Tax Deadline Delayed Until May 17 — Should I Wait or File Now?

It’s true what they say, that nothing is for sure but death and taxes. However, this year we get a little reprieve from the latter. Due to the global COVID-19 pandemic, the IRS has extended the tax filing deadline from April 15 to May 17, giving filers an additional month to get their financial affairs in order.  While the procrastinators […]

How To File Taxes: An Ultimate Guide To Filing Taxes In 2021

The big news this tax season is that the deadline for filing has been pushed back from April 15th to May 17th. This decision was made in light of the ongoing coronavirus pandemic, and it gives taxpayers a little more time to file their taxes.  That said, it never hurts to start preparing a little early. […]

How to Stay Away from the Dark Side While Considering a C Corporation

Back in 1980, over 50% of businesses filed as C Corporations or a corporation in which the shareholders are taxed separately from the entity.  However, the number of businesses choosing the structure of a C-corp has been steadily declining, and most U.S. businesses today do not pay the corporate income tax. Instead, they’re what’s known as pass-through businesses, […]