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Tax Identity Theft

Protect Yourself from Tax Identity Theft in 2019 with These Helpful Tips

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Tax season is over, and some taxpayers have already been alerted to a serious issue regarding their returns: identity theft. Along with opening new accounts and credit cards in your name, tax identity theft is one of the main uses for stolen Social Security numbers.

Below, the tax professionals at SH Block Tax Services explain the essentials of tax identity theft and the findings of the IRS’ 2019 “Taxes. Security. Together.” awareness campaign. Read more

Things Not To Do on Taxes

4 Things You Should Never Do During Tax Season (and 4 Tips on What to Do Instead)

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Here at S.H. Block Tax Services, we look forward all year to National Tax Day on April 15. However, we recognize that most people’s stress levels steadily rise in the weeks leading up to tax-filing time and peak on April 15. In fact, a 2012 study analyzed 30 years of data and found that auto accidents spike 6% on Tax Day.

We’re not here to pass judgment, but we can say from decades of experience that many people’s tax-time stress is self-inflicted. Often, easing the pain of tax season is a matter of getting rid of bad habits and replacing them with healthy and constructive ones.

To help you cut down on unnecessary tax-time headaches, we’ve created a list of four things you should never do on Tax Day. For each entry on the list, we’ve provided a good habit you can use to replace the bad one. If you use this list to reshape your tax preparation and filing habits, you’ll never have to dread the calendar march toward April 15 again. Read more

9 Tax Audit Consequences for Business Owners

9 Tax Audit Consequences for Business Owners

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This post was written by our friends at Larry L. Bertsch, CPA & Associates, a top certified public accountants firm that has been offering quality accounting and tax preparation services to the entire Las Vegas market since 2003. For help with your business accounting and tax prep needs, please contact them to schedule a free consultation by calling (410) 872-8376 or completing this brief form. 

Reporting taxes for your business is usually more complicated than reporting taxes for your personal life. Unfortunately, this means you’re more liable to err in your reporting, which might cause the IRS to slam you with expensive penalties and other consequences you might not have known existed.  

With the help of an experienced tax accountant, however, you may be able to avoid some of the more common and severe consequences if you do overlook something.  Read more