News & Articles

Should You Extend Your 2019 Tax Return?

Posted on Thu, Feb 27, 2020

Roughly 15 million individual taxpayers filed for an automatic six-month extension for the 2018 tax year, according to the IRS, compared with about 10 million people in previous years. Why did the number of extensions surge last year? Most changes under the Tax Cuts and Jobs Act went into effect in 2018. So, many people who filed an extension weren't just procrastinating — they were taking extra time to digest the 2017 tax law.

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Tags: Tax Extension, Tax Return

10 Elections That Could Save Money on Your 2015 Federal Taxes

Posted on Tue, Jan 26, 2016

This year's presidential election has drawn significant attention, but the elections you make on your 2015 personal tax return can be just as important to your financial welfare. Here's a list of 10 potential elections for individuals (including self-employed taxpayers) to consider making before tax day on April 18, 2016 (or April 19 for taxpayers in Maine and Massachusetts due to their Patriot's Day observances).

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Tags: Tax Extension, Sales Tax, Section 179 Deductions, Education Credits, Investment, Tax Deduction, Home Office Deductions, Mileage Rate

What Does the Federal Government Shutdown Mean for Taxes?

Posted on Wed, Oct 16, 2013

As Congress continues to debate the federal government shutdown, the IRS has issued an announcement, providing details about tax filing deadlines, available assistance from the tax agency, and services that will not be accessible until normal operations resume. Continue reading to receive answers to questions you may be asking. 

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Tags: Michigan State and Local Tax (SALT), Filing Taxes, Tax Extension, Government Shutdown, business consulting, CPA Firm, Articles, Echelbarger, Tax Return, EHTC, Taxes

Buried in Tax Paperwork? What Can You Throw Away?

Posted on Mon, Apr 22, 2013

Once you file your 2012 tax return, you can clear away some of the paperwork cluttering up your files. But save essential records that can protect you during an IRS audit, help you collect a future refund, or assist you with filing next year. What records should you keep and which ones can you throw away? How long do you have to hold onto certain records? We'll provide the answers in this article.

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Tags: Tax, State and Local Tax, Tax Extension, Michigan Business Tax, CPA Firm, Articles, Tax Return, EHTC

Employers: Gain Extra Time to Claim the Work Opportunity Tax Credit

Posted on Mon, Mar 25, 2013

The IRS is giving employers extra time to file a form required to claim the Work Opportunity Tax Credit (WOTC) for eligible employees. Employers now have until April 29, 2013 to file the IRS form that is required to claim the valuable tax credit. This article has the details about the IRS relief and the steps an employer must take to claim the valuable credit.

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Tags: Corporate Income Tax, Tax Extension, IRS, CPA Firm, Articles, EHTC, Tax Credits