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Posts from June, 2016

  • Upcoming Tax Deadlines June We 15 Individuals living outside the U.S.: File Form 1040. For automatic 4 month extension file form 4868 and deposit estimated tax. We 15 Pay the second installment of 2016 estimated tax -Use Form 1040-ES. We 15 Corporations: Deposit the second installment of your 2016 ... Continue Reading
  • Now is a Good Time to Plan for Next Year’s Taxes You may be tempted to forget about your taxes once you’ve filed but some tax planning done now may benefit you later. Now is a good time to set up a system so you can keep your tax records safe and easy to find. Here are some tips to give you a leg up on next year’s taxes: ... Continue Reading
  • How much you’ll pay if you don’t have health insurance If you can afford health insurance but choose not to buy it, you must pay a fee called the individual shared responsibility payment. (The fee is sometimes called the “penalty,” “fine,” or “individual mandate.”) You owe the fee for any month you, your spouse, or your tax ... Continue Reading
  • Five Facts about the Small Business Health Care Tax Credit If you are a small employer, there is a tax credit that can put money in your pocket. The small business health care tax credit benefits employers that: offer coverage through the small business health options program, also known as the SHOP marketplace have fewer than 25 ... Continue Reading
  • Things You Should Know about Filing Late and Paying Penalties April 18 was this year’s deadline for most people to file their federal tax return and pay any tax they owe. If you are due a refund there is no penalty if you file a late tax return. If you owe tax, and you failed to file and pay on time, you will most likely owe interest ... Continue Reading