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Category Archives: Tax Filing

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Tax Filing: An Easy-to-Follow Guide for Businesses

Tax filing is a crucial process that all businesses must undertake to comply with tax laws and meet their financial obligations. It ensures that businesses accurately report their income, expenses, and other financial information to the...

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Take Note of IRS’ June 15 Deadline

Certain taxpayers living and working abroad, are given a special June 15 filing of their 2020 federal income tax return. Military men and women serving outside Puerto Rico and the U.S. (as well as their spouses) may also qualify for the June 15...

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Individual and Business Tax Filing: Key Differences

Whether you are an individual or a business owner, filing taxes each year is a requirement. Although there are similarities between individual and business tax filing, there are also significant differences. As one of the leading tax accounting...

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Reasons Why You Shouldn’t Do Your Own Taxes

Although some tasks are great for utilizing a do-it-yourself approach, filing your income tax return isn’t one of them. It’s not only a complicated process, but filing your taxes yourself can also lead to miscalculations and mistakes. As one...

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What to Know About Form 1099-NEC

In light of the Internal Revenue System reviving the old form 1099-NEC to report all nonemployee compensation, we at KF Tax & Accounting, P.C., one of the leading tax accounting firms in Texas, has created the following explainer. Quick note:...

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