Learning Center : Articles

Tax Filing Deadline Rapidly Approaching

Article Highlights: Balance due payments Contributions to a Roth or traditional IRA Estimated tax payments for the first quarter of 2016 Individual refund claims for tax year 2012   Just a reminder to those who have not yet filed their [...Read More]

Published: April 5th, 2016

Automatic Tax Filing Extensions Available

Article Highlights: Form 4868 Late Payment Penalty Taxpayers Residing Abroad Retirement Contributions Estimated Tax Payments Foreign Bank Account Reporting A taxpayer who needs more time to complete his or her 2015 individual tax return can request an automatic six-month extension. [...Read More]

Published: April 5th, 2016

Must I, or Should I, File a Tax Return?

When You Are Required to File Self-Employed Taxpayers Filing Thresholds Consequences of Not Filing Benefits of Filing Even When Not Required to File Refundable Tax Credits This is a question many taxpayers ask during this time of year, and the [...Read More]

Published: April 5th, 2016

Penalty for Not Having Health Insurance Surprises Many

Article Highlights: Penalty Being Phased in Over Three Years Larger of Two Amounts Flat Dollar Amount Percentage-of-Income Amount Penalty Applied by Month Many taxpayers are surprised by the size of the penalty being imposed for not having health insurance in [...Read More]

Published: April 5th, 2016

Don’t Have a Retirement Plan? Maybe a SEP Is the Answer.

Article Highlights: What Is a SEP? Contribution Limits Employee Coverage Requirements How to Establish a SEP SEP Distributions If you are like many small business owners, you probably find the year-end period to be a very busy time. You can’t [...Read More]

Published: April 5th, 2016