Even though tax season has passed, now is the perfect time to review your tax withholding and prepare for next year. Learn how the IRS Tax Withholding Estimator can help you avoid surprises, adjust your take-home pay, and account for life changes like a new job, home purchase, or growing family. Proper planning today can help make next April smoother and less stressful.
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Nonprofits enjoy tax-exempt status, but they still face important IRS requirements. Learn how nonprofit taxes work, including Form 990 filing and ongoing compliance.
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Understanding tax filing deadlines and extensions can help you avoid penalties and stay on track. Knowing when returns are due, how extensions work, and what happens if you file late can make managing your taxes more straightforward and less stressful.
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IRS tax scams in 2026 are becoming more sophisticated, with new schemes targeting unsuspecting taxpayers. By understanding the IRS Dirty Dozen list and recognizing common red flags, you can better protect yourself from fraud, identity theft, and costly mistakes.
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Knowing how to organize for tax season can save time, reduce stress, and help ensure you don’t miss important documents or deductions. With income statements, 1099s, and other tax forms arriving in the early months of the year, preparation is key. Taking a proactive approach before paperwork starts piling up makes the filing process smoother and more efficient.
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The IRS postmark rule determines whether a tax return is considered filed on time based on the date it is mailed rather than the date it is received. A postmark is an official USPS mark that cancels the stamp and indicates when the Postal Service received the envelope. Understanding how the IRS postmark rule works is essential for avoiding late-filing penalties and protecting your compliance with tax deadlines.
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As the unemployment rate falls from its 2020 high, employees are switching jobs in record numbers. The new stability in the economy means workers have more leeway to shop around for jobs that fit their lifestyles, needs, and values. But if you're one of the many employers expanding their benefits, how do you pay taxes on your new programs?
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Before hiring employees, opening business bank accounts, or filing certain tax returns, you may need an Employer Identification Number (EIN). Understanding when it’s required can help you avoid costly compliance issues.
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Many taxpayers lose valuable charitable deductions each year because they don’t meet IRS documentation requirements. Understanding the charitable contribution written acknowledgment rules is essential before filing your return.
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Welcome to the October Tax & Accounting Edition of the Siepert Newsletter!
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