About Cara Smith

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So far Cara Smith has created 14 blog entries.

C Corporations now have an extra month to file Federal tax return

Starting this year, many C corporations have an additional month to file Federal tax returns.  Previously C corporations using a calendar year-end had to file by March 15.  Beginning with 2016 returns, that date is now April 15.  Such corporations can also request an automatic extension of time to file the tax return.  While the [...]

By |2017-02-08T10:08:18-06:00February 8th, 2017|Tax|Comments Off on C Corporations now have an extra month to file Federal tax return

Earlier deadline to file Form W-2s and 1099-MISC

W-2s and 1099-MISC reporting Non-Employee Compensation are now due to be filed with the IRS by January 31, 2017.  This earlier deadline is aimed to make it easier for the IRS to detect and prevent refund fraud.  The earlier due date will allow the IRS to match data filed by employers to those amounts reported [...]

By |2017-01-10T13:46:28-06:00January 10th, 2017|Tax|Comments Off on Earlier deadline to file Form W-2s and 1099-MISC

Year End Planning for 2016

As 2016 draws to a close, add year-end tax planning to your "to-do" list.  Many overlook end-of-the year tax planning and the money savings benefits it can provide.  There is very little that can be done after December 31st to reduce taxes, so it is important to look at your tax situation before the end [...]

By |2016-12-14T11:53:48-06:00December 14th, 2016|Tax|Comments Off on Year End Planning for 2016

How to Pay Your Taxes Electronically

Options to Pay Federal Taxes Electronically   IRS Direct Pay                    https://www.irs.gov/Payments/Direct-Pay This service is for individuals only and offers a free, secure electronic payment method through the IRS” website.  IRS Direct Pay requires individual to provide information on previously filed return and answer questions aimed to authenticate the individual.  Payments can be scheduled [...]

By |2016-03-28T17:49:51-06:00March 28th, 2016|Tax|Comments Off on How to Pay Your Taxes Electronically