IRS Delays in Processing
This has been a rough year for interactions with the Internal Revenue Service. In fairness to the IRS, they are massively understaffed thanks to the Covid pandemic. That does [...]
Law and Tax Go Hand in Hand
Happy June 1st! Summertime marks the busy season for real estate transactions, including the popular 1031 exchange for investment properties. Whether you are purchasing a home or selling a rental [...]
Tax Relief for Victims of Hurricane Irma
From the Desk of Lauran L Stevenson Tax Relief for Victims of Hurricane Irma Hurricane Irma left record breaking damage in its wake, leaving many taxpayers in uncertainty for the [...]
IRS Tips to Taxpayers Preparing for Hurricane Season
From the Desk of Lauran L. Stevenson IRS Tips to Taxpayers Preparing for Hurricane Season The Atlantic hurricane season officially begins June 1. Last week, the Internal Revenue Service offered [...]
President Trump’s New Tax Proposal
From the Desk of Michael T. McCormick President Trump’s New Tax Proposal President Trump outlined his new tax proposal on Wednesday that the Administration intends to submit to Congress. “Today [...]
Year End Tax Planning Series
From the Desk of Michael T. McCormick Year End Tax Planning Series Although tax planning is a 12-month activity, yearend is traditionally the time to review tax strategies from the [...]
Taxpayer Bill of Rights: The Right to Finality
From the Desk of Lauran Corcoran Taxpayer Bill of Rights: The Right to Finality This right is of particular importance to taxpayers and one that is often misunderstood. The timeframes [...]
Employee VS Independent Contractor
From the Desk of Michael T. McCormick Employee VS Independent Contractor I enjoy fielding questions from clients. For my next several Friday Tax Tips I am going to write about [...]