tax penalties

New York State (NYS) is now making the collection of taxpayers’ driver licenses or other state-issued identification (ID) information on electronically filed personal income tax returns mandatory to help deter fraud, following the same practice by the IRS. The fields where the ID information must be...

It’s an uncomfortable (and inconvenient) truth…more people than you’d be tempted to think fail to file their taxes by the April “Tax Day” deadline. If you’re one of them, you may be sweating—or cursing—a little, especially when you keep hearing people talk about everything they’re...

If you’re like many freelancers and self-employed individuals tax season can be a time of mild to moderate frustration, with a heavy dose of “git ‘er done” mixed in. While you may be tempted to stick to only basic tax deductions (your home office, office...