The IRS is well known for pulling strong-arm tactics on those who do not pay their taxes, but to be honest, they do have a softer side for those who have a legitimate reason for being late with their payments. To make it easier for you the taxpayer, as well as the IRS, they have developed programs for you to use, to get your tax payments back on track again, and in their good books again, as it were.
Installment agreement is an IRS debt relief program aimed at those who owe a large amount … Read the rest
As an old Chinese proverb goes, “the journey of a thousand miles starts by a single step” What does this Chinese proverb mean? That today is the best day to start saving for your retirement if you have not started doing so already. Unfortunately, saving for retirement has always been a very sore subject for most people all over the world, but it is a true fact that married couples need to treat it with the seriousness and magnitude that it deserves.
Of you are planning to retire by the time you reach the age of 65, it means that … Read the rest
There is only one week left before the tax season comes to an end for 2012.
Every year at this time, people tend to ask the same types of questions. Let us examine some of the more common issues that people wonder about at this time of year.
Most people are very concerned about whether or not they will get a tax refund. Even though you know the refund is your own money, you tend to be happy when you get a refund and you are likely to feel upset if you have to write a check to the … Read the rest
Retirement planning can be difficult, but that shouldn’t stop you from getting started. However, you do have to be careful. After all, there are many mistakes people make with their retirement planning. Whether it’s starting too late or not regularly reassessing your portfolio, things can go wrong. Here are just a few retirement planning mistakes you don’t want to make.
Starting Too Late
People don’t usually start thinking about retirement until their 30s or 40s. However, you are missing out on thousands of dollars by not starting your portfolio as soon as possible. It doesn’t matter if you can’t invest … Read the rest
Ohio Governor John Kasich, a republican, is proposing changes to how the state regulate and taxes the oil and natural-gas drilling industry. He is seeking a balance between regulations that protect the environment without stifling investments and new jobs. To campaign this move, he states this as a goal of “leading the nation with a comprehensive energy strategy.”
Ohio is among some of the states that are balancing with the costs verses benefits of hydraulic fracturing. This procedure, also known as fracking, aids the drilling process by injecting water, sand, and chemicals underground at high pressure. There is much … Read the rest
While you may have been doing taxes on your own in the beginning, a growing business usually needs an accountant. Unfortunately, not all accountants are the same. While some may know a lot about your type of business, others may not. Then there’s the fact that some accountants may be too busy to work with you one on one. If you’re starting to feel overwhelmed, don’t. Here are a few tips on how to choose a tax accountant for your business.
Find an Accountant That Understands Your Business
There are many different fields of work out there and different … Read the rest