Category Archives: tax mistakes
How to Avoid the Wrath of the IRS
One of the most controversial grey areas of tax law is the “independent contractor vs employee” issue. Most small businesses hire workers to perform services, i.e. outsourcing. Is the person you hire an employee or an independent contractor? Does it … Continue reading
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Why Using Schedule C-EZ May Be A Bad Idea
This week’s post is a warning to all sole proprietors. Specifically, are you a sole proprietor who files the shorter Schedule C-EZ rather than the traditional (and longer) Schedule C? If so, please read on to find out why you … Continue reading
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How to Avoid This Common Tax Mistake
Have you ever noticed how American taxpayers everywhere breathe a collective sigh of relief on April 15? Does this sound familiar: “Whew, I’m sure glad another Tax Season is over!” Unless you filed an extension, you’ve got your tax return … Continue reading
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What Happens If You File a Business Income Tax Return After Sept 15?
The due date for business income tax returns on extension is September 15. If that date has passed and you still haven’t filed a return for your corporation, partnership or LLC that is being taxed as a corporation or partnership, … Continue reading
Top 9 Errors To Avoid At Tax Time
Courtesy of the IRS, here’s a great list of the most common mistakes folks make on their personal income tax returns. With April 15 less than 3 weeks away, please take note! 1. Incorrect or missing Social Security Numbers. When entering … Continue reading
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