BLOGS

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…

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…

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…

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…

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…

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…

2020 was a tough year for all of us. The COVID-19 pandemic turned our world upside-down, with millions of Americans losing their jobs, becoming displaced, or being quarantined and working from home. The pandemic made every aspect of life more difficult, and taxes were not exempt from those changes and difficulties. The new relief provisions…

We all live in fear of having our identities stolen and used against us, incurring enormous costs and headaches along the way. The reality is that even though identity theft is down year over year, the costs of these threats keep going up. We have watched as over the years cybercriminals have become more effective,…

Let’s be honest, 2020 threw all of us for a loop. From sudden and drastic changes to the way we live to financial strains put on all of us from the COVID-19 pandemic, many of us have been left reeling from the sudden upheaval. The tax code and tax laws for businesses were far from…

We’ve all heard the horror stories, and most of us live in fear of finding the dreaded envelope from the IRS lingering in our mailbox. The IRS sends out letters for a number of different reasons, but the most common letters deal with inconsistencies that the IRS is trying to clarify or a balance due…