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Why Filing Your Taxes at the Last Minute Isn't Always a Bad Thing

You promised yourself that this would be the year you did your taxes early that the second you received all of the documents you needed, you would submit your returns, collect your refund and put. ....

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Everything You Need To Know About Taxes Leading Up to the Extension Deadline

The federal income tax extension filing deadline is Oct. 15. Those filers who needed more time to complete their returns had to file Form 4868 with the IRS earlier in the year to request an extension. ....

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5 common red flags that could get your business audited by the IRS

5 common red flags that could get your business audited by the IRS
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In large and small companies alike, the prospect of an IRS audit sends shivers down the spine. Sometimes an audit is simply the product of poor luck and random chance. But in other cases, something in the filing process raises concern.
Thorough, accurate recordkeeping proves the best defense should a tax person come knocking on the door. However, the ideal scenario, of course, is to avoid becoming the subject of an audit to begin with. While you can’t eliminate all risk of audit, you can decrease it. ....

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