Making Taxes Less Taxing!

Today's Employer Tax Tip

Beyond Typical Tax Topics — Fri, 25 May 2012 06:21:00 GMT

If you are a semi weekly depositor who has incurred payroll between the dates of May 19 through May 22, your payroll tax deposits are due today.

These deposits can be made through EFTPS online at www.eftps.gov

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Today's Employer Tax Tip

Beyond Typical Tax Topics — Wed, 23 May 2012 06:12:00 GMT

If you are a semi weekly depositor who has incurred payroll between the dates of May 16 through May 18, your payroll tax deposits are due today.

These deposits can be made through EFTPS online at www.eftps.gov

Today's Employer Tax Tip

Beyond Typical Tax Topics — Fri, 18 May 2012 05:50:00 GMT

If you are a semi weekly depositor who has incurred payroll between the dates of May 12 through May 15, your payroll tax deposits are due today.

These deposits can be made through EFTPS online at www.eftps.gov

Today's Employer Tax Tip

Beyond Typical Tax Topics — Wed, 16 May 2012 06:06:00 GMT

If you are a semi weekly depositor who has incurred payroll between the dates of May 9 through March 11, your payroll tax deposits are due today.

These deposits can be made through EFTPS online at www.eftps.gov.

Today's Employer Tax Tip

Beyond Typical Tax Topics — Tue, 15 May 2012 06:51:00 GMT

If you are a monthly depositor who has incurred payroll for the month of April 2012, your payroll tax deposits are due today.

Today's Employer Tax Tips

Beyond Typical Tax Topics — Fri, 11 May 2012 06:38:00 GMT

Make sure that your employees report their tips to you.

Employees are required

to report the tips they received of $20 or more they

earned during the month of April 2012.

File Form 941 for the first quarter of 2012 if you made all required tax deposits timely.

Today's Employer Tax Tip

Beyond Typical Tax Topics — Wed, 09 May 2012 06:56:00 GMT

If you are a semi weekly depositor who has incurred payroll between the dates of May 2 through May 4, your payroll tax deposits are due today.

These deposits can be made through EFTPS online at www.eftps.gov.

Today's Employer Tax Tip

Beyond Typical Tax Topics — Fri, 04 May 2012 07:02:00 GMT

If you are a semi weekly depositor who has incurred payroll between the dates of April 28 through May 1, your payroll tax deposits are due today.

These deposits can be made through EFTPS online at www.eftps.gov.

Today's Employer Tax Tip

Beyond Typical Tax Topics — Wed, 02 May 2012 06:58:00 GMT

If you are a semi weekly depositor who has incurred payroll between the dates of April 25 through April 27, your payroll tax deposits are due today.

These deposits can be made through EFTPS online at www.eftps.gov.

Today's Employer Tax Tip

Beyond Typical Tax Topics — Fri, 27 Apr 2012 05:59:00 GMT

If you are a semi weekly depositor who has incurred payroll between the dates of April 21 through April 24, your payroll tax deposits are due today.

These deposits can be made through EFTPS online at www.eftps.gov.

Today's Employer Tax Tip

Beyond Typical Tax Topics — Wed, 25 Apr 2012 05:59:00 GMT

If you are a semi weekly depositor who has incurred payroll between the dates of April 18 through April 20, your payroll tax deposits are due today.

These deposits can be made through EFTPS online at www.eftps.gov.

Today's Employer Tax Tip

Beyond Typical Tax Topics — Fri, 20 Apr 2012 06:03:00 GMT

If you are a semi weekly depositor who has incurred payroll between the dates of April 14 through April 17, your payroll tax deposits are due today.

These deposits can be made through EFTPS online at www.eftps.gov

Today's Employer Tax Tip

Beyond Typical Tax Topics — Thu, 19 Apr 2012 06:37:00 GMT

If you are a semi weekly depositor who has incurred payroll between the dates of April 11 through April 13, your payroll tax deposits are due today.

These deposits can be made through EFTPS online at www.eftps.gov

Today's Individual, Business, and Employer Tax Tips

Beyond Typical Tax Topics — Tue, 17 Apr 2012 05:59:00 GMT

Individuals: File 2011 Form 1040, 1040A,

or 1040EZ. To get an automatic 6 month extension, file Form 4868.

Pay the first installment of your 2012 estimated tax.

