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IMPORTANT NOTICE: IRS Enforcement Restarting the End of May 2023

IMPORTANT NOTICE: IRS Enforcement Restarting the End of May 2023

by Admin | May 17, 2023 | Uncategorized

Commissioner Amalia Colbert and Deputy Commissioner Darren Guillot have given an update on the status of IRS Enforcement and when the deluge of enforcement notices will begin again since being paused during the pandemic. The backlog of mail is now caught up, and so...
Warning Signs That You Should STOP Managing Your Own Books

Warning Signs That You Should STOP Managing Your Own Books

by Admin | May 17, 2023 | Business Taxes, Entrepreneurial

On the one hand, it’s almost a prerequisite for entrepreneurs of all types to have that “can-do spirit.” That sense that nobody else sees things quite like they do so, whatever it is they want to accomplish, it becomes something they know...
Considering a New or Pre-Owned Electric Vehicle? Read This First to See If You Will Benefit From a Tax Credit

Considering a New or Pre-Owned Electric Vehicle? Read This First to See If You Will Benefit From a Tax Credit

by Admin | May 17, 2023 | Individual Taxes, Tax Planning

2023 brings with it a whole new set of rules related to qualifying for the tax credit for purchasing a new or used electric vehicle. Among the changes that must be navigated are buyer income limitations, vehicle assembly and component limitations and even vehicle...
The IRS Issues Update to the Tax Scams to Be Aware of For 2023 and Beyond

The IRS Issues Update to the Tax Scams to Be Aware of For 2023 and Beyond

by Admin | May 17, 2023 | Tax Scams

When it comes to income taxes, two things tend to be true every year. The first is that April will always roll around yet again, whether you like it or not – which means that it’s in your best interest to make sure your tax filing needs are accounted for....

When an IRS letter arrives, taxpayers don’t need to panic, but they do need to read it

by Admin | May 16, 2023 | Business Taxes, Individual Taxes

Getting a letter from the IRS can make some taxpayers nervous – but there’s no need to panic. The IRS sends notices and letters when it needs to ask a question about a taxpayer’s tax return, let them know about a change to their account or request a payment....
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