IRS Warns Taxpayers Against Scammers
Taxpayers, beware of common tax scams that occur around tax season whether via email or via phone! The IRS continues to bring awareness to avoid you becoming a victim. [...]
Halting Notices Not A Simple Task
In local tax news, Gregory Twachtman, a Washington News Editor, posted the following article: The Internal Revenue Service said that certain changes to its collection policies, particularly when it [...]
2021 Tax Season Letter
Dear Clients, Friends, and Colleagues; Happy New Year! I hope you and your loved ones are healthy and looking forward to the end of this pandemic (fingers crossed!). As [...]
IRS backlog…Tax Season is Coming
The IRS is already facing a backlog and the 2021 tax season is about to start. CBS News reports more here: https://apple.news/AY92bgfQiS221oQq758lDig
The Child Tax Credit
Taxes are a huge issue in Washington right now and one way or the other, we know changes are coming. We will continue to report on proposals on the [...]
Mike’s Tax Bites – Tax Law Changes
There have been many changes to the tax laws in the last several months and with the coming tax season, I thought I would spend the next several blogs [...]
PPP- “Double Dip” allowed
Late in the evening of December 20th, Congress passed the Consolidated Appropriations Act. It is anticipated that President Trump will sign this act into law shortly. The Act provides [...]
Client Mailbag- Gambling Winnings
Dear Mike; I just got back from a trip to Vegas and was lucky and had some good winnings. Are these gains taxable? Cool Hand Luke Dear Cool Hand [...]
IRS Waives Penalty for Many Whose Tax Withholding and Estimated Tax Payments Fell Short in the 2018 Tax Year
The IRS has just released news of waiving the penalty for many taxpayers whose tax withholding and estimated tax payments fell short in 2018. The following was posted by [...]
Crypto-Currency
In our ongoing series on year-end tax tips, we thought we would address Crypto-currency trading. Although the crypto craze seems to be slowing, we find many of our clients have [...]
Bunching Deductions
It’s that time of year again — time to start planning to cut your taxes. Our next few articles will feature ideas we have to try and reduce your [...]
Hurricane Relief
With the hurricane headed for the east coast we thought it would be a good idea for our clients in the path of the storm to see the IRS’ [...]