Derek Watson, EA

To help you get the most out of your small business tax return, here are five year end tax planning tactics to consider.

The S corp election is a request filed with the IRS to change your business's tax status. Here's what that really means and why you should consider it.

An at-a-glance tax deadline resource for C corporations and LLCs electing to be taxed as corporations.

Here’s what you need to know about itemized deductions, the standard deduction, and how to choose between them when preparing your tax return.

Anxiously awaiting a tax refund? Here’s the fastest way to check the status with the IRS.

Miss your mom’s birthday? Get flowers. Miss the tax deadline? Read this.

Alternative Minimum Tax is aimed at high-earners, to make sure they pay their faire share. Here's how it works.

A simple breakdown of IRS forms W-2 and W-4.

If you made more than $400 in self-employment income this year, you have to file Schedule SE. Here’s how to do it properly.

Around three quarters of business owners use personal money to fund a budding business? Thankfully, a range of business startup expenses are tax deductible.

When you own an LLC, your business tax rate is likely the same as your personal tax rate. Here’s a look at how to figure out your LLC tax rate.

You've filled out your tax return. Now how do you check for mistakes?

A plain English guide to adjusted gross income, the single most important number on your tax return.