If you had to guess the biggest MISTAKE Georgia Entrepreneurs make what would it be?
Believe it or not it is as simple as Filing your returns LATE.
And the IRS are PILING up those late fees!
- LLC Income Tax (Single Member), Due April 15
- LLC Income Tax (Multi-Member), Due April 15
- S Corporation Income Tax, Due March 15
- C Corporation Income Tax, Due March 15
- Form 1099-MISC, Due to the Recipient on January 31 and to the IRS on February 28
Why pay Uncle Sam more than you have to?
Instead why not SCHEDULE an appointment NOW to start working on your taxes so that we can get them off to the IRS BEFORE the deadline?
Free, Verner H CPA
4000 Smithtown Rd # 180,Suwanee, GA 30024-6560
Bad News For Early Bird Tax Filers as the IRS Delays 2012 Tax Return Accepatance
The early bird gets the worm.
Except this year the early bird will need to WAIT 8 more days until Jan 30,2013 to send in their 2012 taxes to the IRS.
The IRS will not accept electronic tax returns that are filed before this date of January 30.
Why the DELAY?
“Like many Americans, the federal agency was at the mercy of lawmakers debating a fiscal cliff deal. Because that deal was reached in a last-minute fashion, the IRS has had to delay tax season so it can update forms and computer systems to accommodate tax law changes, according to David Stewart, IRS spokesman.
“We had to wait for the tax laws to pass, and then we had to get our systems up and running,” he said.” source
Now this doesn’t mean that you can’t set an appointment to have your tax returns in Suwanee started now.
In fact nothing would make us happier than to get the ball rolling now.
Free, Verner H CPA
4000 Smithtown Rd # 180,
Suwanee, GA 30024-6560
The friendly folks in Kansas City thought they were in good hands when they hired a certain Carlos Income Tax Services to handle their tax returns.
That is until the Justice department got involved. Did you know that in the last 10 years the Justice department has obtained injunctions against 425 tax preparers and fraud promoters.
Their allegations? Unlawfully understate income tax liabilities by:
- under-reporting income
- inflating business expenses
- claiming improper deductions for nondeductible personal expenses.
- unlawfully advising customers to fabricate business income in order to maximize tax refunds
How can you protect yourself? Continue reading