BCG_SOCIAL-IMAGES_BUSINESS-OWNER_AH_V01

The Internal Revenue Service (IRS) accepts the following reasons for failure to file tax returns on time: 1. Late receipt of the return, although it was mailed in time to reach the IRS by the deadline (as evidenced by the postmark). 2. Filing to the wrong IRS District Office. 3. Death or disability of the taxpayer or a member of the immediate family. 4. Unavoidable absence of the taxpayer. 5. Destruction of a taxpayer's residence,

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BCG_SOCIAL-IMAGES_TAX-PLAN_AH_V01

The April 15th tax deadline always seems just around the corner. Preparing in advance to file your federal income tax return might help make a sometimes overwhelming process easier to tackle. Fortunately, the Internal Revenue Service (IRS) has established several convenient methods to help each taxpayer file promptly and with ease. Electronic Filing (E-File) Since computers have become a part of everyday life, the IRS has implemented several filing methods known collectively as e-file. Whether

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BCG_SOCIAL-IMAGES_BUSINESS-OWNER_AH_V02

One of the more onerous tax issues facing business owners is determining what type of employee compensation is taxable. This may be especially true for small business owners who often wear many administrative hats and may not have the luxury of an in-house accountant to answer complex tax reporting questions. Generally, an employee’s wages are considered taxable compensation. However, the term “wages” can be somewhat misleading. In addition to actual earned compensation, federal and many

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BCG_SOCIAL-IMAGES_TAX-PLAN_AH_V01

Caught up in the emotional turmoil that usually accompanies divorce, it is easy to for estranged couples to overlook the serious financial issues that arise as they seek to divide up their assets and establish independent lives. But even in the midst of fraught divorce proceedings, it is important to consider the tax implications of property division, custody arrangements, and child and spousal support agreements. To steer clear of potential tax-planning pitfalls, consider the following

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BCG_SOCIAL-IMAGES_TAX-PLAN_AH_V01

Free Tax Preparation Did you know that a free, Federal income tax preparation and electronic filing program called Free File is available to U. S. taxpayers with adjusted gross incomes (AGIs) of $58,000 or less? Free File was developed through a partnership between the Internal Revenue Service (IRS) and the Free File Alliance (FFA), a group of private sector tax software companies. The Free File program allows taxpayers to do their own Federal income tax

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