-
Smart Strategies to Avoid IRS Penalties on Estimated Taxes
•
Avoiding CP30 Notices: A Guide to Estimated Tax Planning
-
Forget to File? The IRS Didn’t Forget About You
•
If you haven’t filed yet and expect to owe, submit an extension ASAP to dodge the hefty late filing penalty.
-
S Corp Tax Savings Explained: What Every LLC Owner Should Know
•
If you operate a single-member LLC or multi-member LLC taxed as a partnership, you may be familiar with self-employment taxes eating into your bottom line. Electing S Corporation (S Corp) status can offer real tax savings….
-
How Much Do Charitable Donations Reduce Income Tax?
•
If your expenses exceed the standard deduction and itemizing is more beneficial, you may wonder how donations affect your taxable income. Assuming an adjusted gross income (AGI) of $105,000, you can deduct cash contributions to qualified charities up to 60% of your AGI—approximately $63,000. Any contributions beyond this limit can be carried forward for up…
