Small Business Tax Savings Podcast
Business:Entrepreneurship
Send us a text
Are you worried about filing your tax return on time or paying your tax bill?
In this episode, Mike Jesowshek discusses tax extensions and strategies for paying tax bills, addressing common misconceptions and providing practical advice. He clarifies that filing an extension does not increase audit risk and emphasizes the importance of timely filing and payment. Mike outlines options for those who can and cannot afford their tax bills, including installment agreements and offers in compromise. Throughout the discussion, he stresses the significance of proactive tax planning to avoid financial strain in the future.
[00:00 - 05:21] Understanding Tax Extensions and Their Importance
[00:05:33 - 00:18:12] Strategies for Paying Tax Bills
Direct Quotes:
"Filing an extension is simply an extended time to file your tax return. The taxes are still due on that original due date." - Mike Jesowshek
"Extensions extend time to file, not time to pay." - Mike Jesowshek
Resources Mentioned:
______
Podcast Host: Mike Jesowshek, CPA - Founder and Host of Small Business Tax Savings Podcast
Join TaxElm: https://taxelm.com/
IncSight Packages (Full-Service): https://incsight.net/pricing/
Book an Initial Consultation (IncSight): https://app.simplymeet.me/o/incsight/sale
-------
Podcast Website: https://www.TaxSavingsPodcast.com
Facebook Group: https://www.facebook.com/groups/taxsavings/
YouTube: https://www.youtube.com/@TaxSavings
Last Minute Year-End Important Items
S-Corp Retirement Considerations Before Year-End
Guest Hosts: Life Insurance Basics
S-Corp Reasonable Salary Prior to Year-End
Small Business Health Insurance Items for Year-End
1099's: What You Need To Know
Income Deferment For Year-End
Expense Acceleration Before Year-End
"Bunching" Itemized Deductions in One Year
Small Business Retirement Planning - Qualified & Non-Qualified Options
Meal Expenses NOT Gone!
Deadline Reminder: 2017 Tax Return Extension (Business and Personal)
Bookkeeping and Tax Essentials to Save Businesses Thousands
Avoiding an IRS Audit
Entertainment Expenses GONE but what about meals?
Independent Contractor or Employee?
S-Corporation Savings and Summary
Taxes Just Paid, Time to Plan Ahead
Sales Tax and Nexus for Small Businesses
5 Bookkeeping Tips for New Business Owners
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
Make Me Smart
Tax Chats
WSJ Your Money Briefing
NerdWallet’s Smart Money Podcast
The Indicator from Planet Money