- Unforced Errors - The 8 Most Common IRS Tax Penalties and How to Avoid Them in 2019
- You know the old line about the inevitability of death and taxes? It’s still true. What isn’t inevitable, however, is the need to pay penalties to the IRS. It happens, but it doesn’t have to, and the main reason that it does is because taxpayers don’t educate themselves about the rules. When you get hit with an IRS penalty, it adds on to a number that you already wish you didn’t have to pay.
- How Does QuickBooks Online Handle Mobile Expenses?
- If you purchase several items and services away from the office, QuickBooks Online can help you record them while you’re out and about.
- IRS Giving a Break to Some Taxpayers Who Under-prepaid Their 2018 Taxes
- Taxpayers are required to pre-pay their taxes for any tax year through payroll withholding, estimated tax payments or a combination of the two. Employees and retirees generally accomplish this through withholding, and self-employed individuals and those with investment income by paying quarterly estimated payments.
- Reasons Why Your Small Business Needs an Employee Identification Number
- Entrepreneurs often shrug off the idea of obtaining an employee identification number, or EIN, believing that their business doesn’t need one. That may not be the best plan.
- Important - Rental Owners! Guidance Related to the 20% Pass-Through Deduction
- Ever since tax reform was passed, over a year ago, taxpayers have been uncertain whether rental property will be classified as a trade or business for purposes of qualifying for the new IRC Sec 199A 20% pass-through deduction (commonly referred to as the 199A deduction).
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