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Monthly Archive for: ‘May, 2021’

  • Tax Form Pic

    Important Tax Deadlines

    2021 individual quarterly estimated federal tax payments are due June 15, 2021, September 15, 2021, and January 17, 2022 for the remainder of the year. The extended business tax deadline is September 15, 2021 and the extended individual tax deadline is October 15, 2021. In …

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  • Tax Form Pic

    Options if Taxes are Owed and Payment Can’t be Made by the Due Date

    The vast majority of Americans get a tax refund from the IRS each spring, but what if you are one of those who ends up owing? The IRS encourages you to pay the full amount of your tax liability on time by imposing significant penalties …

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    How You Can Defer Taxes with Installment Sales

    Selling a property one has owned for a long period of time will frequently result in a large capital gain, and reporting all of the gain in one year will generally expose the gain to higher than normal capital gains rates and subject the gain …

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    Start-Up Expenses You Can Write Off For a New Business

    Unfortunately, as a result of the COVID pandemic many small firms have gone out of business. Fortunately, with the help of vaccines, new businesses will be opening as the economy returns to near normal. New business owners, especially those operating small businesses, may be helped …

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