The Importance of Filing Your Taxes: A Guide for Unfiled Tax Returns 01 June 2024 by Mitch Helfer

Why Filing Your Taxes Matters Stop IRS penalties for late filing and late payments. The longer you delay, the more these penalties can add up. In addition, interest accrues on any unpaid tax from the due date of the return until the date of payment. File as soon as possible to minimize these extra costs. Protecting Your Refund If you’re... Read More

What is the Obama Care Penalty for 2014 for Not Having Health Insurance? 26 January 2015 by Mitch Helfer

Obama Care’s individual mandate requires that most Americans obtained health insurance by 2014 or pay a tax penalty (the Obama Care Penalty for 2014). The individual mandate went into effect January 1st, 2014 and continues each year. The penalty for not having coverage will be paid on your Federal Income Tax Returns for each full month you or a family... Read More

IRS Adopts “Taxpayer Bill of Rights” – Taxpayer Rights 14 June 2014 by Mitch Helfer

The Internal Revenue Service (IRS) this week announced the adoption of the Taxpayer Bill of Rights.  For the most part, there’s really nothing new here. The IRS does not necessarily have the “final word”. The Taxpayer Bill of Rights gives taxpayers certain taxpayer rights to challenge the decisions made by the IRS that impact their tax obligations and payment of... Read More

Same Sex Marriage Tax Returns 2013 29 January 2014 by Mitch Helfer

Brief discussion of same sex marriage tax returns 2013 could represent advantageous tax implications for same sex marriage couples pursuant to Revenue Ruling 2013-17 New Tax Law (Revenue Ruling 2013-17) on Same Sex Couples / Same Sex Marriage On Aug. 29, 2013, the Internal Revenue Service (IRS) ruled that same sex couples, legally married in jurisdictions that recognize their marriages,... Read More

Tax Tips – Payroll Taxes: Payroll Tax Deposit due Date, Late Tax Deposits, Payroll Tax Penalty, Tax Relief Help, Trust Fund Recovery Penalty 11 January 2014 by Mitch Helfer

What you need to know about payroll tax. Payroll tax deposit due date. How to pay payroll taxes. Late tax penalties. When you can’t pay payroll taxes. Get Tax Relief Help! Trust fund recovery penalty. When Are Payroll Tax Deposits Due? Employers need to deposit payroll taxes every month or semi-weekly depending upon your employer classification. Monthly depositors must deposit... Read More