Congratulations if you filed your 2020 tax return by the May 17 deadline. But you may still have questions. We’re often asked about refund status, record retention and amended tax returns. Here are some answers.
Help ensure the IRS doesn’t reclassify independent contractors as employees
Employee or independent contractor? That’s the question businesses ask when they bring on certain workers. Here are the basic rules to help keep you out of tax trouble.
Tax filing deadline is coming up: What to do if you need more time
Americans got extra time to file their tax returns this year, but the deadline is looming. Here’s what to do if you’re not ready.
The Biden administration proposes far-reaching tax overhaul
If you’re trying to keep straight all of the tax proposals the Biden administration has recently announced, here’s a handy guide.
Why it’s important to meet the tax return filing and payment deadlines
The IRS imposes penalties for failing to pay taxes due and failing to file required tax returns. With the May 17 filing deadline coming up, it’s a good time to review the amount of the penalties.
President Biden details his tax proposals for individuals
What could President Biden’s tax proposals mean for you? Here’s a brief rundown of the “American Families Plan.”
Changes to premium tax credit could increase penalty risk for some businesses
If your business can be defined as an applicable large employer, the recently signed American Rescue Plan Act might increase the likelihood that you’ll incur a penalty under the Affordable Care Act.
Who qualifies for “head of household” tax filing status?
If you qualify to file as a “head of household,” you may pay less tax than if you file your tax return as a “single” individual.
EIDL loans, restaurant grants offer relief to struggling small businesses
Could your small business or restaurant use a tax-advantaged loan from the Small Business Administration? A recently passed COVID-relief act offers a couple of intriguing options.