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Unpacking the Required Minimum Distributions Final Regulations: What You Need to Know
The IRS has issued final regulations on the changes made to the required minimum distribution rules, as reflected by the SECURE Act of...
Nov 22, 20243 min read


Navigating Online Business Tax Accounts with the IRS
The Internal Revenue Service is continuing to expand the features within Business Tax Account (BTA), an online self-service tool for...
Nov 19, 20243 min read


Don't Leave Money on the Table: Essential Tax Credits You Might Be Missing
Tax preparers often encounter clients who are confused about the various tax credits available to them. Understanding these credits can...
Oct 25, 20245 min read


IRS encourages all taxpayers to sign up for an IP PIN for the 2025 tax season
The IRS is urging all taxpayers to sign up for an Identity Protection Personal Identification Number (IP PIN) for the 2025 tax season....
Oct 24, 20241 min read


IRS Penalties: What Triggers Them and How to Avoid or Reduce Them
Tax season can be stressful, especially if you're worried about penalties. Whether you're an individual or a small business owner, IRS...
Oct 14, 20244 min read


IRS Provides Relief for Hurricane Helene Victims
The Internal Revenue Service has announced disaster tax relief for all individuals and businesses affected by Hurricane Helene, including...
Oct 14, 20244 min read


Protecting Our Seniors; Understanding and Preventing Scams
As our population ages, seniors increasingly become targets for a variety of scams. These fraudulent schemes can have devastating...
Aug 9, 20246 min read


Strategies to Prevent Costly Penalties from Underpaying Estimated Taxes
Underpayment penalties are a common concern for taxpayers, and many are unaware of how substantial they can be. These penalties are...
Jun 15, 20246 min read


Can’t Pay Your Taxes? Here Are Some Options
About 3 out of 4 American taxpayers receive a refund each year when they file their income tax returns, but there are those who for one...
Mar 20, 20244 min read


Where's My Refund?
If your 2023 tax return has already been filed and you are due a refund, you can check the status of your refund online. For your Federal...
Mar 6, 20242 min read


Tax Documents Coming Your Way
To ensure individuals properly report all their income, the IRS has an ever-expanding series of information-reporting forms used to...
Feb 2, 20245 min read


Employee or Independent Contractor? – A Primer
It is not uncommon for employers to misclassify employees as independent contractors, either to intentionally avoid their withholding and...
Oct 11, 20236 min read


Do you have an IRS Online Account?
An IRS Online Account is a safe and easy way for individual taxpayers to view specific details about their federal tax account. Here are...
Jan 3, 20221 min read


Does Your Business Need to File Forms 1099-NEC or 1099-MISC?
For each independent contractor that you pay $600 or more for the year, you are required to issue the worker and the IRS a Form 1099-NEC...
Jan 3, 20223 min read


Watch Out for Tax Penalties
Most taxpayers don’t intentionally incur tax penalties, but many who are penalized are simply unaware of the penalties or the possible...
Dec 13, 20216 min read


Understanding the Taxation of Cryptocurrency Transactions
If you have purchased, owned, sold, gifted, made purchases with, or used cryptocurrency in business transactions, there are certain tax...
Nov 20, 20218 min read


Create an IRS Online Account
If you still have not received your federal refund, you are not alone. In our news article on July 26, the disclosed number of...
Aug 23, 20211 min read


35 Million: The Total Backlog of Tax Returns The IRS Had At The End Of Tax Season
The Internal Revenue Service has released a midyear report to Congress that details a significant backlog of tax returns dating back to...
Jul 26, 20212 min read


Did You Get a Letter from the IRS? Don’t Panic.
Now that most tax refunds are deposited directly into taxpayers’ bank accounts, the dream of opening your mailbox and finding an IRS...
Jul 16, 20213 min read
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