Learning Center
Tax Filing Deadlines Are Rapidly Approaching
Article Highlights: Filing Due Date Balance due payments Contributions to a Roth or traditional IRA Estimated tax payments for the first quarter of 2021 Individual refund claims for tax year 2017 Just a reminder to those
How to Evaluate Your Business Idea Before Diving In
They say that everybody has at least one good novel in them, and many people feel the same way about ideas for a successful business. If you are considering diving into the world of entrepreneurship, it’s
IRS Extends Individual Return Filing Date
Article Highlights:IRS AnnouncementLimited to Individual Tax ReturnsTax Due PaymentsFurther Extensions2021 Estimated Tax Payments Not ExtendedThe IRS has announced they are extending the filing due date for 2020 individual tax returns from April 15, 2021, to May 17,
Day Trader Rules and Tax Treatment
Article Highlights: Risky What is a Day Trade? Pattern Day Trader Equity Requirements Margin Trading Tax Implications Day Trading as a Business Day Trading Business Tax Issues Election Day trading is neither illegal nor unethical, but
How To Access The New Portal
In our effort to help our clients navigate through the current unprecedented situation and also to extend our responsibility towards the society by taking necessary steps to help control the spread of the virus, we at
Obscure and Overlooked Tax Deductions, Credits, and Benefits
Article Highlights: State Income Tax Refund Social Security Taxes Deduction NOL Carryback Charitable Contribution Deduction for Non-Itemizers PPP Loan Expenses Military Reservist Travel Expenses Child’s Private School Expenses Student-Loan Interest Extended Tax Benefits Gambling Losses Live
What’s new at WFTFS, LLC
From simple bookkeeping to comprehensive business tax returns, we understand how important — and more often than not, confusing — it can be for businesses and individuals to access professional tax services. To make matters worse, the search
Tax Time is Around the Corner! Are You Ready?
Article Highlights: Time to Gather Your Information New for 2020 Choosing Your Alternatives Tips for Pulling Your Information Together Tax time is just around the corner, and if you are like most taxpayers, you are probably
2020 TAX DEDUCTION FINDER & PROBLEM SOLVER
To get ready for your tax appointment, we use tax organizers to help us identify missing tax deductions and get you more organized before your appointment. We update the tax organizer annually to make sure you