Taxpayer

Tax information about taxpayer, useful tips and resources to create tax strategies that will help you reduce taxable income.

How Long Should You Keep Tax Returns

How Long Should You Keep Tax Returns

Keeping track of your tax returns and related documents is an essential part of maintaining financial records. But how long should you keep these records? In this comprehensive guide, we will explore the guidelines provided by the Internal Revenue Service (IRS) regarding the retention of tax records. Whether you’re an individual taxpayer or a business …

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2023 Year End Tax Planning Strategies for Small Business Owners

2023 Year End Tax Planning Strategies for Small Business Owners

As the end of 2023 approaches, small business owners must start considering their annual tax obligations. Effective tax planning is a crucial component of any business strategy, and it can significantly impact your company’s financial health. This comprehensive guide will outline various 2023 year-end tax planning strategies that small business owners should consider to optimize …

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Estimated Tax Payments for Individuals

Estimated Tax Payments for Individuals

Estimated tax payments are a crucial aspect of managing your finances as a self-employed individual or business owner. Failing to calculate and pay your estimated taxes correctly can lead to penalties and potential audits. In this comprehensive guide, we will walk you through the process of calculating and filing your quarterly estimated taxes to ensure …

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Individual Estimated Tax Payment Due April 18

Individual Taxpayer – U.S. Individual Income Tax Return Due April 18 2023

The 2022 tax deadline for filing your Individual Income Tax Return is April 18th, 2023. Following are additional tax deadline extensions to this same date: Contributions to IRAs and health savings accountsPeople now automatically have until April 18, 2023, to make 2022 contributions to their: Individual retirement arrangements Health savings accounts Archer medical savings accounts …

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