Not your average tax and accounting firm.
Travel Deductions are not so cut and dried as you many think. A recent tax court decision holds potential impact for travel deductions. There are many professions that require employees to travel extensively and spend significant amounts of time in paid lodging. These expenses are traditionally claimed as travel deductions. However, a case recently heard by …
Tax Court Decision Holds Potential Impact for Travel DeductionsRead More
Add unemployment fraud to the list of pandemic perils in 2020. As if this past year has not been stressful enough, it was just announced that at least at least $36 billion has been lost to improper unemployment payments being made. In many cases the improper payments are a result of fraudsters who spent the earliest months …
Unemployment Fraud May Create A Tax Nightmare for Unsuspecting TaxpayersRead More
No one wants to create tax return red flags that would make the IRS scrutinize their small business or personal income tax return. However tax time can be one of the most stressful times of the year due to that fear. Just preparing the forms is hard enough. But actually owing the government money can …
BEWARE: These Tax Return Red Flags Could Catch the Eye of the IRSRead More
If you’re looking to address rising tax problems during COVID-19, you are not alone. COVID-19 has caused the death of over 300,000 people. And there have been nearly 19 million reported cases in the United States. Consequently, COVID-19 has touched nearly every aspect of the lives of people worldwide. This is to say nothing about creating …
If you missed the tax deadline – know that you’re not alone. We’ve all been there. Life is super busy. We have to take care of our families and friends, work obligations, and all our other everyday responsibilities. With all of the hustle and bustle, that October 15th tax extension deadline passed. And darn it, …
What Happens If I Missed the Tax Deadline this October 15th?Read More
The global COVID-19 pandemic has presented significant challenges for American citizens. From both a health standpoint and a financial perspective. Individuals are looking for ways to reduce the financial impact of layoffs experienced since the shutdown of the economy. In an effort to relieve some of this burden, the IRS introduced the People First Initiative on March …
The People First Initiative, What Provisions Does It Include?Read More
Trying to cheat the IRS? You may want to rethink your plan. Some refer to it as “creative accounting” or just “a little fudging here and there”, but don’t dumb it down. Plain and simple, it’s cheating. If your tax return is missing income that should have been reported you are the one who is …
Your taxes are full of sensitive information, from financial data to your Social Security number or tax ID number. Because of this, there are many scams out there where unsavory characters pretend to be the IRS. Due to the increasing sophitication of these tax scams, it can be difficult to tell if the IRS letter …
An IRS Letter: Tax Scam Or Something You Need To Address?Read More
Tax time is always a bit unnerving, but when you’re hit with a large, unexpected tax bill, it can be shattering. There are few people who have the resources to simply pull out their checkbook and write a check for thousands of dollars, yet it can feel like that’s your only choice. But even people …
