Category Archives: State Extensions

Employee Benefits as Tax Claims

If you are a business owner, there are a number of other fringe benefits that you may provide to your employees that can also have an impact on your tax liability. The rules and requirements are sometimes convoluted, but it …

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New Estate Tax Tips

When planning your estate, finding out a way to keep taxes for your loved ones as low as possible will ensure that your family gets the maximum amount of benefit after your passing. Estate laws can be a little tricky …

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5 Myths about Income Tax Extensions

With all the information available on tax extensions, it is easy to think that you may know everything about them. Companies like FileLater.com have been helping Americans get tax extensions for many years, and they are also helping to debunk …

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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 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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Are those really Business Expenses or Audit Triggers?

Being in small business means that most of the time you will rarely be audited. According to recent statistics, just under 1% of all tax returns last year were audited for companies under $10 million in assets. So why invite …

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Itemized Deductions for your Business

As a small business owner, you realize that ensuring you itemize your deductions properly can significantly lower your taxable profits, allowing more of your revenue to remain in the business and further grow your business. Yet you need to know …

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What is an offer in Compromise?

The Offer in Compromise (OIC) program offered by the IRS is a potential way for you to significantly reduce your tax liability, but only if you meet the stringent qualifications. There are two main qualifying issues that you need to …

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