Prevent Tax-Related Identity Theft with an IRS IP PIN
In recent years, identity theft has invaded the lives of many tax payers as fraudsters have filed false tax returns and other schemes. Top Recommended…
Selling a Home? Important Tax Facts You Need to Know
Summer is a popular season for families to sell their home and move. The IRS recently issued important reminders for people selling a home and…
High Gas Prices Lead IRS to Increase Mileage Rate for 2022—Again
The Internal Revenue Service recently announced a mid-year mileage rate increase, used for calculating business tax deductions for vehicle use. This rare mileage increase is…
Taxes on Sale of Gifted Property: What you need to know
You’ve received a gift of property. It’s important to learn about the tax consequences if you decide to sell that property. In the event of…
Is a Dynasty Trust right for you?
With the Biden administration discussing changes to the tax code, it makes sense to consider creating a family legacy, like a dynasty trust, for your…
Accounting | Consulting | Tax
Installment Sales: Defer Taxes, Attract Buyers
With escalating prices and the era of COVID-19, Installment sales may be a good way to attract buyers even if they don’t the ability to…
Tax Checklist for Newlyweds
It’s that time of year when wedding bells are ringing. After the honeymoon is over, what do the newly married need to do for taxes?…
Accounting | Consulting | Tax
Closing a Business? Here’s What You Need to Know about Taxes
If you’ve decided to close a business, it’s important to take care of your Federal tax obligations. Company owners can mistakenly think that because the…
Accounting | Cannabis | Tax
Things to Know About Tax Audits—Including Cautions for Cannabis Businesses
This year, the IRS will audit hundreds of thousands of tax returns. One in 100 businesses will be audited. The easiest way to survive a…
How to Know It’s Really the IRS Contacting You
You’ve just heard from someone claiming to be from the IRS. Now what? How can you tell if this person is legit or a scammer?…