IRS Penalties for Filing and Paying Late
April 15 is the tax day deadline for most people. If you’re due a refund there’s no penalty if you file a late tax return. But if you owe taxes and you fail to file and pay on time, you’ll usually owe interest and penalties on the taxes you pay late. Here are eight facts […]
Top 5 Reasons Why You Should Hire a CPA for Your Restaurant Accounting Tasks
Owners of new restaurants don’t always make hiring a Certified Public Accountant a priority, but putting a CPA on your payroll can make a huge difference in whether your eatery succeeds. The Dallas financial team at Gurian CPA Firm encourages restaurant owners to consider these main reasons why an accounting professional is so essential to […]
Tips for U.S. Taxpayers with Foreign Income
Did you live or work abroad or receive income from foreign sources in 2013? If you are a U.S. citizen or resident, you must report income from all sources within and outside of the U.S. The rules for filing income tax returns are generally the same whether you’re living in the U.S. or abroad. Here […]
Tax Rules for Children with Investment Income
Normally, you must pay income tax on your investment income. While this is also true for a child who must file a federal tax return, if a child can’t file his or her own return, their parent or guardian is normally responsible for filing their tax return. Special tax rules apply to certain children with investment […]
