Monthly Archives April 2017

Deducting Employee Business Expenses

If you pay for work-related expenses, you may be able to deduct them. Generally, employee business expenses are deductible if they are more than two percent of adjusted gross income. In most cases, they go on IRS Schedule A, Itemized Deductions. Employee business expenses must be ordinary and necessary to your work in order to be deductible. An ordinary expense is one that is common and accepted in your industry. A necessary expense is appropriate and helpful to your business. Some examples of deductible employee business expenses are: Required work clothes or uniforms not appropriate for everyday use. Supplies and
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Tips for Amending a Tax Return

 Amended tax returns must be paper filed using Form 1040X Tax returns must be amended within 3 years of their original filing. If you are amending more than one year, you should file separate Form 1040x forms for each year. Tax returns should be amended to correct errors such as a change in filing status or to correct income, deductions, or credits. Tax returns shouldn’t be amended for math errors or missing forms.  The IRS will automatically correct math errors.  The IRS will mail a request for information if needed. If you are due an additional refund, you should wait to
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April 18, 2017 Income Tax Filing and 2017 1st Quarter Estimated Payment Deadline

April 18, 2017 is the 1st Quarter Estimated Tax Due Date.  Estimated Tax Payment Vouchers can be found here. April 18, 2017 is the deadline to file or extend your 2016 income taxes.  If you are running out of time, you can file or extend your taxes here. Pricing is as follows: 1040 EZ–FREE 1040A–$19.95 1040–$39.95 Extensions–$9.99 (If taxes are owed for 2016, they are due on April 18, 2017 even if an extension is filed.)
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April 18, 2017 Income Tax Filing and 2017 1st Quarter Estimated Payment Deadline

April 18, 2017 is the 1st Quarter Estimated Tax Due Date.  Estimated Tax Payment Vouchers can be found here. April 18, 2017 is the deadline to file or extend your 2016 income taxes.  If you are running out of time, you can file or extend your taxes here. Pricing is as follows: 1040 EZ–FREE 1040A–$19.95 1040–$39.95 Extensions–$9.99 (If taxes are owed for 2016, they are due on April 18, 2017 even if an extension is filed.)
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April 18, 2017 Income Tax Filing Deadline

April 18, 2017 is the deadline to file or extend your 2016 income taxes.  If you are running out of time, you can file or extend your taxes here. Pricing is as follows: 1040 EZ–FREE 1040A–$19.95 1040–$39.95 Extensions–$9.99 (If taxes are owed for 2016, they are due on April 18, 2017 even if an extension is filed.)
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