Where & When to Make Income Tax Payments

WHERE to Make INCOME TAX Payments: IRS as an individual – this is what you pay on your 1040 at the end of each tax year. State as an individual – this is what you pay on your state return at the end of each year State as a corporation / entity – this is what you pay your state as a corporation (depending on each state) TO MAKE IRS Income Tax Payments as an individual: click here …usually this is the amount owed on Form 1040 …It will ask you:

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Basic Tutorial Videos – Level One

The Harvest Plan – How it works – Click Here: You spend 5-15 minutes per week in an organized, engineered plan that combines with professional grade financial tools to maximize your finances and gain financial peace, power and clarity like nothing else can provide! Basic Navigation of The Harvest Plan Website – Click Here:  Here is how the website operates and how to easily navigate on the website. Family Basic Input Tutorial – Click Here: This video contains the basic input video for inputting detailed data into the “Family” module. Income Basic Input Tutorial – Click Here: This video contains the basic input video for inputting detailed data…

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FTB Installment Plan

Completing an installment plan with FTB is relatively simple.  You can do it via phone, in writing or complete an online request. Your best starting place to go through this process is posted HERE and below at the “START HERE” link.  But here are some basic items you will want to know in advance: Generally speaking, you can apply if: Your balance is less than $25,000 You plan on paying your balance in less than 60 months Your tax return filings are up to date You are not in an existing payment plan with FTB Be prepared to set-up a monthly auto-withdrawl from your bank account and DON’T…

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Money Saving Inquiries

How much could you save? Spend 10-15 minutes and find out. For  Tax Analysis – Click Here For  Mortgage Inquiry – Click Here For Real Estate Analysis – Click Here For  Investment Analysis – Click Here For Home Insurance Inquiry – Click Here For Auto Insurance Inquiry – Click Here For Life Insurance Inquiry – Click Here

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IRS – What if I change addresses?

As of this post, the most updated IRS Form for change of address is posted here: IRS Form 8822.  To get the most updated form, do a search for: “IRS Form 8822” So, what should I do if I move??  If you are waiting on a refund, all you can do is make sure you file a change of address with the US Post Office.  Hopefully, they get the job done and your refund gets routed to you.  Click Here for a link to change address for USPS. If no refund is pending, simply file the IRS Form 8822.  That will ensure that any and all IRS letters,…

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How long do I need to keep my tax records?

IRS rule is audits (and amending returns) can occur within 3 years of the date of filing a tax return. Then you and IRS are clear from revision, except…. IRS can and will pull returns from years previous to that – not necessarily to audit previous years, but for reference purposes (their records would likely be available to you too, should that occur). Meaning, they won’t necessarily audit those previous returns, but could use them to validate history if you “claimed” positions on those previous returns. So, you can get “stuck” with positions made from returns prior to that 3-year rule and there are times when records pertaining…

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