C.G. Olsen, P.C. RSS Feed http://cgolsen.com/ Take a look at our recent blog posts and client newsletter articles. en-us Tue, 01 May 2018 09:00:00 -0500 Tue, 01 May 2018 09:00:00 -0500 What to do when your Tax Return is late http://www.cgolsen.com/newsletter.php#2 Haven't filed a 2017 tax return yet? Don't worry; it's not too late--and it may be easier than you think. Tue, 01 May 2018 09:00:00 -0500 http://www.cgolsen.com/newsletter.php#2 Using a Car for Business: New Rules under TCJA http://www.cgolsen.com/newsletter.php#5 Many of the tax provisions under tax reform were favorable to small business owners including those relating to using a car for business. Tue, 01 May 2018 09:00:00 -0500 http://www.cgolsen.com/newsletter.php#5 Selling your Small Business http://www.cgolsen.com/newsletter.php#3 If you've decided to sell your business, you may be looking forward to lazy days ahead with plenty of cash on hand. The reality, however, is without a tax planning strategy in place you could be liable for capital gains and other taxes related to the sale of your business that leaves you with far less cash than you anticipated. Tue, 01 May 2018 09:00:00 -0500 http://www.cgolsen.com/newsletter.php#3 Self-Employed? Five Easy Ways to Lower your Tax Bill http://www.cgolsen.com/newsletter.php#4 If you're like most small business owners, you probably feel like your tax bill is too high. Here are five ways that could help you save money on your taxes. Tue, 01 May 2018 09:00:00 -0500 http://www.cgolsen.com/newsletter.php#4 Reporting Virtual Currency Transactions http://www.cgolsen.com/newsletter.php#1 With the price of Bitcoin hitting record highs in 2017, many Bitcoin holders cashed out not realizing the impact it could have on their tax bill. If you were one of them, here's what you need to know. Tue, 01 May 2018 09:00:00 -0500 http://www.cgolsen.com/newsletter.php#1 Understanding Estimated Tax Payments http://www.cgolsen.com/newsletter.php#2 Estimated tax is the method used to pay tax on income that is not subject to withholding and includes income from self-employment, interest, dividends, and rent, as well as gains from the sale of assets, and prizes and awards. Sun, 01 Apr 2018 09:00:00 -0500 http://www.cgolsen.com/newsletter.php#2 Refundable vs. Non-Refundable Tax Credits http://www.cgolsen.com/newsletter.php#5 Tax credits can reduce your tax bill or give you a bigger refund, but not all tax credits are created equal. Sun, 01 Apr 2018 09:00:00 -0500 http://www.cgolsen.com/newsletter.php#5 Need to File an Extension? Don't Wait. http://www.cgolsen.com/newsletter.php#3 If you need more time to file your tax return this year, here's what you need to know about filing an extension. Sun, 01 Apr 2018 09:00:00 -0500 http://www.cgolsen.com/newsletter.php#3 IRS Dirty Dozen Tax Scams for 2018 http://www.cgolsen.com/newsletter.php#4 Compiled annually by the IRS, the "Dirty Dozen" is a list of common scams taxpayers may encounter. While many of these scams peak during the tax filing season, they may be encountered at any time during the year. Sun, 01 Apr 2018 09:00:00 -0500 http://www.cgolsen.com/newsletter.php#4 Five Tax Provisions Retroactively Extended for 2017 http://www.cgolsen.com/newsletter.php#1 The Bipartisan Budget Act of 2018 retroactively extended a number of tax provisions for individual taxpayers through 2017. Here are five of them. Sun, 01 Apr 2018 09:00:00 -0500 http://www.cgolsen.com/newsletter.php#1 Lower your 2012 Federal Income Tax Liability http://cgolsen.com/blog.php?id=1 3 ways to lower your 2012 federal income tax liability Mon, 17 Dec 2012 09:00:00 -0600 http://cgolsen.com/blog.php?id=1