The Opposite Approach: Accelerate Taxable Income and Defer Deductions
Typically, businesses want to delay recognition of taxable income. They also want to accelerate deductions. But when is it prudent to do the opposite?
Understanding What Innocent Spouse Relief Is, and Whether You Need It
What happens if your spouse is a tax cheat, and you unknowingly signed a joint tax return. Are you responsible or can you receive innocent spouse relief?
Managing Out-of-State Employees: How to Handle Payroll Taxes
Do you have employees living in different states from where your business is located? This can create additional challenges for you around payroll taxes.
Are You Cheating on Taxes? Here's What Could Happen
Cheating on your taxes has unpleasant consequences. These consequences include monetary penalties and the possibility of jail time for blatant cases.
Owe the IRS Money? How Long Is the Statute of Limitations?
For most taxpayers, the IRS has three years from the date of filing the returns to examine them. This period is termed the statute of limitations.
How Long Should You Keep Old Tax Records?
This is a common question: How long must taxpayers keep copies of their income tax returns and supporting tax records? And Fiducial has your answer.
The 2022 IRS Interest Rate Hike Went Live April 1st
Are you required to pay quarterly estimated income tax? Then, a recent interest rate hike imposed by the IRS may directly impact on you.