Updated Taxability Of Dependent Care Assistance Programs

Child is playing with wooden railway track toy on the floor

2020 was one of the strangest years in modern times. The pandemic caused millions of people all across the world to take a step back, minimize their lives, and spend an immense amount of time cooped up inside their homes. The year came with a unique set of challenges that spanned everything from financial difficulties,…

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Get To Know The New Child Tax Credit

A woman in her kitchen paying a bill by phone while holding her baby.

One of the biggest tax changes that was made this past year is the adoption of a new child tax credit that can be claimed in monthly amounts or at an annual level. This tax credit comes after a flurry of new initiatives aimed at helping low to middle-class households bounce back after the financial…

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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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