Filing for a tax extension is a common, accepted, and routine practice for many taxpayers. Every year, millions of individuals and businesses (including Hellam Varon and all its shareholders) request automatic extensions to allow more time to gather information and file accurate tax returns. For individuals, an extension moves the filing deadline from April 15th […]
Tax Extensions: A Normal Part of the Filing Process Read More »
The Antio case refers to a Washington Supreme Court case (Antio LLC v. Department of Revenue) involving the Business & Occupation (B&O) Tax and how it applies to investment income in Washington State. Investment income includes gains realized from trading in stocks, bonds, or other evidences of indebtedness, interest income, dividends, and other investment related
Antio Case – B&O Tax and Investment Income Read More »
As the calendar year comes to a close, businesses should take time to review their books, verify records, and prepare for tax reporting. Staying organized at year-end not only supports compliance with IRS requirements but also makes tax preparation smoother and helps business owners start the new year with accurate financial information. Below are key
Annual Bookkeeping Reminders: A Year-End Checklist for Businesses Read More »
As the calendar year closes and the new filing season approaches, employers and payers must prepare to comply with IRS information reporting requirements. The primary areas of focus at year-end include issuing Forms W-2 for employees, Forms 1099 for non-employee payments, and properly reporting fringe benefits provided to employees. Understanding IRS rules and deadlines helps
Year-End Reminders for W-2s, Fringe Benefits, and 1099s Read More »
