September 2023 Tax Planning Opportunity September is an opportune month to form an LLC or Corporation for 2023. Whether you are ready to launch a new business idea or have a skill or hobby that can translate into a side business, now is the time to set that up for one of the most effective […]
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File S-Corp.s & Partnerships by September 15th – Final 2022 Deadline!⏰
The final deadline to file S-Corp.s & Partnerships is September 15th, 2022. If you are on extension for these business entities, please schedule your tax preparation now, as soon as possible before the September 15th deadline. There are no further extensions. Call us at 310.398.3231 to start the process. S Corporation and Partnership Tax […]
File Or Request Extension By March 15, 2022: S Corporations & LLCs taxed as S-Corp. (1120S) & Partnerships (1065)
File by March 15th or Request an Extension for S Corporations & LLCs taxed as S-Corp. (1120S) & Partnerships (1065) Amid the pandemic distractions and global tension, the March 15th tax filing deadline for S-Corp.s and Partnerships is quickly approaching. If you are scheduled for tax preparation before March 15th, let’s finalize your filings if […]
October 15th – Final Deadline: Individual (1040) and C Corp. (1120) Tax Filings
Individual (1040) and C Corp. (1120) tax returns and payments were due July 15th. If your personal filings are on extension, please reach out to us to finalize by October 15th! We are working almost exclusively by phone or video conference, remotely, securely, and effectively. Please contact Brenda@taxplus.com or call 310.398.3231 to request a phone […]
Will I Have To Pay The IRS For My Tax Debt Forever?
A frequent question we often hear is “Can the IRS collect my tax debt from me for the rest of my life?” Fortunately, the answer is no. The IRS has 10 years to collect any taxes you owe. The 10 years starts to run from the date the IRS first assesses the taxes against you. […]
How Do I Qualify For An Offer In Compromise?
An Offer in Compromise (OIC) allows you to settle your tax debt for less than the amount you owe. However, just because the IRS accepted an OIC for your neighbor, co-worker or friend, does not mean that you will necessarily qualify for an offer. An OIC may be an option for you if you can […]
Tax Implications Of The Sharing Economy
If you are an Uber or Lyft driver, rent out a room through Airbnb or provide a number of other goods or services through an online platform, you are involved in the “sharing economy.” This is also known as the on-demand, gig or access economy. In the last few years, the sharing economy has emerged […]
