taxes
2 paths to an easy tax season
You just picked up a letter from the IRS in your mailbox. You want to believe they’ve written you a thank you for last year’s prompt tax remittance. After you snap out of it and open the letter, you realize the IRS will be trudging through your return from three years ago. Three years ago was year 2 of your business—the year you tripled your income. You have no recollection of the return, the CPA who prepared it, much less where you put your copy of the return and the paper trail that supports it.Read More >>
I can't afford to pay my taxes - What do I do now?
It's nearly April 15th and you are panicked because you have completed your return only to find that you in fact owe taxes. The worst part is, you don't have the cash to pay them. Don't worry, you are in the same boat that many Americans are in every year.Read More >>
Tax gratitude: is it possible?
Preparing for tax-time can be severe. Trying to estimate what I will owe, I decide it's best to go with worst case scenario. No magic wand in hand, a number is picked from the sky. Amazingly I've overshot my estimate by quite a bit, or so says my accountant. Oh, sweet relief. Two weeks later, dismay takes over as the final report arrives, and it is to-the-penny the same amount as my random, what-do-I-know number.Read More >>
