Last week’s blog covered some of the 2022 tax changes that may cause your tax situation to be quite different than it was in 2021. Here are some additional changes…
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The deadline for filing 2021 taxes looms around the corner, and once again the COVID-19 pandemic is causing some complications. In addition to the well-publicized IRS backlog, filers this year…
If you’re starting a new business, one of the first things you will need to do is to choose a legal structure. The legal structure dictates the ways many aspects…
The advance monthly payments of the Child Tax Credit ended in 2021, and the IRS has begun sending out letters to taxpayers who received monthly payments that indicate how much…
The new year is right around the corner, and with that comes changes to retirement plans. Many Americans will welcome the 2022 increase in contribution limits allowing them to contribute…
What if we told you that you could invest in a small business and not pay taxes on the gains? Well, your dream can be a reality, provided you make…
Why is it so important to get Form 8879 back to your tax preparer? If you have used a CPA firm or other tax preparer to file your taxes in…
The $1.9 trillion American Rescue Plan that passed earlier this year expanded the Child Tax Credit, an initiative aimed at putting money in the pockets of families. If you have…
$600 doesn’t sound like much in the grand scheme of a year’s income. It could come from a few sales on Etsy, or maybe you rented your home out on…
Contacting the IRS can seem like an overwhelming task. Likewise, many people feel panic when the IRS initiates contact with them directly. In order to help taxpayers identify legitimate IRS…
