tax season

Tax Season Recap and Myth-Busting

For the majority of tax filers, tax season is over. April 15 marked the last day to submit your return – unless you filed an extension. So, how’d the season go? Below is an industry-wide recap plus a little tax filing myth-busting insight.

Form 1099-MISC vs. Form 1099-K: What’s the Difference?

At the beginning of every tax season, you receive informational tax forms in the mail from your places of employment, financial institutions and all other organizations you did business with throughout the year that the Internal Revenue Service wants t…

How Long Should I Keep My Tax Return?

Your taxes are filed, so you can now breathe a sigh of relief. Right? Well, almost. After filing taxes, most people are quick to toss their records aside with little consideration. But it is just as important to file your tax records away properly as i…

5 Reasons to File a Tax Extension

If you need more time to file your taxes this year, the IRS allows you to file an extension. That gives you an extra six months to complete your return. And while filing an extension doesn’t prevent you from having to pay your tax bill by the deadline,…