Coronavirus Employer Tax Credits Flow Chart

By |2020-06-07T13:10:24-04:00June 7th, 2020|Coronavirus, Employees, Employees & Independent Contractors, Employers, Forms, Payroll|

The IRS created a flow chart to help employers navigate the new tax credits due to the COVID-19 pandemic. Each situation with each of your employees may be unique. Always consult a tax advisor before filing with the IRS. Book a phone consultation with our staff today.

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AFSG 2019 Tax Checklists & Worksheets Available

By |2020-08-04T11:46:03-04:00January 5th, 2020|AFSG, Forms|

The 2019 tax filing season is underway. Every year, AFSG provides you with detailed checklists to help you stay organized and up to date on the current tax laws. Below are links to our 2019 checklists and worksheets. If needed, these forms are all printable from your web browser, however, [...]

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Tax Tips for Starting a Business

By |2019-08-26T18:21:24-04:00August 26th, 2019|Business Start-Ups and Closures, Corporate Income Tax, Employers, Forms|

These tax tips can help new business owners find success Source: IRS.gov Starting a business can be very rewarding. It can also be a little overwhelming. From business plans to market strategies, and even tax responsibilities…there are many things to consider. Here’s what new business owners can do to help [...]

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Here are five facts about the new Form 1040

By |2019-02-25T16:36:55-05:00February 25th, 2019|Employees, Forms, Individual Income Tax|

Source:  IRS.gov Tax Tip 2019-13 There are several changes to the 2018 Form 1040. However, taxpayers who file electronically may not notice the changes as the tax return preparation software guides people through the filing process. The IRS worked closely with its partners in the tax return preparation and tax software [...]

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IRS Issues Rules for Providing K-1s Electronically

By |2012-02-20T15:40:27-05:00February 20th, 2012|Corporate Income Tax, Forms, Individual Income Tax|

Source: IRS.gov WASHINGTON — The IRS today issued guidance that now allows partnerships to provide Schedule K-1, Partner’s Share of Current Year Income, Deductions, Credits, and Other Items electronically to recipients. Certain entities, such as partnerships, are required annually to file K-1s with the IRS and provide a copy to [...]

Common Forms

By |2010-07-22T15:04:50-04:00July 22nd, 2010|AFSG, Forms|

Form 1040 ES –          2010 Federal Estimated Individual Income Tax Vouchers Form 2553 –                IRS Request to be taxed as an S-Corporation Form 4506-T –            Transcripts of prior year w-2s, 1099s, tax returns, and non-files Form 843 –                  Request to abate penalties and interest from the IRS Form 8821 – [...]

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