Back in 2004, a Stanford tax professor attempted to simplify the tax filing process with a California pilot. His proposal was called ReadyReturn and started with a pre-populated tax return with income generated from government records. The taxpayer could make corrections and add expenses and deductions.
When business is going really well, there may not be any time to sit down and focus on taxes. Having a bookkeeper do data entry is often not enough. After a couple years go by, it might even amount to a months-long project to get caught up.
Sure, some people tend to wait until the last minute to file taxes. But needing more time can happen for several reasons, such as running into a serious life event or missing key documents.
The deadline to file your federal income taxes with the IRS is almost here. Unfortunately, once again tax season is also phishing season here in Southern California.
It's April and that means the tax filing deadline of April 15, 2019 is quickly approaching. Tax professionals will be working extra hours, but there is no time to delay.