Edward Cozens, CPA

05/28/2023

03/02/2017

https://www.irs.gov/payments

You can reduce or even eliminate a balance due after filing, by adjusting your withholding amount or making estimated payments.

01/31/2017

http://www.forbes.com/forbes/welcome/?toURL=http://www.forbes.com/sites/ashleaebeling/2016/08/31/irs-warns-of-2017-tax-refund-delays/&refURL=https://www.google.com/&referrer=https://www.google.com/

Forbes Welcome page -- Forbes is a global media company, focusing on business, investing, technology, entrepreneurship, leadership, and lifestyle.

01/26/2017

https://www.dhs.gov/stopthinkconnect

The Stop.Think.Connect. Campaign is a national public awareness effort to guide the nation to a higher level of Internet safety by challenging the American public to be more vigilant about practicing safer online habits.

10/12/2016

Good App!

09/08/2016

Don't lose $49 by falling for cash rebate scam!

Irregulars Quick Take Paid members get a quick summary of the stocks teased and our thoughts here. Join as a Stock Gumshoe Irregular today (already a member? Log in) Ed note: this article was published in mid-March, but readers continue to ask about it so we’re re-posting this teaser solution for yo...

09/06/2016

Is it legal to pay your employees cash? Find out here about the hefty risks of paying employees cash in hand.

08/23/2016

An estimated 11.7 million people are victims of identity theft each year. It is a growing crime and it is expected to grow more with each passing year. There is a big demand for stolen identities in

04/08/2016

Five Tax Tips on Estimated Tax Payments

You usually will have taxes withheld from your pay if you are an employee. However, if you don’t have taxes withheld, or you don’t have enough tax withheld, you may need to make estimated tax payments. If you are self-employed you normally have to pay your taxes this way. Here are five tips about making estimated tax payments:

1. When the tax applies. You should pay estimated taxes in 2015 if you expect to owe at least $1,000 in tax for 2016 after subtracting your withholding and refundable credits. Special rules apply to farmers and fishermen.

2. How to figure the tax. Estimate the amount of income you expect to receive for the year. Also make sure that you take into account any tax deductions and credits that you will be eligible to claim. Use Form 1040-ES, Estimated Tax for Individuals, to figure and pay your estimated tax.

3. When to make payments. You normally make estimated tax payments four times a year. The dates that apply to most people for 2016 are April 18, June 15 and Sept. 15. There is one last payment on Jan. 17, 2017.

4. When to change tax payments or withholding. Major life changes like the birth of a child can affect your taxes. When these changes happen, you may need to revise your estimated tax payments during the year. If you are an employee, you may need to change the amount of tax withheld from your pay. If this is the case, give your employer a new Form W–4, Employee's Withholding Allowance Certificate. You can use the IRS Withholding Calculator tool to help you fill out the form.

5. How to pay estimated tax. You can pay online, by phone or from your mobile device. Direct Pay is a secure online service to pay your tax bill or your estimated tax directly from your checking or savings account at no cost to you. Visit IRS.gov/payments for easy and secure ways to pay your tax. Paying by mail is another option. If you pay by mail, use the payment vouchers that come with Form 1040-ES.

You should refer to the notice you received for your latest balance due, or have it handy and call the toll-free number listed on the notice for your current payoff amount. If you don't have a recent notice handy, please see Finding Out How Much You Owe.

04/05/2016

Need to figure out your donations values? Go here -

Goodwill Industries of West Michigan is a qualified 501 (c) (3) charitable organization. If you itemize your deductions on your federal tax return, you are entitled to claim a deduction for your donations to Goodwill.