In 2024, you may have made substantial gifts to your children, grandchildren, or other family members as part of your estate planning. Or maybe you just wanted to help those…
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The Internal Revenue Service has announced a new initiative to enhance tax compliance and ensure equity. The campaign will concentrate on wealthy taxpayers who have neglected to file their federal…
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Filing your taxes is never a fun thing to do, but if you don't file a return, you can expect the IRS will come calling. They have the authority to…
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We regularly receive emails from taxpayers with questions regarding their IRS tax problems. Since many taxpayers face similar issues, we have decided to share one question and our response on…
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This could be another rough tax filing season for the IRS and taxpayers. Although this year’s tax season opens January 24, 2022 (i.e., it is the first day the IRS…
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Sometimes, it can feel like filing taxes is more of an art than a science. Tax laws are constantly changing. You must also rely on employers, banks, and other organizations for…
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You are not alone. We’ve heard from some clients who are still waiting on refunds from returns filed early in the year. In normal times, unless there is an error,…
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The US income tax system is what the IRS calls “pay-as-you-go,” which means that you can’t sit down to file your tax return in the spring and pay all of…
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As tax time approaches, here are some tax issues that taxpayers frequently overlook, ranging from obscure deductions to overlooked tax credits and benefits.
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Tax time can be one of the most hated times of the year. Just preparing the forms is enough to be an irritant, and if you owe the government money…
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