Archives for April 2015

What percent of filers wait until the last week?  Statistically, about a quarter of all tax returns (nearly 25%) are mailed in the last week of the tax season.  Yes, it’s pretty high given the amount of time provided. For those that are not prepared, many will file for an extension.  If you would like […]

For some emerging businesses, the decision to hire a CFO is often a difficult one.  While most recognize the value of hiring a high caliber, in-house professional, few can afford the expense. Our Outsourced CFO Consulting services provide the best of both worlds: expertise of an experienced CFO price that you can afford Morey & […]

Each year, our tax code gets longer and more complicated. The filing season for 2014 is rapidly coming to a close and the Health Care Law (Affordable Care Act) is a totally new wrinkle that will make your tax return even longer.  In addition to more forms and questions, the issues with TurboTax is another […]

The IRS imposes penalties for late payment of tax, for late filing of a tax return, or both. The IRS also charges interest on any unpaid tax. Penalty for Failure to Pay Tax by the Due Date The late payment penalty applies to any portion of federal tax that is unpaid as of the payment […]

Not sure you’ll be prepared to file and pay your total taxes due by April 15? Here’s what you need to know about filing an extension. Sometimes, things beyond your control keep you from making that April 15 income tax filing deadline. Family emergencies. Too much time traveling for work. An overly complicated financial situation. […]

Given how strong the U.S. dollar is right now, many of us are tempted by property ownership outside of the United States.  The question about tax treatment of real estate owned overseas often comes up. Whether the property is a vacation home or rental property, the tax benefits are similar to owning a home. Below […]