2025 IRS 1099 Filing Rules for Business Owners
Each tax season, one question always comes up from business owners: “Do I need to file a 1099 for this vendor?” Even seasoned entrepreneurs find the rules confusing. If you’ve ever been […]
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Out-of-Pocket Health Insurance Tax Deduction Misconception
Think your out-of-pocket health expenses are fully tax-deductible? Not so fast! Myth: Every dollar I spend on health insurance reduces my taxes.Reality: You only get a deduction if you itemize and your […]
IRS to Send Automatic Payments to Eligible Taxpayers Who Missed Recovery Rebate Credit
Hey, taxpayers! Big news from the IRS! If you missed claiming the Recovery Rebate Credit on your 2021 tax return, you could be getting money sent your way; automatically! Here’s what you […]
What Happens if Trump Takes Away the IRS?
Nobody enjoys paying taxes, and let’s face it; most people aren’t exactly fond of the IRS either. But we’ve always heard that the only certainties in life are death and taxes. So, […]
Available Now: Taxes 101
I am so excited to announce that I have written my first book, “Taxes 101.” I wrote “Taxes 101” to help entrepreneurs have a basic understanding of how taxes work so that […]
The Breakdown: Payroll Wages & Taxes Edition
If you’re considering hiring employees, it’s critical that you understand the payroll tax obligations that you have as an employer. With all the confusion surrounding how payroll taxes works, failing to report […]
Deadline Approaching: April 18th is the Last Day to File Taxes
Still haven’t filed your taxes yet? Time is running out! Monday, April 18th is the last day to file taxes for 2015. Why the later date? The Capitol will be celebrating Emancipation […]
Do I Actually Have To File Taxes?
Have you ever asked yourself, do I really have to file taxes? The short answer, most often, is yes. The long answer may surprise you. There are a select few of us […]
2016 Tax Season is Almost Here!
Happy New Year! Paragon Accountants would like to announce that the 2016 tax season is almost here. The IRS will begin accepting both paper and electronic returns on Tuesday, January 19th. […]
How Should I File?
If you are married you have the option to file jointly or separately on your federal taxes- but which should you choose? While the IRS recommends that married couples file jointly, there […]
Get Prepped For Tax Season
The IRS recently announced that the 2015 tax season will open as planned this month. While many were fearful that the extended provisions would delay the start of filing, the provisions were […]
Do You Know Where Your Tax Breaks Are Going?
If you’ve been planning what to do with your tax refund, you may want to hold tight. Over 50 tax breaks are left in the hands of Congress, many of which expired in […]