Help for the 2020 Tax Filing Season The Treasury Department and the Internal Revenue Service are providing special tax filing and payment relief to individuals and businesses in response to the COVID–19 Outbreak. The filing deadline for tax returns has been extended from April 15 to July 15, 2020. The IRS urges taxpayers who are…
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IRS Releases “Get My Payment” Online Application Check the status of your Economic Impact Payment and (if applicable) provide your direct deposit information using the new online portal unveiled by the Internal Revenue Service. Click “Get My Payment” below and follow these steps: Click the blue “Get My Payment” box Click “OK” to enter the application once…
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Alron Enterprises, Inc. has a prescription! We understand that COVID-19 is changing the landscape of our everyday routines and has many of you feeling concerned. There is no higher priority than the health of all our clients. In order to mitigate the spread of COVID-19 Alron Taxes, Inc., a subsidiary of Alron Enterprises, Inc., is providing…
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An S Corp is the correct choice. Save money on taxes by setting up your small business as an S Corporation. While C Corporations may be required to pay taxes at both the corporate and individual levels, an S Corp avoids this double taxation. Business profits are also not subject to self-employment tax in an…
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Announcing Our Certifying Acceptance Agent Status Do you need an Individual Taxpayer Identification Number (ITIN)? If so, we are happy to announce that our Chief Operations Officer, Ramon Santos, is able to assist you with your application. An ITIN is used for foreigners and individuals who do not possess a Social Security Number but still…
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Calculate Your Tax Rate There are seven federal income tax brackets, each with different tax rate percentages. These range between 10% to 37% and are based on your income level for the previous year. As you bring in more money, it is taxed at a progressively higher rate. For instance, a single person who makes…
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Don’t Let Taxes Sneak Up You They say that the only guarantees in life are death and taxes. If that’s the case, then why is it so many people wait until the last minute to start thinking about their taxes? Preparing for tax time throughout the year is the best way to make sure that…
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Tax tips that will save you money. Thinking about owning a second home for vacations or renting out? Taxes become a bit more complicated for second-home owners – but don’t be intimidated. The simple tips below will help you learn how to find and take advantage of the tax breaks and deductions available to you.…
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Filing Your Business Taxes Even though pass through entity tax returns, such as S Corporations and Partnerships, were due on March 15, there’s still time to file personal and C Corporation tax returns. The deadline to file personal and C Corp Tax Returns is April 15, 2019, also known as Tax Day. Tax return extensions…
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Don’t Let Tax Season Overwhelm You. It’s about that time of year again! Now is the time to break out the numbers and start gearing up for tax season… but perhaps you feel like you’re drowning in business receipts and paperwork. Perhaps you’re overwhelmed with stacks of company expenses that need to be added up,…
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