by Laura Sabbagh | Nov 1, 2016 | Accounting, Blog, Tax tips
Are you required to file 1099’s or other information returns? Here are some helpful tips from the IRS website to help you stay in compliance and avoid penalties, which start at $50 for each form you fail to file timely, fail to include all required information...
by Laura Sabbagh | Aug 7, 2015 | Tax tips
Even if you guard that critical 9-digit number carefully, you can still have a fraudulent tax return filed using it. Your first thoughts when you become the victim of a tax identity thief might go along the lines of: Did I click on a link in an email that I...
by Laura Sabbagh | Jul 14, 2015 | Blog, Tax tips
Being selected for an audit doesn’t mean that you’re suspected of incorrectly reporting your taxes. There’s no getting around it: The prospect of being audited by the IRS is unnerving. But the agency chooses to audit individuals and businesses for a...
by Laura Sabbagh | Jun 17, 2015 | Blog, Tax tips
The business structure you use – sole proprietor, LLC, etc. – has tremendous impact on how your company operates and pays taxes. A business structure is simply an organizational framework. The IRS requires you to select one for your company, since this designation...
by Laura Sabbagh | May 7, 2015 | Blog, Tax tips
Even if your 2014 refund hasn’t hit the mailbox yet, it’s time to get a jump on your 2015 taxes. What does the phrase “tax planning” mean to you? Hurriedly giving charitable donations in December to try to knock down your total income tax...
by Laura Sabbagh | Apr 25, 2015 | Blog, Tax tips
It’s not just self-employed individuals who are required by the IRS to pay estimated taxes. There are numerous advantages to being self-employed. The top benefit that most full-time, must-report-to-the-office employees most envy the most is your ability to establish...
