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AREAS OF PRACTICE
AREAS OF PRACTICE
Common Tax Mistakes to Avoid When Filing Your Return
With only a few weeks left in filing season, the IRS released a list of common tax mistakes that taxpayers make each year when they file their tax returns. The list of tax-filing errors to avoid includes the following:
Mistakes happen. Paper filers are about 20 times more likely to make a mistake than electronic filers. If you make a mistake on your return, it will likely take the IRS longer to process the return, and any refund you may receive.
Most tax-filing mistakes are preventable. One way to avoid tax mistakes in filing your return is to hire a competent professional to prepare your return. Another is to use a little extra care in the preparation and filing.
The tax attorneys at the Politte Law Offices are here to help you if you have questions about filing your return. Please contact us today!
When are Legal Settlements Taxable?
More often than not, the taxability of an award or legal settlement is not on the forefront of a person’s mind when they are a party to a dispute or a lawsuit. Yet the tax implications of an award or legal settlement are important and should not be ignored, or there may be issues down […]READ MORE
What if a Contractor or Vendor Refuses to Provide a W-9 for a 1099?
In our last blog, Filing a Form 1099, we discussed business’s 1099 filing requirements. Here, we will discuss what a business should do if a contractor, vendor, or other person will not provide the information necessary for the business to prepare and file a 1099. If a business (including sole proprietors) pays a contractor, vendor, […]READ MORE
Filing a Form 1099
You have a business, and your business paid an independent contractor, vendor, or other person for services, goods, or rent sometime during the year. Perhaps you paid an accountant to do your bookkeeping, or an attorney to advise you regarding a contract. Maybe you paid someone to do some overflow work for you for a few weeks […]READ MORE