline Extension
On March 17th the IRS extended the filing deadline for individual tax returns for the 2020 tax year from April 15 to May 17. Since then, the IRS has issued…
What Business Owners Need to Know About 1099’s
An important aspect of tax compliance for business owners is the requirement to file a 1099 for certain payments made during the normal course of business. If you are a business owner,…
The IRS’s Backlog of Unopened Mail
Did you mail a check, tax return, or letter to the IRS sometime during the COVID-19 pandemic? If you did, it may be sitting in a pile of unopened mail…
Tax Deadline Update
Last month, the IRS extended the April 15th payment deadlines and filing deadline to July 15th. Since then, they have also clarified that the June 15th estimated payment deadline has…