Too Good to Be True: The Truth About Fuel Tax Credit Scams
When Scams Go Off-Road (Literally) Welcome back, savvy taxpayers! We’re rolling into No. 5 on the IRS’s annual Dirty Dozen list: the infamous False Fuel Tax…
Big Tax Shifts Ahead: What’s in the “Big Beautiful Bill” for Families and Businesses
The tax landscape may soon shift again. The “One Big Beautiful Bill,” passed by the House in May, is now being debated in the Senate—and…
Meet Johny Tran: Helping Clients Navigate Complex Tax Needs
Johny has been part of the Smith Patrick CPAs team for some time, working behind the scenes to help our clients navigate increasingly complex tax…
Fake IRS Account Helpers Are After Your Info
In the third article of our IRS Dirty Dozen tax scam series, we look at how scammers pose as helpful IRS account assistants to steal…
The Dangers of TikTok Tax Tips
Bad advice travels fast—especially online. In the second article of our IRS Dirty Dozen series, we break down how viral tax myths can land you…
Living Abroad? 10 Tax Truths Every U.S. Expat Should Know
Living abroad might feel like a fresh start, but when it comes to taxes, the U.S. keeps you on its radar. If you’re an American…
How to Spend Your Tax Refund Wisely (Without Regret or Buyer’s Remorse)
Ah, tax season. That magical time of year when the IRS might just send you a check for overpaying them all year long. It’s like…
Kicking Off Our IRS Dirty Dozen Series: Don’t Click That “IRS” Email
Email Phishing Scams: Don’t Take the Bait Every year, the IRS releases its Dirty Dozen list—a roundup of the top 12 scams targeting taxpayers, and…
Oops! Missed the Tax Filing Deadline? Here’s What to Do Next
So, April 15th came and went, and your tax return is still sitting in your to-do pile. First, take a deep breath. You’re not alone,…
Dodging the Tax Traps: Common Expat Mistakes (and How to Avoid Them)
Moving abroad is an adventure—new culture, new cuisine, new… taxes? That last one isn’t exactly the highlight of anyone’s expat experience, but it’s crucial to…
The IRS “Dirty” Tax Scams to Avoid in 2025
Tax season already requires a leap of faith—but with scammers in the mix, that leap lands you flat. The IRS just released its 2025 Dirty…
What U.S. Expats Should Know About Taxes Abroad
Sunsets in Spain. Pasta in Italy. Life abroad has plenty of perks—but tax season isn’t one of them. For U.S. citizens and Green Card holders,…
Filing Last-Minute Taxes? Here’s How to Save—and Stay Sane
We’re in the final stretch of tax season. If you haven’t filed yet, you’re not alone. The IRS says about 25% of Americans wait until…
Why a Fractional CFO May Be the Right Fit for Cannabis Businesses
Let’s be real: running a cannabis business is no easy feat. Between evolving regulations, complex taxes, and managing cash flow in a largely cash-heavy industry,…
How to Make Tax Season Less Painful (Yes, Really)
Tips for Getting Organized and Working with Your Accountant Tax season is back—cue the collective groan. But it doesn’t have to be a stressful, last-minute…
What You Should Know When Choosing a Tax Professional
When tax season comes around, many taxpayers turn to tax professionals to help them prepare their federal tax return. However, choosing a tax preparer requires…
Accounting | Consulting | Tax
What is a Fractional CFO (and Do You Need One)?
Managing your business’s finances can feel like trying to assemble a puzzle without all the pieces. That’s where a fractional CFO comes in—someone who helps…
Home Sale Taxes Explained: How Tax Basis Impacts What You Pay
With home prices continuing to rise, many homeowners are thinking about the tax implications of selling their property. One critical concept that often gets overlooked…
Smart Tax Strategies for International Business Travel
Traveling abroad for work? If you’re planning a business trip overseas, understanding the tax rules can help you maximize deductions and avoid unnecessary expenses. From…
529 Plans Evolved: Flexible Savings for Education and Beyond
529 plans have long been a trusted tool for saving for education expenses, offering tax advantages and flexibility for families. Now, with a recent rule…
Understanding Taxes on Gifted Property Sales: Key Rules and Examples
Selling gifted property can have unexpected tax implications, and understanding these rules is crucial to avoid surprises. Your tax liability hinges on the property’s basis—a…
Year-End 2024 Tax Planning: Make Smart Moves Before the Ball Drops
As we say goodbye to 2024, it’s time to get serious about tax planning. Major life events, new laws, and investment opportunities all play a…
BOI Compliance Deadline Approaching: What Business Owners Need to Know
As the year-end draws closer, U.S. businesses face a significant new compliance requirement: Beneficial Ownership Information (BOI) reporting. This new federal mandate stems from the…
Tax Scams Exposed: How to Protect Yourself This Holiday Season
With holiday season just around the corner, while most of us are busy trying to maximize deals on Black Friday, scammers are busy trying to…