Feeling nervous about filing your taxes? Feeling stressed as you fill out the paperwork? Maybe you think that you have done it all correctly, but you’re just worried. It’s the same fear you feel when you pass a police car on the road. You know that the tax authorities...
Working The Puzzle From All The Angles
Month: March 2020
The IRS has extended the 2020 tax filing deadline to July 15
On Behalf of Demetrius J. Karos, Ltd. | Mar 23, 2020 | Tax Law
Traditionally, April 15 is tax day. Prior to the rise of digital filings, the post office would often have long lines on the 15th or the next business day if the 15th fell on a weekend. The Internal Revenue Service (IRS) expects that all Americans file an annual...
Will your attempts to limit your taxes constitute tax evasion?
On Behalf of Demetrius J. Karos, Ltd. | Mar 12, 2020 | Tax Evasion
For many successful people, limiting the amount that they pay in taxes is a point of personal pride. Tax avoidance is as American as apple pie in the eyes of many people, including workers, investors and business owners. What you don't pay in taxes goes back into your...
What if you can’t pay your taxes this year?
On Behalf of Demetrius J. Karos, Ltd. | Mar 3, 2020 | Tax Law
Tax season produces a lot of anxiety for small business owners and freelancers alike. You know that, unless you managed to guess your profits very closely, the odds are high that you owe the taxman a pretty big check. What if you can’t pay? First: Don’t panic. You...
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