From the filing to quarterly estimated payments, there are several key IRS deadlines you should know about. Missing a tax deadline can result in penalties, so it’s essential to make sure you're filing and paying your taxes on time. Learn more about IRS
If you file your taxes electronically, your return has to be transmitted by the due date according to the date and time in your time zone. Filing taxes electronically is best and also becoming a standard for the IRS. You run less of a risk that your taxes aren’t received. It also tak...
When are estimated taxes due? Estimated federal taxes are typically due 15 days after the previous quarter ended, though this may be slightly extended if the 15th falls on a weekend or holiday. The estimated federal tax deadlines for tax year 2025 are April 15, 2025; June 16, 2025; Septemb...
When are LLC taxes due? Tips for filing LLC taxes. The end of the calendar tax year often has LLC members asking, "When are LLC taxes due?" Read on to learn what LLC taxes include and when they are due. Small Business Tips How much does it cost to open a restaurant? Want to open...
If you run two or more separate businesses, you’ll need to know how to file taxes for each one and how they will impact your personal tax return.
April 15, 2015:This is the traditional tax filing deadline for most individual taxpayers. It is the due date for filing your federal income tax return for the previous year. April 15, 2015:If you need more time to file your taxes, you can request an extension on this date. The extensio...
A written business plan is often a prerequisite for indicating an intent for profit, and it can also show ways in which you are modifying your business to cope with losses. Let a local tax expert matched to your unique situation get your taxes done 100% right with TurboTax Liv...
For example, suppose you're considering buying a rental property but do not know its implication on your income tax returns. In that case, a tax lawyer can help you take advantage of the federal tax code, which may reduce your income taxes. If you're considering transferring assets to ...
Taxes apply differently depending on your business entity The IRS has different rules for family-run businesses depending on your business entity. Schedule C businesses, which include sole proprietorships, husband-wife partnerships, or LLCs treated as sole proprietorships fortax purposes, have different...
If an 83(b) election was filed with the IRS and the equity value falls or the company files for bankruptcy, then the taxpayer overpaid in taxes for shares with a lesser or worthless amount. Unfortunately, the IRS does not allow an overpayment claim of taxes under the 83(b) election. ...