• E-Filing: Common Questions

    Taxpayers can submit their taxes electronically using the IRS’ Electronic Filing System via the e-file process. Tax preparation software approved by the IRS can be used to electronically file taxes with a desktop computer as well as from the latest smartphones and tablets. What Are Some Benefits of E-Filing?...
  • How to Get a Business Tax Extension Online

    Whether you work for an employer or own a business, the IRS allows you to file a tax extension. This extension gives you more time to file your taxes, it does not extend your time to pay. However, there are different rules and deadlines for personal and business tax...
  • Amending your Federal Tax Return

    Do you need to make a correction to your Federal Tax Return? An amended tax return is required for some errors, but not all. You only need to file IRS Form 1040X if you have made a mistake that the IRS cannot fix themselves. Mathematical errors are often corrected...
  • Filing Your Taxes for 2016

    The beginning of the new year marks the time when business owners start accounting for their final total revenue made from sales and expenses incurred while running their business to know how much they have earned in profit. They can already start filing tax returns with the Internal Revenue...
  • What you Need to Know about Withholding Taxes

    The Federal income tax works on a “pay-as-you-go” system that consists of two ways to pay as you go: withholding tax or estimated tax. Tax withholding forms the crux of this article. Income tax will most likely get held from your salary by your employer if you work at...
  • The Earned Income Tax Credit

    In 1975, the Earned Income Tax Credit (EITC or EIC) was introduced. The point of this tax credit was to help lower income families financially. It provides a subsidy to help with financial woes. There are eligibility requirements that must be met and an income tax return has to...
  • Setting Up your IRS Payment Plan

    Payment arrangement options are offered by the IRS for those who owe more in taxes than they can afford to pay immediately. The IRS, will pretty much always issue penalties and charge interest on taxes paid late, regardless of the reason. There are some special circumstances, though these are...