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Think Tax Filing Season is Over? Why You May Need to File an Amended Return

Few people look forward to tax filing season. Unless you are an accountant who loves tax season, you probably dread this time of year, and you are thrilled when your return is in and your refund is on the way…

September 18, 2020

Four Things Your Tax Preparer Won’t Tell You (and How It Can Get You In Tax Trouble)

Tax time will be here (again) before you know it. If your tax return is a simple one, you may be up to filing the return yourself. But if your situation is somewhat complicated, seeking the help of a qualified…

September 04, 2020

Work from Home Tax Forms: How to Store Them, How to File Them and How to Reduce Your Liability

Working from home can be a dream come true, especially if you also work for yourself. Opportunities for freelancers, gig workers and other self-employed men and women have exploded in recent years, giving people the freedom they crave without sacrificing…

August 21, 2020

Bankruptcy FAQ’s for Individuals

Filing for bankruptcy is a difficult and draining process. People often feel ashamed, scared, or confused. If you find yourself with no other options, bankruptcy can be a good way to clear out old debts, change financial patterns, and most…

August 14, 2020

Considering Bankruptcy to Get Rid Of Your Back Taxes? 3 Alternatives to Explore Before You File

If you are drowning in debt and working harder and harder to make ends meet, you may think a bankruptcy filing is the only way out, but that is not necessarily the case. Filing for bankruptcy is one solution, but…

August 07, 2020

IRS Collections Is Starting Back Up. What To Do If You Owe Back Taxes

2020 threw a huge wrench into everything and the IRS collections proceedings are no exception.  With the tax deadline pushed until July 15th and a lot of the IRS closed under shelter at home orders due to COVID19, to the…

July 24, 2020

How to Handle Your Taxes During an Economic Crisis

Whether it is a global pandemic shutting the economy down for months on end, a stock market crash that leaves formerly giddy investors frightened and nervous or a housing crisis that makes real estate a risky bet, living through tough…

July 21, 2020

IRS Has Unclaimed Tax Refunds Worth More Than $1.5 Billion From 2016

Roughly 1.4 Million Americans Set To Lose Out On Refunds Roughly 1.4 million Americans are set to lose out on unclaimed income tax refunds worth more than $1.5 billion……because they didn’t file their 2016 tax returns. Taxpayers are given a…

July 06, 2020

If You Want to Fight The IRS You Gotta Play by the Rules

If you owe money to the IRS, the IRS has a number of tools in the toolbox to take your wages, money in the bank or assets, such as your car or home to take away from you by force…

July 31, 2020

Married Couple Improperly Deducted Self-Employment Tax

In a recent case before the United States Tax Court, a married couple who improperly deducted one-half of their alleged self-employment tax for two years was denied this deduction.  The husband was a Certified Public Accountant who ran an accounting…

August 14, 2020

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