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....
by Admin | May 9, 2023 | Entrepreneurial, Individual Taxes, Tax Planning
If it seems like more and more employees are turning to freelance work these days, you’re not imagining things. According to one recent study, there are currently 73.3 million freelancers in the United States alone. The fast-paced mobile era that we’re now...
by Admin | May 2, 2023 | Individual Taxes, Tax Planning
The Inflation Reduction Act of 2022 made several changes to the tax credits provided for qualified plug-in electric drive motor vehicles, including adding fuel cell vehicles to the tax credit. Beginning January 1, 2023, eligible vehicles may qualify for a tax credit...
by Admin | Apr 27, 2023 | Individual Taxes
Even after making every effort to file a complete and accurate tax return, mistakes can happen. When a taxpayer realizes that the tax return they filed has a math error, missing income or other mistake, they may wonder if they need to correct it by filing an amended...
by Admin | Apr 26, 2023 | Individual Taxes, Tax Planning
Taxpayers who missed the recent April filing and payment deadline should know their obligations and the possible consequences if they don’t file or have an overdue tax bill. Taxpayers who owe taxTax owed and not paid by April 18, 2023, is subject to penalties and...
by Admin | Apr 26, 2023 | Individual Taxes
After someone with a filing requirement passes away, their surviving spouse or representative should file the deceased person’s final tax return. On the final tax return, the surviving spouse or representative should note that the person has died. The IRS...
