Rich Tax Services

Hello everyone FYIRemember the TAX extension DEADLINE is designed for taxpayers who have an outstanding tax debt and to make sure tax returns are filed accordingly, BUT if you do not have a tax debt and file after the deadline, don't worry. You will not be penalized. Be sure to file before the EFILE system shut down for maintenance for the upcoming tax season. ... TODAY IS THE TAX extension DEADLINE. The tax extension gives you additional months to FILE your TAXES, but NOT more time to pay a tax debt. Tax debts are due at the original tax deadline; this year, it was July 15, 2020. File accordingly. Tax debts accumulate when your debt is unpaid interest, and penalties will apply to an unresolved tax debt. File accordingly. Rich Tax Services #tax #taxes #accounting #business #taxseason #accountant #incometax #finance #taxpreparer #taxrefund #smallbusiness #bookkeeping #taxpreparers #money #taxplanning #taxprofessionals #taxpreparation #audit #entrepreneur #stltax #taxconsultant #irs #payroll #taxprofessional #taxation #accountants #taxreturn #credit #richtaxservices #taxpros

Hello everyone FYIOctober 15, 2020, is the TAX extension DEADLINE. The tax extension gives you additional months to FILE your TAXES, but NOT more time to pay a tax debt. Tax debts are due at the original tax deadline; this year, it was July 15, 2020. File accordingly. Rich Tax Services ... #tax #taxes #accounting #business #taxseason #accountant #incometax #finance #taxpreparer #taxrefund #smallbusiness #bookkeeping #taxpreparers #money #taxplanning #taxprofessionals #taxpreparation #audit #entrepreneur #stltax #taxconsultant #irs #payroll #taxprofessional #taxation #accountants #taxreturn #credit #richtaxservices #taxpros

Hello everyone The TAX Extension DEADLINE is a couple days away! October 15, 2020 A Tax Extension give you an additional 6 months to file your Tax Return, making your new deadline October 15. It is not an extension of time to pay your tax bill.... #tax #taxes #accounting #business #taxseason #accountant #incometax #finance #taxpreparer #taxrefund #smallbusiness #bookkeeping #taxpreparers #money #taxplanning #taxprofessionals #taxpreparation #audit #entrepreneur #stltax #taxconsultant #irs #payroll #taxprofessional #taxation #accountants #taxreturn #credit #richtaxservices #taxpros See more

Hello everyone Can you all believe it’s October already? October 15, 2020, is the TAX extension DEADLINE. The tax extension gives you additional months to FILE your TAXES, but NOT more time to pay a tax debt. Tax debts are due at the original tax deadline; this year, it was July 15, 2020. File accordingly. Rich Tax Services ... #tax #taxes #accounting #business #taxseason #accountant #incometax #finance #taxpreparer #taxrefund #smallbusiness #bookkeeping #taxpreparers #money #taxplanning #taxprofessionals #taxpreparation #audit #entrepreneur #stltax #taxconsultant #irs #payroll #taxprofessional #taxation #accountants #taxreturn #credit #richtaxservices #taxpros

TAX EVASION is real!

Hello everyone,I hope all is well. TAX EVASION is an illegal activity, which can lead to prison time. Be careful with reporting lower income to receive a lower tax liability; Let's do it right the first time to avoid the consequences. I don't care who you think is getting away with TAX evasion, DO NOT DO IT Tax evasion means concealing income or information from tax authorities and it's illegal. Tax avoidance means legally reducing your taxable income, ... KNOW THE DIFFERENCE Keep your expense and income documentation. ’’Tax evasion is the illegal evasion of taxes by individuals, corporations, and trusts. Tax evasion often entails taxpayers deliberately misrepresenting the true state of their affairs to the tax authorities to reduce their tax liability and includes dishonest tax reporting, such as declaring less income, profits or gains than the amounts actually earned, or overstating deductions. Tax evasion is an activity commonly associated with the informal economy. One measure of the extent of tax evasion (the "tax gap") is the amount of unreported income, which is the difference between the amount of income that should be reported to the tax authorities and the actual amount reported. In contrast, tax avoidance is the legal use of tax laws to reduce one's tax burden. Both tax evasion and avoidance can be viewed as forms of tax noncompliance, as they describe a range of activities that intend to subvert a state's tax system, although such classification of tax avoidance is not indisputable, given that avoidance is lawful, within self-creating systems. Rich Tax Services #tax #taxes #accounting #business #taxseason #accountant #incometax #finance #taxpreparer #taxrefund #smallbusiness #bookkeeping #taxpreparers #money #taxplanning #taxprofessionals #taxpreparation #audit #entrepreneur #stltax #taxconsultant #irs #payroll #taxprofessional #taxation #accountants #taxreturn #credit #richtaxservices #taxpros

Hello everyone Which person are you? There is no right or wrong answer Let's make this upcoming tax season a breeze. Taxes are an essential sector of our lives. Let's eliminate penalties and interest and file accordingly. ... Rich Tax Services #tax #taxes #accounting #business #taxseason #accountant #incometax #finance #taxpreparer #taxrefund #smallbusiness #bookkeeping #taxpreparers #money #taxplanning #taxprofessionals #taxpreparation #audit #entrepreneur #stltax #taxconsultant #irs #payroll #taxprofessional #taxation #accountants #taxreturn #credit #richtaxservices #taxpros See more

NEWS you Can USE!! DECREASE IN TAXES WITHHELD from your PAYCHECK NOW until DEC. 31, 2020 The payroll tax deferral takes effect Sept. 1. ... It's optional for employees: A percentage of your social security taxes/ Payroll taxes can be deferred NOW until December 31, 2020. Which ultimately will increase your payroll check BUT, It's a deferment, NOT waiver. Suppose you select this option to defer your payroll taxes. YOU will have to pay them back starting 2021 in addition to your regular schedule taxes. #tax #taxes #accounting #business #taxseason #accountant #incometax #finance #taxpreparer #taxrefund #smallbusiness #bookkeeping #taxpreparers #money #taxplanning #taxprofessionals #taxpreparation #audit #entrepreneur #stltax #taxconsultant #irs #payroll #taxprofessional #taxation #accountants #taxreturn #credit #richtaxservices #taxpros