Posts from 2012

  • Late Filing/Payment Penalties Just a quick note. Whenever you get a letter from the IRS saying that you owe penalties for late filing of your tax return (or late payment of the tax due), consider requesting that the penalty be waived. The IRS has something called a First Time Abate program in which they ... Continue Reading
  • Presidential Power Once again, comedy gold from this week’s Onion. A few choice quotes: Having won another four years in the White House, President Barack Obama will retain about the same amount of power as American multi-millionaire Mitt Romney, leading political scientists confirmed today. ... Continue Reading
  • 1099s It’s getting close to that time of year again. If you’re a business owner, I would recommend starting to compile the list of people that you’ve paid for services throughout the year and figure out who will be getting 1099s. They’re not due until the end of January, but you ... Continue Reading
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