RSS Feed Take a look at our recent blog posts and client newsletter articles. en-us Mon, 01 Mar 2021 09:00:00 -0600 Mon, 01 Mar 2021 09:00:00 -0600 Tax Breaks for Families With Children If you have children, one or more of these tax credits and deductions could help your family reduce the amount of tax owed. Mon, 01 Mar 2021 09:00:00 -0600 Small Business Tax Roundup In 2020, the IRS issued a number of guidance documents as well as final rules and regulations that clarified several tax provisions affecting businesses. Mon, 01 Mar 2021 09:00:00 -0600 Renting Out a Second Home Tax rules on rental income from second homes can be confusing, especially if you rent the home out for several months of the year and also use the home yourself. Mon, 01 Mar 2021 09:00:00 -0600 Capital Gains Tax on Sale of Stocks If you made money last year buying and selling stocks, you may owe capital gains tax. Mon, 01 Mar 2021 09:00:00 -0600 Avoiding an IRS Tax Audit With taxes becoming more complicated every year, there is an even greater possibility of tax confusion turning into a tax mistake and an IRS audit. Avoiding "red flags" like these could help. Mon, 01 Mar 2021 09:00:00 -0600 What's New for 2020 Tax Returns Taxpayers should be aware of several key items involving credits, deductions, and refunds when filing their tax returns this year. Mon, 01 Feb 2021 09:00:00 -0600 Taxable vs. Nontaxable Income Are you wondering if there's a hard and fast rule about what income is taxable and what income is not taxable? The quick (and easy) answer is that all income is taxable unless the law specifically excludes it. Mon, 01 Feb 2021 09:00:00 -0600 Tax Filing Season Starts February 12 The IRS begins accepting and processing 2020 tax year returns on Friday, February 12, 2021. Mon, 01 Feb 2021 09:00:00 -0600 Social Security Benefits and Taxes: The Facts Generally, you pay federal income taxes on your Social Security income only if you have other substantial income in addition to your benefits. Mon, 01 Feb 2021 09:00:00 -0600 Employer Tax Credit Extended for Payroll Workers Extended through June 30, 2020, the Employee Retention Credit helps businesses keep their employees on the payroll - despite the challenges posed by COVID-19. Mon, 01 Feb 2021 09:00:00 -0600 IRS Levy and Wage Garnishment If you owe the IRS, stop or prevent IRS levies or wage garnishments. Tue, 22 Oct 2019 09:00:00 -0500 Tax Planning and Recordkeeping Here is a brief outline of some basic record keeping practices as well as links to more detailed explanations. Tue, 23 Jul 2019 09:00:00 -0500 Need Help with an IRS Notice you received? This is a list of IRS notices, what they mean, what to expect and some general guidance on some of the notices. Tue, 16 Jul 2019 09:00:00 -0500 5 Quick IRS Collections Tips A shortlist of helpful tips when trying to deal with the IRS. Mon, 13 Aug 2018 09:00:00 -0500 Choosing IRS Representation Upsides and downfalls of each type of representative, fee structures and what to look for when evaluating your potential IRS representative. Tue, 19 Jun 2018 04:00:00 -0500 IRS Offer in Compromise and Negotiation A summarized explanation of the offer in compromise program, ease of submission and complications as well as benefits of hiring representation. Wed, 17 May 2017 09:00:00 -0500 Business VS Hobby This is an easily understandable guide to help determine whether a business could be considered a hobby and provide guidance on what you can do to prevent such a problem. Wed, 15 Mar 2017 04:00:00 -0500 Who Can Represent You Before the IRS Fri, 03 Feb 2017 03:00:00 -0600