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Don’t Miss Paying Your Estimated Taxes – IRS Increases Penalty for Underpayment of Taxes

Posted in Small Business, Tax News on December 20, 2023

Local Manchester, CT CPA firm Borgida & Company warns clients about missing making payments for estimated taxes and IRS penalties. The Surprise Bill Coming to Those Who Underpay Their Taxes- The IRS penalty for shortfalls jumps to 8% …

Tagged with: Accounting Firm, ct accountanting, Estimated Tax, Estimated Tax Payment, estimated tax vouchers, irs penalties, Manchester

6 Easy Steps to Navigate an IRS Audit and Save You (Tax) Money

Posted in Tax News on September 11, 2012

1) Determine if this is an IRS Field, Office or Correspondence Audit With a Field Audit, the audit will be done at your place of business. Most taxpayers requests that the audit be moved and done at your CPA’s office.…

Tagged with: Attorney, Audit, Audit Appeal, Auditors, Books & Records, Certified Public Accountant, Correspondence Audit, CPA, IDR, Income Tax, Income Tax Deductions, Information Document Request, Internal Revenue Service, Internal Revenue Service Audit, IRS, IRS Audit, IRS Auditors, IRS Correspondence, IRS Field Audit, IRS Office Audit, irs penalties, Power of Attorney, Tax Deduction

3 Reasons To File IRS Form 8938, Statement of Specified Foreign Assets

Posted in Tax News on February 8, 2012

1) You have a “Specified Foreign Financial Asset” which exceeds the filing requirements Financial Assets that are subject to this form are: A Financial Account maintained by a foreign institution and the following assets not held in an account with…

Tagged with: extension, FBAR, Financial Asset, foregin institution, foreign account, foreign asset, Form 1040, Form 4868, form 8938, Form TD F 90-22.1, Income Tax, income tax extension, Income Tax Penalty, Internal Revenue Service, IRS, irs penalties, Married Couple, Married Filing Jointly, October 15th, Offshore Accounts, Penalty, Stock, Tax Penalty, Taxpayer, Treasury Department

Branford, CT 203.208.0572
Glastonbury, CT 860.646.2465
Niantic, CT 860.739.5459
Storrs, CT 860.429.7885

Blog Archives

Don’t Miss Paying Your Estimated Taxes – IRS Increases Penalty for Underpayment of Taxes

6 Easy Steps to Navigate an IRS Audit and Save You (Tax) Money

3 Reasons To File IRS Form 8938, Statement of Specified Foreign Assets

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Branford, CT 203.208.0572 Glastonbury, CT 860.646.2465 Niantic, CT 860.739.5459 Storrs, CT 860.429.7885

Blog Archives

Don’t Miss Paying Your Estimated Taxes – IRS Increases Penalty for Underpayment of Taxes

6 Easy Steps to Navigate an IRS Audit and Save You (Tax) Money

3 Reasons To File IRS Form 8938, Statement of Specified Foreign Assets

Search

Links

Latest News

Categories

Get Free Tax Tips

Branford, CT 203.208.0572
Glastonbury, CT 860.646.2465
Niantic, CT 860.739.5459
Storrs, CT 860.429.7885