Category Archives: Blog

Each year the IRS sends millions of letters and notices to taxpayers. Although some people may feel anxious when they receive one, many are easy to resolve. Here’s what to do if you receive a letter or notice from the IRS: 1. Don’t panic. Follow the instructions in the letter. 2. There are many reasons […]

While most taxpayers get a refund from the IRS when they file their taxes, some do not. The IRS offers several payment options for those who owe taxes. Here are eight tips for those who owe federal taxes. 1. Tax bill payments. If you get a bill from the IRS this summer, you should pay […]

Do you work from home? If so, you may be familiar with the home office deduction, available for taxpayers who use their home for business. Beginning this year, there is a new, simpler option to figure the business use of your home. This simplified option does not change the rules for who may claim a […]

Summer is often a time when people make major life decisions. Common events include buying a home, getting married or changing jobs. If you’re looking for a new job in your same line of work, you may be able to claim a tax deduction for some of your job hunting expenses. Here are seven things […]

Late spring and early summer are popular times for weddings. Whatever the season, a change in your marital status can affect your taxes. Here are several tips from the IRS for newlyweds. It’s important that the names and Social Security numbers that you put on your tax return match your Social Security Administration records. If […]

The Internal Revenue Service reminds U.S. citizens and resident aliens, including those with dual citizenship who have lived or worked abroad during all or part of 2012, that they may have a U.S. tax liability and a filing requirement in 2013. The filing deadline is Monday, June 17, 2013, for U.S. citizens and resident aliens […]

The IRS refers to a monthly payment plan as an “Installment Agreement”, or “IA” for short. In order to enter into a payment plan to resolve your back tax liabilities, you must meet a number of basic requirements. Tax Resolution Specialists at many CPA firms assist their clients in meeting these requirements, and then negotiate […]

The IRS Fresh Start program makes it easier for taxpayers to pay back taxes and avoid tax liens. Even small business taxpayers may benefit from Fresh Start. Here are three important features of the Fresh Start program: • Tax Liens. The Fresh Start program increased the amount that taxpayers can owe before the IRS generally […]

The IRS is contacting you to audit your income-tax return. This can cause any small business owner’s stomach to do a flip. Although there is no certain way to avoid a tax audit, there are ways to make it easier on you and you business. What provokes an audit? The IRS may audit a tax […]

The IRS’s annual ‘Dirty Dozen’ list includes common tax scams that often peak during the tax filing season. The IRS recommends that taxpayers be aware so they can protect themselves against claims that sound too good to be true. Taxpayers who buy into illegal tax scams can end up facing significant penalties and interest and […]

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