If you run a small business, you want to make sure that you get your books ready for next tax season. There are a few things that you can do to ensure that your books are ready for 2018. #1 Make Sure You Are Not Underpaying Your Taxes You don't want to underpay your taxes as a small business owner. As a small business owner, you have to pay estimated taxes to the IRS.

For many taxpayers, simplifying the process of preparing their income taxes is a goal that seems unachievable most of the time. But, while you can't control how the IRS or Congress design income tax requirements, there are some things you can do to help make your personal tax filing easier. Here are five ways: Update Addresses. Notifying your (current and previous) employers and anyone else from whom you expect to receive a tax form that you've moved is no fun.

As the year ends and tax filing season approaches, every taxpayer wants a speedy filing process and a quick refund. And while you cannot prevent all delays by the IRS or your state agency, you can do a few things to help make sure you don't experience unnecessary delays. Here are 4 top ways to do just that: Get Your PIN Letter. With more and more taxpayers suffering from actual or potential identity theft or fraudulent tax filings, it's increasingly likely that you'll find yourself receiving a PIN number with which to file your tax forms.

If you get stressed out at tax time, you may be looking for changes to make in your regular habits. WIth careful planning and consideration, you can avoid serious tax problems and have a lot less stress at tax time. Keep reading to better understand some of the steps that you can take to avoid tax problems.  Get Your Financial Affairs Organized Many individuals are disorganized when it comes to their finances.

Individuals who receive a letter from the IRS usually stop whatever they are doing to scrutinize that particular piece of mail. The IRS routinely sends out various types of letters, many of which simply provide helpful advice about a possible unclaimed benefit. Other letters, however, are audit notices that demand certain actions within a specified time frame in order to avoid an additional tax assessment. Correspondence audits conducted entirely through the mail typically request some form of documentation to support claims made on a tax return.

If you're setting up your estate you are making an incredibly wise move.  Laying out an estate gets your affairs in order, allocates who will receive which belongings and can also give you a tremendous amount of peace of mind.  Although you may have thought of using professional services to set up your estate, you might have decided to go it alone.  It's at this point that you need to figure out exactly what to include to make your estate plans as thorough as possible.

Filing income taxes is not something most people enjoy, but it can result in a refund of money that will help improve your financial picture. Because taxes aren't fun, many people pay professionals to do it for them, but paying someone else to do your taxes may eat into that refund. Fortunately, there is an alternative that's getting easier and easier to take each year: filing taxes online for yourself through online services, such as FreeFileU.

Preparing and filing your taxes can easily be one of the least pleasant aspects of being an adult. In addition to being an unpleasant and complicated process, errors can be remarkably expensive as they could lead to a miscalculation of one's tax debt or they may even lead to expensive fines. Individuals that must file taxes for their businesses will find that these issues are particularly nuanced. By making sure that several basic guidelines are being followed.

Every year, millions of citizens dutifully file and pay their taxes to the IRS. However, hiding away in every state, sometimes behind an unlikely profile, are people who are refusing to pay their due taxes, avoiding filing returns, or even disregarding some parts of their income in order to keep their tax bill low. If you happen to know someone who is cheating the IRS at tax time, you could possibly make a profit by turning them in as a whistleblower informant for the IRS.