The Easiest Way to Survive an IRS Audit is to Get Ready in Advance
IRS audit rates are historically low, according to the latest data. However, that’s little consolation if your return is among those selected.
Tax Penalties Can Add Up--Ask Fiducial How to Avoid Them
Most taxpayers don’t mean to incur tax penalties. Many are not aware of the penalties or their impact. Let’s look at some penalties and how to avoid them.
Good Records Key to Tax Deductions and Trouble-free IRS Audits
You should record expenses to claim the full amount of tax deductions you’re owed. Also, make sure you can defend your tax returns if audited by the IRS.
Steer clear of the Trust Fund Recovery Penalty
If you own or manage a business with employees, you may be at risk for a severe tax penalty. It’s called the “Trust Fund Recovery Penalty.”
Tax Due Dates for Businesses and Individuals in July 2020
July is a busy month for taxes in 2020! The IRS extended many tax due dates from April 15th to July 15th. So, this is the month when many taxes are due..
Have an Amended Tax Return or Tax Liability? Don’t Wait to Repay
Hoping to get a refund from a previous year’s amended tax return? Have a tax liability? Then, listen up! Fiducial has some info for you.
Small Business COVID-19 Resources (PPP, SBA Loans, Tax Updates, and More)
To keep you up to date and manage your business during this time, Fiducial has created the Coronavirus COVID-19 Update Center to help manage your business.