Roy M. asked
I filed an extension and paid my estimated taxes on April 15, 2015. I am unsure whether to file my 2014 return today or wait a few days to ensure accuracy. Will there be substantial penalties for filing a few days late? Will this increase the likelihood of an audit? Should I file an e-return now and then file an amended return later if needed, or wait to file a more accurate return in a few days?
February 15th, 2024
Phillip R. answered
There is no significant increase in the likelihood of an audit for filing a few days late. The penal...
February 15th, 2024
Create an account to view answers and interact with the community!
What is the best way to pay for a monthly car payment from a Sole Proprietorship without increasing my tax liability?
November 17th, 2024
A CPA company hasn't had anyone on payroll for three years. If a salaried person is paid in stock on August 15th, when are the payroll taxes/statement due? Is the company late, and is this a significant issue if no payroll taxes were withheld?
September 11th, 2024
I earn $164,000.00 a year and will receive a bonus of $472,000.00 this year. My employer allows me to spread the bonus over the next three years. What is the best way to take this bonus, and is there a way for part of it to be deposited into a retirement account before taxes?
September 20th, 2024
How do I determine the cost or other basis for a house inherited and sold in 2014 to input on Form 8949, Section 1, Part (e)?
July 28th, 2023
How should the family trust created by the decedent's predeceased spouse be reported on the decedent's estate tax return (Form 706), specifically on Schedule F, given that the decedent was only entitled to income and principal distributions under an ascertainable standard?
March 10th, 2023