SEARCH


PK Tax Services, L.L.C.
PK Tax Services, L.L.C.
  • Home
  • Services
    • 2022 Tax Season Documents for 2021
    • Year-End Tax Planning
    • FAQs on Mixed Marriages
  • Resources
  • Meet the Company
    • Videos
  • Blog
  • Contact
  • Client Portal Instructions

BLOG

IRS Penalty Relief For Small Businesses - Unfiled Retirement Plan Returns

7/28/2015

0 Comments

 
The IRS has penalty relief for small business that did not file certain retirement plan returns to take advantage of a low-cost penalty relief program enabling them to quickly come back into compliance.The program is designed to provide some relief for small businesses that may have been unaware of the reporting requirements that apply to their retirement plans.


Read More
0 Comments

Simplified Home Office Deductions

7/22/2015

0 Comments

 
Reduce your home office deductions burden.In an attempt to reduce the administrative, recordkeeping and compliance burdens of small business owners, the IRS provides an optional safe harbor method, called the simplified home office deduction, to compute the allowable deduction for the business-use portion of your home.


Read More
0 Comments

Bartering Income is Taxable Income

7/14/2015

0 Comments

 
Bartering Income: The value of property or services you receive. If you barter, you should know that the value from bartering is taxable income. This is true even if you are not in business. Bartering is the trading of one product or service for another. Often there is no exchange of cash. Some businesses barter to get products or services they need. For example, a gardener might trade landscape work with a plumber for plumbing work.


Read More
0 Comments

IRS Offers Year-Round Tax Help in Six Languages

7/7/2015

0 Comments

 
The Internal Revenue Service recently reminded taxpayers that they offer year round tax help, a wide range of publications and online resources in six languages on IRS.gov.IRS.gov features online resources in Chinese, Korean, Russian and Vietnamese, as well as English and Spanish. These multilingual resources are available throughout the year, not just during tax season.


Read More
0 Comments

Closing a Business IRS Checklist

7/1/2015

0 Comments

 
There are typical actions that are taken when closing a business.You must file an annual return for the year you go out of business. If you have employees, you must file the final employment tax returns, in addition to making final federal tax deposits of these taxes. Also attach a statement to your return showing the name of the person keeping the payroll records and the address where those records will be kept.


Read More
0 Comments
    Picture
    Pat Kolodziej
    ​C.P.A., M.S.T.


    Categories

    All
    IRS Tax News
    Just For Fun
    Tax Tips For Businesses
    Tax Tips For Individuals


    Archives

    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015
    April 2015
    March 2015
    February 2015
    January 2015

Pat Kolodziej, CPA, MST
Managing Member
PK Tax Services, L.L.C.

87 South McLean Boulevard, Suite A
South Elgin, IL 60177


Phone: (224) 227-6061
Fax: (224) 227-6059
Contact Us
Client Login
Picture
Picture
Picture
Picture
Picture
BACK TO TOP

Proudly Serving: South Elgin Illinois, St. Charles Illinois, Elgin Illinois, Geneva Illinois, Batavia Illinois, Bartlett Illinois, West Chicago Illinois, Algonquin Illinois, Crystal Lake Illinois, Aurora Illinois, etc.

© 2017-2022 PK Tax Services, LLC  |  All Rights Reserved  |  Website Created by LislDesign.com

PK Tax Services, L.L.C.