Getting Ready for Tax Season

With April 15 approaching quickly, it’s time to see how much of your hard-earned money you’ll have to share with the IRS. In the rush to file your income tax return by the April deadline — later, if you request an extension — don’t overlook legitimate deductions that can reduce your tax liability. In reviewing these suggestions, however, remember that since every business is unique, it always helps to consult with a tax professional. The Basics On all tax returns, payments, and related correspondence, be sure to use the complete and exact name submitted when the IRS assigned your Employer Identification Number (EIN). Any variation could cause a mismatch for the taxpayer account