4/16/2014 2:03:41 PM
April 15 is the tax day deadline for most people. If you’re due a refund there’s no penalty if you file a late tax return. But if you owe taxes and you fail to file and pay on time, you’ll usually owe interest and penalties on the taxes you pay late.
4/10/2014 2:23:17 PM
“Selecting a tax preparer is a decision that carries the same weight as selecting your doctor, dentist, attorney, or any other professional service provider,” says Roy Frick, EA, ABA, ATA, ARA, LPA, of Frick Accountants, Ltd., president of ACAT. “Most people would never hire these or other professionals without proven credentials.”
4/4/2014 1:31:21 PM
Starting in 2013, some taxpayers may be subject to the Net Investment Income Tax. You may owe this tax if you have income from investments and your income for the year is more than certain limits. Here are four things from the IRS that you should know about this tax: