Posts tagged as:

IRS

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If You’re in Debt to the IRS, Be Wary

by Mike Periu on April 22, 2013

in Small business

One of the scariest types of correspondence that a small-business owner can receive is a request from the IRS for more information. In many cases, this could lead to an audit which requires payment of back taxes, interest and penalties.
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La declaración de impuestos vence el 15 de abril. Si todavía no has llenado y enviado tu declaración, aún tienes tiempo para hacerlo bien. ¡No hay por qué desesperarse! Casi la mitad de consumidores esperan para llenar su declaración a pesar de que se podía enviar desde finales de enero.
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The Two Most Important Days in April

by Mike Periu on April 9, 2013

in Small business

Eva Rosenberg at MarketWatch brings up a great point—everyone thinks that April is tax month because returns are due on the fifteenth. While that’s true, it’s only one of the several tax return deadlines that affect small-business owners over the course of the month.
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The difference between what the Internal Revenue Service believes taxpayers owe and what they actually pay is referred to as the tax gap. Given the strained financial position of the U.S. Federal Government, the agency is now turning to a new resource to make it more difficult for taxpayers to perpetuate [...]

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File Early! Tax Tips for 2013

by Mike Periu on February 28, 2013

in Apperances, News and updates

Utter the word “taxes” and you’ll get a shudder from most Americans across the country.
While the filing deadline for personal income taxes may not be until April 15th, both financial experts and your average Joe will tell you that this is one area where procrastination should be avoided at all costs.
For Latinos, who [...]

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Drug dealers and other criminals are exchanging their guns for laptops, in what is considered the safest and most profitable scam taking place today: tax refund fraud. Perpetrators steal or purchase the identities of potential victims, including social security number, date of birth and address.
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Tax season is here, and with it might come new questions about your taxes or financial situation. One of the most common misconceptions among members of the Hispanic community is that you need to pay someone to prepare your taxes in order to get your biggest refund.

This can be very costly in [...]

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10 tips to make filing your taxes a breeze

by Mike Periu on February 17, 2013

in Small business

It’s that time of year again. Time to get your taxes done.
“Tax time is a stressful time, although it doesn’t need to be,” says bilingual finance and management expert, Mike Periu.
Here are 10 tips he provides to make tax time a bit more enjoyable:
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Simple Tax Error Could Cost You Thousands

by Mike Periu on February 14, 2013

in Small business

The devil is in the details is the lesson from David and Veronda Durden who were denied a $25,000+ deduction on their tax returns for a charitable contribution they made to their church. Why? Because of a simple technicality. The IRS disallowed the deduction, increasing their tax liability by thousands of [...]

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“Only in America” can a Turkish dairy farmer come to learn English, start a small business with borrowed money and become a billionaire in five years while beating the pants off of Fortune 500, writes Bryan Gruley of Bloomberg Businessweek.  That’s the life story of Hamdi Ulukaya, founder and sole owner [...]

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