10 million personal filers and 5 million business owners request a tax extension each year. Taking an additional 6 months to complete your tax return may be a smart move. Obtaining an extension is as simple as filing IRS Form 4868. No reason needed. So why is everyone doing it? Here are 4 reasons a tax filing extension can be the right decision for your business this year. File Correctly the … [Read more...]
Tax Tips from Your Bookkeeper
Need tax tips? Every year, we help clients pull together their financial documents for their tax preparer. And every year, we see it all: from the box of receipts to the nicely filed papers, from the pulling-their-hair-out to the calm, cool, and, collected client. Here are a few tax tips to make life easier this tax season! 1) Start early. We cannot emphasize this enough. Tax Day is usually the … [Read more...]
Form 1099 – Don’t Get Caught Making These Mistakes
Once upon a time, there was a college student who worked part-time while attending school. As the new year rolled around, she sat down to file her taxes. She used the standard Form 1040EZ like she always did. But this year, she had received a Form 1099-MISC from the school for a project she had done with the student body association. Not finding anyplace on the 1040EZ form for this information, … [Read more...]
Simple Strategies for Tax Season Success
Tax tips from Ten Key, Inc. Tax season can be a taxing time of year. With changes in the tax code, each year presents new challenges in making sure your taxes are correct and complete. The professionals at Ten Key, Inc., can provide the latest information on current tax procedures and requirements. Whether it’s adjusted gross income, bond premiums or capital gains, we have the ABCs on state and … [Read more...]
Important 2019 Tax Deadlines
When asked about tax deadlines, most people think of April 15th— the traditional due date for filing tax returns. Yes, this is an important due date. But you should be aware that there are many additional deadlines throughout the tax season, and that meeting all your deadlines can save you a load of stress (and possibly costly penalties).[Tweet "Whether you’re filing as an individual or a … [Read more...]