Category: Bookkeeping

Whether you need to have an escrow account can depend on your type of mortgage, the amount of equity you have and the requirements of your lender. The buyer technically owns the money in the escrow account since they deposited it, however, the escrow agent controls the funds. To keep buyers and sellers safe and…

The IRS determines the timeliness of your electronic return based on the date and time it is transmitted in your local time zone. For those filing paper returns, the IRS considers the submission on time if it is correctly addressed, includes sufficient postage, and is postmarked by the deadline. Employment tax deadlines are crucial for…