Partnerships: File 2011 Form 1065.

Furnish a copy of Form 1065 Schedule K-1 to each partner.

Electing Large Partnerships: File 2011

Form 1065 calendar year return.

Household Employers: File Schedule H with

Form 1040 if you paid $1,700 or more in wages to a household employee.

Corporations: Pay the first installment of

your estimated tax for 2012.

If you are a monthly depositor who has incurred payroll for the month of March 2012, your payroll tax deposits are due today.

These deposits can be made through EFTPS online at www.eftps.gov

Tax Season 2012 FAQs: Entry 14

Beyond Typical Tax Topics — Mon, 16 Apr 2012 05:58:00 GMT

What can I do if I am unable to complete my return by the deadline?

If you are unable to file your return by the deadline for any reason, you may file an extension. The extension will give you another 6 months to file automatically. The form you use is Form 4868, Extension of Time to File US Individual Return. You must file the extension either electronically or by mail by the due date of the return, which is April 17, 2012.

If you want to file an extension by mail, I highly recommend the program Tax Act on the web, which can be used for free. Otherwise, you may obtain the paper Form 4868 at the IRS website www.irs.gov or via phone at 1-800-829-3676. Your mailed request should be postmarked by midnight April 17, 2012.

For more information:
It’s Down To The Wire: Get Your (Tax) Act Together!

Completing Form 4868: Application for Automatic Extension of Time to File US Individual Income Tax Return

Tax Season 2012 FAQs: Entry 13

Beyond Typical Tax Topics — Sun, 15 Apr 2012 05:56:00 GMT

I have completed my return and owe more money that I expected. How can I prevent this from happening in the future?

If you are an employee, you can submit Form W4 with your employer to decrease your current number of withholdings. If you need help in completing the form accurately, visit www.irs.gov and go to the “W4 withholding calculator”. You can obtain Form W4 from your employer or from the IRS website, www.irs.gov.

If you are a recipient of unemployment or social security benefits, you can submit Form W-4V to the payer to decrease your current number of withholdings. You can obtain Form W-4V from your agency or from the IRS website, www.irs.gov

Finally, if you are self employed, you can complete Form 1040ES and make quarterly payments directly to the IRS on the 15^th of the following months, April, June, September, and January.

Tax Season 2012 FAQs: Entry 12

Beyond Typical Tax Topics — Sat, 14 Apr 2012 05:59:00 GMT

I owe taxes but am unable to pay in full by the deadline. What can I do?

If you owe taxes but cannot pay in full, file your return by the deadline, which is April 17, 2012. Send the amount of money that you can afford to send with your return. You can then arrange an extension of time to pay or a payment plan to pay the remaining balance, if needed. Keep in mind that you will be subject to interest and penalties on the unpaid balance.

Today's Employer Tax Tip

Beyond Typical Tax Topics — Fri, 13 Apr 2012 06:15:00 GMT

If you are a semi weekly depositor who has incurred payroll between the dates of April 7 through April 10, your payroll tax deposits are due today.

These deposits can be made through EFTPS online at www.eftps.gov

Tax Season 2012 FAQs: Entry 11

Beyond Typical Tax Topics — Thu, 12 Apr 2012 06:00:00 GMT

I am unable to prepare my return. Can the IRS prepare the return for me?

If you are near a local IRS office, if you meet certain guidelines, you may take your documentation in to have the return prepared for you. Contact the IRS at 1-800-829-1040 for more information and the address to your nearest location or visit the IRS website at www.irs.gov.

In addition, if you file certain forms and complete certain lines of the return, you can mail the return and the IRS will calculate the difference. In addition, you may be able to use other free resources such as VITA (1-800-906-9887), or TCE 1-800-906-9887 and AARP’s 1-888-227-7669 Tax Aide where a trained volunteer prepares your taxes or the Free File Alliance on the IRS website where you can prepare and transmit your return electronically for free.

For More Information:

Let IRS Figure Your Tax or Refund

Get Free Local Tax Prep From AARP's Tax Aide

Today's Employer Tax Tip

Beyond Typical Tax Topics — Wed, 11 Apr 2012 05:59:00 GMT

If you are a semi weekly depositor who has incurred payroll between the dates of April 4 through April 6, your payroll tax deposits are due today.

These deposits can be made through EFTPS online at www.eftps.gov