Understanding The Updated Schedules K-2 & K-3

Understanding The Updated Schedules K-2 & K-3

Running a business is extremely difficult, especially when it comes to tax information for domestic and international business transactions. This complexity is only further compounded when you consider that many companies are formed as partnerships, with each member of that partnership having to file and claim their share of the tax liability. In order to…

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Filing For & Winning A Virtual Settlement

Young woman on a laptop reviewing her virtual settlement

2020 and 2021 have thrown a lot at all of us. From the world shutting down due to the COVID-19 pandemic to us moving into the “New norm” of how we do business, things have changed at a breakneck pace. The IRS has done its best to keep up with the constant changes from the…

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How To Fix Or Correct Your Refund

Tax documents and money left over from incorrectly filing tax documents

2020 taxes were some of the most difficult to prepare in years. With so many updates and changes to the tax code due to the COVID-19 pandemic, millions of Americans found themselves confused by these last-minute updates. Even some tax preparers had trouble keeping up.  All of this has led to what will likely be…

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Three IRS Scams To Watch For

Dealing with the IRS can be difficult, and when most people receive something from the IRS, an immediate panic sets in. That feeling of panic is something that scammers have taken notice of, and year after year, we have seen thousands of scammers trying to grift millions of dollars from the taxpaying public.  There are…

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What Should You Do If You Owe $10,000 Or More To The IRS?

Two people reviewing tax documents with their calculator

If you have been notified by the IRS that you owe over $10,000 or more in back taxes, you need to act quickly and decisively. Within four to six weeks of receiving a notice like this, the IRS can escalate your balance due to collections where they will take action against your assets and/or your…

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What Can You Do If Your Property Has Been Seized?

A picture of a home falling off a cliff, being caught by a hand. This signifies how you can protect your property from being seized, and how to possibly get it back after it's been seized.

There are several steps that both the Federal and State taxing authorities can take to recover delinquent taxes.  One of the most drastic and jarring ways that your debt can be collected is through property seizure. With everything from wages to bank accounts to investments to real estate, you could find yourself in a bind…

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