Common Tax Forms Explained: W2, 1099MISC, and W9

Common Tax Forms Explained: W2, 1099MISC, and W9

Tax Form Essentials: W2, 1099MISC, W9 Explained Filing Form W-2 The due date for filing 2018 Forms W-2 is January 31, 2019 whether you file electronically or using paper forms. You may request one 30-day extension to file Form W-2 by submitting a complete application...
How to Make a Profit and Loss Statement

How to Make a Profit and Loss Statement

Profit and Loss Statements: A Path to Financial Clarity A profit and loss statement (P&L or P/L) is a vital document for your business. It is simply a list of your total gross income and expenses. There is no true ‘format’ for a P&L, because each business is...
How to setup a payment plan for your taxes?

How to setup a payment plan for your taxes?

Setting Up Your Tax Payment Plan: A Complete Guide The IRS doesn’t care how they are paid. They will go through hoops to ‘help’ you pay them. You can take a personal loan, or even charge a credit card right on their website to pay in full. Sometimes paying in full is...
Trust, But Verify – Don’t Believe Everything You Hear

Trust, But Verify – Don’t Believe Everything You Hear

Trust, Verify, and Empower: A Modern Approach to Truth I’ve worked for Molen & Associates for more than 20 years. Over the course of my career I’ve learned that the greatest enemies to understanding the federal income tax are unverified sources such as family...