FAQs

Q: Is it a “red flag” if I file an extension? How do I do this?

Q: What if I simply have no idea how much I need to send in with my extension request? How can I “guess” at it?

Q: How should I start to prepare now for the upcoming filing season?

Q: What kind of documentation should I keep on my charitable contributions in case of an audit?

Q: Can I donate my services to a charity and deduct that on my tax return?

Q: Does my business have to actually hire laborers as actual employees or can I just treat them as independent contractors and issue them a 1099 each year? What are the rules?

Q: What are the most commonly missed deductions on tax returns?

Q: Isn’t the home office deduction an IRS “target?”

Q: What is the difference between organizing my business as an LLC verses an S corporation and which is more tax-advantageous?

Q: I want to incorporate my business as an S corporation but have missed the deadline. Can I still do this somehow?

Q: I have gotten behind in filing my tax returns or I owe a lot in back taxes and can’t afford to pay. What are my options? Will the IRS work with me? What about the state?

Q: What ways can I run my health insurance through my business?

Q: Which retirement plan platform is best for my sized business to implement?

Q: Should my business hire my children and spouse?

Q: My business is just starting and I am trying to watch all costs. I know I need to have payroll and I know I need to incorporate, but can I just do that myself to save money?