Monthly Archives: March 2015

IRS Tax Forms – Make Sure You Use the Correct Ones

The new tax season is upon us, and it often feels as if putting together all of your financial information for the past year and filing your taxes will cause mild to severe headaches. It should be noted that the …

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What Happens if I Don’t File My Taxes?

Nothing good. Simply put, if you fail to file or pay your taxes on time, the IRS will start sending you notices in the mail and begin the collection process. There are a number of penalties, fees, and interest charges …

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What are the Pros of Filing a Tax Extension?

There are many advantages to filing a tax extension. Whether you desperately need more time to file, or you are just procrastinating, an extension is easy to request. There are no income qualifications or restrictions when it comes to filing …

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Tax Extensions for Trusts and Estates

If you are filing for an estate or trust and you need more time to prepare your return, you can file Form 7004 for a tax extension. Note that the rules for these types of extensions have changed in recent …

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Tips for E-filing Form 4868

Are you tired of the stress of rushing to get your tax information together to file on time? Knowing how, when, and why e-filing Form 4868 with the IRS is the best course of action can save a taxpayer thousands …

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Tips for E-filing Form 7004

Running a business is hard work, and often times it’s simply not possible to file your business tax return by the deadline (March 15 or April 15). In order to avoid the costly fees, penalties, and interest charges associated with …

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How to Get a Personal Tax Extension?

Do you need more time to file your taxes? If so, you can file an extension with the IRS and have until October 15th to file your income tax return. The best part is that an extension will help you …

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What is a Personal Tax Extension?

If you are worried that you will not have enough time to file your personal tax return with the IRS before the 15th April deadline, then a personal tax extension is the right choice for you. It is an easy …

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Bankruptcy & Back Taxes

Have you considered declaring bankruptcy because you are hoping to start fresh? While declaring bankruptcy may allow you to get rid of most debts, there are some instances where personal income taxes may not be discharged from a bankruptcy and …

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What are Federal Tax Brackets?

Do you know what tax bracket you are in? The federal government created tax brackets in order to separate different types of taxpayers and charge different tax rates. Knowing your current tax bracket, and possibly how to lower your tax …

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