Start year end tax planning sooner than later With the end of the tax year for 2020 fast approaching, it’s time to get your year-end tax planning in order. Whether you own a business or you file individual taxes, now is a good time to take...

What business documents should you keep for taxes? The cornerstone of any business is its documents and record-keeping processes. Good records will help you do much with your business, including monitoring the progress of your business, which items are selling, or what changes you need to...

[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern"][vc_column][vc_single_image image="4825" img_size="full" qode_css_animation=""][/vc_column][/vc_row][vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern" css=".vc_custom_1585667935288{padding-top: 64px !important;padding-bottom: 64px !important;}" z_index=""][vc_column width="1/6"][/vc_column][vc_column width="2/3"][vc_column_text] Tax deadlines that will be extended in 2020 With the current COVID-19 pandemic and economic climate, the federal government moved tax...

The time to plan for taxes isn’t April 14. You should plan in the fall for the next year, according to the Internal Revenue Service.Step 1: Determine your filing status If you’re like other taxpayers, you usually only think about your filing status when filing your...

Prepare for taxes as a freelancer   One of the hardest parts of the gig economy is calculating how much you’ll owe in taxes at the end of the year. But that’s now easier with the Internal Revenue Service’s new Tax Withholding Estimator tool. The Tax Withholding Estimator...

Tax extension: What to do now Did you need more time to file your taxes? Hopefully, you filed a free extension for your federal income tax return. If you didn’t, go do it now at the Internal Revenue Service website:  https://www.irs.gov/filing/free-file-everyone-can-file-an-extension-for-free. If you did, there are a few...

Why use a local tax service? On average it takes 16 hours to gather all your documents and file a return. But if you have a more complex economic life, it will cost you time and money. Therefore, if you have more complicated filings, like multiple jobs,...

Confused about IRS tax forms? There are so many. You could say “There’s a form for that” but we are going to look at the most common forms used in filing personal income taxes. If you need more information about other IRS forms, visit IRS.gov. (Links...

DVF Tax Preparation Checklist for 2019 The Tax Cuts and Jobs Act of 2017 made robust changes to the nation’s tax laws and some will impact what you need to file your taxes in 2019. The one change that will likely impact most families is the increase...