Filing my Form 1065 U.S. Return of Partnership Income is getting to be a bit of a drag each year. If I do this right, I’ll have to file one more set of 1065s, in March 2024, and that’s it. Late 1065 filing that isn’t actually late 1065 filing We have two limited liability companies … Read more
Taxes are upon us. Again. I guess we all have reason to be thankful when we have the income to be taxed, but I doubt many of us would put filing tax returns high on our lists of great ways to spend time. I’m not an early filer, but at least I’m an on-time filer … Read more
Needing to prove that you filed your taxes on time? Here’s how I showed timely filing … If you mail your taxes, send them Certified Mail, and keep your receipts. You’ll need these receipts to prove timely filing, and the best thing to do is fax them when you call. I’ve talked a number of … Read more
The IRS is watching your crypto! Learn how I calculated my cost basis for cryptocurrency taxes … So how about that cryptocurrency, huh? It’s been on a bit of a wild ride lately. I just heard a few days ago that someone I knew had invested in some Dogecoin and had earned enough on the … Read more
I thought I filed my 2019 business taxes on time. This week I got a belated surprise from 2020 … It’s plainly obvious that 2020 was a tough year. Things got rough in most of the US around February / March. Social distancing and gathering restrictions happened very quickly and many normal business and government … Read more
Taxes getting close? Does filing your taxes fill you with dread? It can, especially if you don’t know what you’re doing. Get some help! (This post was originally published on March 31, 2009.) The first three and a half months of the year can have a lot of good memories. It’s safe to say that … Read more
Tax forms. Yay. But not getting the proper forms before you file will get you a note from the IRS … Mid-April is often a stressful time in our household. It’s when my mother-in-law’s birthday is. (Just kidding. My mother-in-law and I get along great.) It’s stressful because that’s when taxes are due! I have … Read more
Getting tax compliance notices from the IRS stating that you owe large amounts of money isn’t fun. It doesn’t hurt to call them about it … I received two letters from the IRS over the weekend. These weren’t pleasant letters, as in, “We caught an error on your return and we owe you a larger … Read more
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