What Happens If You Ignore an IRS Notice?
It’s tempting to set an unopened IRS letter aside and deal with it later. Later gets busy. Later turns into next month. And before you…
It’s tempting to set an unopened IRS letter aside and deal with it later. Later gets busy. Later turns into next month. And before you…
Opening your mailbox to find an envelope from the IRS can make your stomach drop. But before you file it away in the “deal with…
The sunscreen is out, the schedules are filling up, and parents everywhere are doing the math on summer childcare. Day camps are a lifeline—but they’re…
Here’s What It Means for 280E and Your Tax Bill On April 23, the Department of Justice reclassified state-licensed medical marijuana and FDA-approved cannabis products…
Traveling for business? Don’t leave money on the table. Understanding the current rules for deducting out-of-town business expenses is key to making the most of…
If tax law had seasons, 2025 would be the calm stretch before the forecast changes. But several of the rules that have shaped returns for…
In the ever-evolving landscape of the Missouri cannabis industry, staying ahead of tax regulations is as vital as the harvest itself. Sarah Bantz, CPA, head…
Welcome to 2026: the year you finally organize your tax documents before the last week of March. Every January brings a fresh chance to reset…
Big changes are coming to Missouri taxes, and this time they’re in your favor. Thanks to House Bill 594 (HB 594), signed by Governor Mike…
In this article we’re focusing on another top tax scam on the IRS’s 2025 Dirty Dozen: the so-called Self Employment Tax Credit, which is a…
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…
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…
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…
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…
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,…
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…
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,…
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…
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…
With the 2024 elections on the horizon, tax discussions are increasingly focused on potential changes that could impact estate planning strategies. Estate planning opportunities today…
In the fast-paced world of digital currencies, staying informed about the latest tax obligations is more important than ever. With cryptocurrencies becoming increasingly integrated into…
As the time to file your 2023 tax returns inches closer, it’s crucial to arm yourself with strategies that can save you money. Whether you’re…
With the world of business travel in full swing, the appeal of having a corporate airplane grows stronger. Imagine no more waiting in lines, no…
Embarking on the journey of starting a new business is both exciting and daunting. While you might be enthusiastic about your product or service, the…