IRS Penalties: Failure To File vs. Failure To Pay
Failure-To-File and Failure-To-Pay are two separate penalties the IRS can charge you with. The law provides that the IRS can assess a penalty on either or both instances, should they...
Today Is The Deadline To File Business Tax Returns or File A Business Tax Extension
The Business Tax Filing deadline is Today at midnight according to your time zone. If you need more time to file your business tax return with the IRS, you can...
Tax Reforms In The Fiscal Year 2015 Budget Proposal
The IRS Commissioner, John Koskinen, has released a statement on The Fiscal Year 2015 Budget that addresses taxpayer concerns. The statement released: The Fiscal Year 2015 Budget proposal is a...
IRS Form 1099: How To Make Corrections
Problem: You submitted your Form 1099 through ExpressTaxFilings, but now you realize you have incorrect information on the return. What do you do? Solution: Well first, you must wait until...
Avoid Late Filing Penalties for 1099 & W-2
To avoid penalties, it is important to file your Forms 1099 and W-2 on time. The e-file deadline is March 31, 2014. According to General Instructions for Certain Information Returns...
What is IRS Form 1099-INT?
Form 1099-INT, Interest Income, is a yearly tax statement provided by payers of interest income that summarizes income of more than $10 from interest along with associated expenses. The information...
Paper Filing Deadline TODAY for Form 1099 & W-2
Reminder if you are paper filing Forms 1099 & W-2, they need to be postmarked today! When you E-File those forms, your deadline is March 31st and you can do...
Form 1099 & W-2 Deadline For Paper Filers
If you are paper filing Form 1099 & W-2, they need to be postmarked by tomorrow, February 28th. The SSA encourages all employers to E-File Form W-2. E-filing can save...
States with February 28th Filing Deadline
Form W-2, Wage and Tax Statement, is used to report wages paid to employees and the taxes withheld from them. What states have a February 28th Deadline for Filing W-2?...