The holiday season is just around the corner but that doesn’t stop scammers from trying to take advantage of unsuspecting victims. Keep reading to learn more about a scam you should be on the lookout for over the next weeks. Gift Cards Are NOT Used to Make Tax Payments No doubt, gift cards are a…
Starting a new business is an exciting adventure. But to ensure success, you must pay attention to every detail, and that includes choosing the right structure for your business. This decision determines many important factors, such as how much to pay in taxes, and the paperwork you are required to complete. If you don’t have…
The deadline to file and pay your taxes was July 15. If for any reason you couldn’t file on time, don’t worry; you still have some alternatives, although it’s important to take action now to avoid penalties and interest. Keep reading to discover what’s the best course of action depending on your specific situation. You…
July 15, the deadline to file and pay your federal taxes is approaching, so this is the right time to take steps to prepare your taxes if you haven’t done so yet. As you may remember, the original deadline was set for April 15, but it was moved as a way to offer relief to…
Tax day is July 15, in exactly two weeks. Circumstances this year have been difficult to say the least, so a lot of people may not be ready to file or pay their taxes just yet. Read on to discover what are the alternatives available in each situation. Request an Extension to file People who…
The coronavirus outbreak has upended many routines, and that includes Tax Day, that was moved from April 15 to July 15. This means that you have a month to file and pay your taxes if you haven’t done so yet. Read on to discover some tips and guidelines you should keep in mind before filing…
The Internal Revenue Service (IRS) has announced that nearly four million taxpayers will receive their Economic Impact Payment by Prepaid Debit Card. This method can be very convenient. But what happens if people misplace or lose their card? Follow These Steps If you receive your Economic Impact Payment by prepaid debit card and you misplace…
Nearly four million people will receive their Economic Impact Payment by prepaid debit card instead of paper check, according to the Internal Revenue Service. The determination of which taxpayers will receive their payment by prepaid card was made by the Bureau of the Fiscal Service, a part of the Treasury Department that works with the…
It’s important to remember that Tax Day has been moved and now the deadline to file and pay your federal taxes is July 15. Therefore, any tax payment originally planned for April 15 can be made before July 15 without interests or penalties, regardless of the amount. This extension has been automatically applied to all…