Receiving a notice from the IRS can cause immense stress before you even have the chance to open the letter. (Note: The IRS will not call or email, so if you are receiving either, it is likely a scam.) Read more
Marriage is all about teamwork: two people who pledge to stick together for better or worse, richer or poorer, and in sickness and in health. And although some exceptions do apply, there’s no better practical example of this vow than a married couple jointly filing their annual income taxes. Read more
Recently, our firm had a conversation with the collection division of the IRS about the statute of limitations on a client’s account. We believed that over $60,000 of back taxes should have expired, which would have meant that the IRS could no longer collect on the debt and would’ve been forced to erase it entirely. We went back and forth over the phone discussing our position, but we could not get the agent to bend on his calculations. So, we escalated the situation and entered the dispute for further review. Read more
If you’ve experienced a significant life change over the last year, you’ll probably need to reexamine your tax standing, and you may be eligible for new deductions or tax credits as well. Keep reading to learn which types of life events could make an impact and how these changes could affect you as a taxpayer. Read more
In many cases, individuals and businesses can settle their tax issues on their own (or perhaps with a bit of research and help from an accountant). However, there does come a time for some taxpayers when their problems require the assistance of a skilled and experienced tax representative. Read more
Watch out for the Dirty Dozen! No, not the Lee Marvin-led squad of misfits — we’re talking about the worst tax scams out there.
Every year, the IRS releases its “Dirty Dozen” list, which details twelve common tax scams that taxpayers may encounter during the year. Although people can fall victim to these schemes at any time, many of them peak during filing season as people prepare their returns (often in a hurry). Read more
Although April 18, 2017 has come and gone, it’s a great time to go through a Summer Tax Checklist to keep you and your small business on track. Here are four things you can do to have a productive summer and prepare for a smooth tax season next year. Read more
If you’re at all like many small business owners, this past tax season was probably pretty hectic. Rather than panic when tax season comes back around next spring, follow these basic tips to make life a little easier on yourself and your staff. Read more
Elderly individuals and people with certain physical or mental disabilities that limit or prevent them from working are likely eligible for tax credits, including an increased standard deduction, credits for child and dependent care, and the earned income tax credit (EITC). These credits could significantly decrease ― or even eliminate ― the amount owed in taxes. Read more
Tax season can be one of the most stressful times of the year for most Americans, but it doesn’t have to be ― especially not when you can get an extension and buy yourself some additional time to file. Read more
