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Small Business Filing Deadline Approaching Fast Form W-2s and 1099-MISCs are Due Jan. 31
Small Business Filing Deadline Approaching Fast Form W-2s and 1099-MISCs are Due Jan. 31 If you own your own business or have a side business in addition to your regular job, you may need to send out several IRS forms by Jan. 31 this year. The deadline is for forms you issue to employees and others who were paid as part of your business activities throughout the year. These W-2 and 1099-MISC forms will have to be postmarked or sent electronically to both the IRS and the person you did business with on or before Jan. 31, otherwise you may
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There’s Still Time to Fund Your IRA
There’s Still Time to Fund Your IRA Looking for a last minute way to reduce last year’s taxable income? Consider funding a Traditional IRA or Roth IRA. Here is what you need to know Remember that you have until you file your tax return to make a contribution to a Traditional IRA or Roth IRA for the 2016 tax year. The annual maximum contribution amount is $5,500 or $6,500 if you are age 50 or over. However, if you or your spouse are an active participant in an employer’s qualified retirement plan, you may not be able to contribute the
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Reminder. 4th Quarter Estimated Taxes are Now Due – Now is the time to make your estimated tax payment
Reminder. 4th Quarter Estimated Taxes are Now Due – Now is the time to make your estimated tax payment Plan now to make your 4th quarter estimated tax payment If you have not already done so, now is the time to review your tax situation and make an estimated quarterly tax payment using Form 1040-ES. The fourth quarter due date is now here. Normal due date: Tuesday, January 17, 2017 Remember you are required to withhold at least 90% of your current tax obligation or 100%* of last year’s federal tax obligation. A quick look at last year’s tax return
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