DP Financial & Tax

Many of us grew up using or hearing of others using Cliff Notes in school. These were helpful in providing a synopsis of the assignment and helped us cover a lot of ground in a short amount of time. Let us provide you with a cheat sheet for organizing your documents. Essentially, the two main categories that make up either a personal or business tax return are income and expenses. There are a lot of different forms that comprise these categories, but these are the two main

Learning that you are a victim of identity theft can be a stressful event. Identity theft is also a challenge to businesses, organizations, and government agencies, including the IRS. Due to this new norm, individuals and businesses alike have to take many different precautions in order to protect information and detect ID theft at its earliest possible stage. First, let’s look at a few ways businesses and government agencies are working to protect and detect electronic th

Due to a provision in the Consolidated Appropriations Act passed by Congress, the filing deadlines for employer copies of Forms W-2/1099-MISC have changed. The IRS has set a new deadline for Forms W-2/W-3, 1099-MISC, and Form 1096 of January 31st, 2017. Likewise, Oklahoma is no longer accepting paper copies of 1099’s. These must be electronically filed on the OKTAP system. The IRS is stressing that there will be no grace for these filings and penalties and interest are high