If you have filed your tax return for 2015, great job and we have included some useful tax tips to help planning for 2016. https://www.irs.gov/uac/start-planning-now-for-next-years-taxes Here are some important tax deadlines to be aware of for the upcoming year. September 15, 2016 3rdQuarter Estimated Tax Payments for 2016 October 17, 2016 Extended 2015 US tax [...]
The Internal Revenue Service has recently created a list of the top “Dirty Dozen” tax scams for 2015. Common scams have included threatening phone calls and email phishing (stealing personal information or personal identity). The illegal scams can lead to potentially significant penalties and interest for taxpayers, as well as possible criminal prosecution for perpetrators. [...]
Good organization and recordkeeping is very important when tax deadlines approach in April (June for those living overseas). Good recordkeeping will help you with the following: – Prepare accurate income tax returns – Ensures you will provide all necessary information to you CPA – Keep track of valuable deductible expenses – Give you peace of [...]