Tax Day 2018: Fines and Penalties You Could Pay for Filing Taxes Late
Every taxpayer should know these 10 facts about penalties for filing or paying your taxes late.
Senate Reviews Small Business Taxes
The U.S. Senate Committee on Small Business and Entrepreneurship held a markup on five different small business bills that would lesson burdens for small business owners. Three bills aimed to ease small business ownership for veterans, one bill aimed to help better use energy efficiency practices and on bill aimed to reform the microloan process.
Start Planning Now for Next Year’s Taxes
You may be tempted to forget about your taxes once you’ve filed your tax return, but did you know that if you start your tax planning now, you may be able to avoid a tax surprise when you file next year? That’s right. Now is a good time to set up a system so you
The Return of Abraham Part V: Back Taxes and the Never Started Remodel
You have to hand it to the good people of Billings, they certainly know a pig wearing lipstick when they see one. Just like the good people of Tacoma and Ephrata, Wash., before them, the residents of Montana’s largest city have gained some real first-hand experience with the ever-shifting Abraham Hengyucius. You’ll recall that Mr.
TireMaster Update Makes Taxes Easier
The new TireMaster 8.9 software update by ASA Automotive Systems will help make filing taxes easier for tire businesses. The latest update to the TireMaster software includes the ability to store a taxpayer ID number in a vendor record, identify if the supplier is a 1099 vendor, and indicate if their form W-9 is on
States Consider Raising Gas Taxes as Crumbling Infrastructure Looms
Falling gas prices are causing some state lawmakers to consider something drastic: raising gas taxes. According to NPR, in states like New Jersey, lawmakers agree that drastic measures need to be taken in order to fix a backlog of bridge and road projects, including many deficient, unsafe, and in some cases, failing bridges. In New
Nokian Tyres Owes Back Taxes in Finland
Nokian Tyres has received a reassessment decision from the Finland tax administration, stating the tiremaker is obligated to pay 26.9 million euros in back taxes. Nokian plans on disputing the reassessment. Nokian owes the government 16 million euros in additional taxes and 10.9 million in punitive tax increases and interests for the 2007 tax year.
Extra Days to File Taxes
Hard to believe, but the Internal Revenue Service is starting 2012 with good news for all taxpayers – you get a couple of extra days! According to the IRS, taxpayers have until April 17, 2012, to file their 2011 tax returns. The extension comes because April 15 – the traditional deadline – falls on a
Six Tips for Paying Estimated Taxes
Estimated tax is a method used to pay tax on income that is not subject to withholding. Depending on what you do for a living and what type of income you receive, you may need to pay estimated taxes during the year. These six tips from the IRS will provide you with a quick look
IRS Webinar Will Help You Understand Biz Taxes
The IRS is hosting a free webinar on the basics of business taxes, focused on small businesses and the tax professionals that serve them. The webinar is scheduled for 2 p.m. (ET) on Tuesday, March 29, according to TIA, which is urging tire dealers to take advantage of the program. The webinar – Business Taxes