If you fail to meet the IRS deadline for filing your taxes, you could potentially be subject to late filing penalties, unless you have filed a request for an extension. Here’s an overview of what you should know about what could happen after filing taxes late in Union City, NJ. Getting an extension In general, it’s best to file your taxes as early as possible, both so you can get your hands on your tax refund and so you can address any issues that might arise in your tax return as you fill it out. However, should you find yourself... View Article
We’ve all had that “oh no” moment after sending a crucial document and realizing there’s an error. What if you’ve made a mistake during your income tax return, or get some new information that throws the whole thing off? Can you amend your tax return after filing in Union City, NJ? What happens if I have already mailed it? If you’ve already mailed your return or have sent it electronically, that’s it—at this point, you can’t make any changes before the IRS receives it and evaluates it. The only exception is if the IRS automatically rejects it electronically—then you can... View Article
For the majority of working Americans, filing our annual taxes is a rite of passage that pretty much no one looks forward to. If you’ve ever wished that you didn’t have to file taxes, you’re not alone. However, even if you aren’t legally required, there might be something in it for you. Not everyone has to file taxes, depending on their income level—but there might be some reasons that you choose to do so regardless. Should you file taxes this year in Union City, NJ? Here’s how to decide. Income requirements If you’re single and making under $13,850 if over... View Article
In the majority of states, notary seals are required to contain certain information, including the name of the notary public, the words “notary public” and the specific date when the notary public’s commission will expire. But what happens if that seal date on the notary stamp has expired already? Typically, upon expiration of the notary stamp, the notary must renew that commission with the Secretary of State. However, there is a common misconception that an expired commission seal date means the notarized document has become invalid. This is not necessarily true—if the notary notarized the document before that commission seal... View Article
There comes a time for most business owners when staying on top of the business’s finances yourself becomes too much to handle in addition to all of their other duties. Working with a business accountant, whether it’s someone you hire directly to your team or a third-party accountant you work with on an ongoing basis, can provide a lot of value to your company and help you place your focus on other areas of your business, where you are more needed. But how can you narrow down your search to choose a business accountant in Union City, NJ who is... View Article
