We keep you updated with the latest news from Martin Hood and helpful information whenever there is a change to employment or tax laws.
March 18, 2018
The W-2s, 1099s, and K-1s flooding into our mailboxes mean only one thing – the tax deadline is fast approaching. With less than a month left before the mid-April deadline, make sure to schedule an appointment with your accountant soon to get all those forms off your kitchen counter!
From the freshly-passed federal tax bill to state-level changes in Illinois, taking advantage of these law changes, let alone filing taxes on your own, may seem daunting. Did you start a new business venture, make a big sale, or receive significantly more income in 2017? Even with what time is left, meeting with your accountant can help determine if the option of even filing a six-month extension would be appropriate.
For some, tax season is not only a reminder to file this year’s taxes but also taxes from previous years as well. Unfortunately, the IRS does not put the past in the past. From failure-to-file and failure-to-pay penalties to accrued interest, it is always worthwhile to get caught up on your taxes.
Give us a call to schedule an appointment today!