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Read MoreCorrespondence From the IRS – yikes!
It’s a moment every person dreads. You pick up the mail and there is an envelope from the IRS. It’s not a refund check. What do you do? Don’t Panic Each year, the IRS sends out millions of “correspondence audits” to taxpayers to request payment...
Read MoreA Map From The IRS
I am not very good with maps. I prefer my cars navigation system or my cell phone GPS telling me when to turn and finding the best and fastest route to my desired destination. Recently, the Tax Advocate Service released a map of our tax system to...
Read MoreWhat You Need to Know About The New Tax Form
What you need to know about the new 1040, and changes to tax law.
Read MorePayroll Taxes From the Employer and the Employee’s Perspective
Employer’s Payroll Tax Responsibility An employer is responsible for reporting income and employment taxes. Employers are also responsible for withholding these taxes and paying them to the IRS on behalf of their employees. Income and...
Read MoreWesley Snipes’ Tax Debt
$9.5 Million in Tax Debt We recently posted a news article on Wesley Snipes’ $9.5 million tax debt. Personally, I love the Wesley Snipes movies I grew up with. My favorites are Passenger 57 and U.S. Marshals. Failing to File Tax Returns...
Read MoreBeware of What You Post on Social Media
Beware of what you post on social media the IRS is watching
Read MoreDeductions That You Can Still Claim
Here Are the Tax Deductions Still Available In our article about the new tax code, we explained that the new standard deduction has changed and that itemizing deductions has been virtually eliminated with the new higher standard deductions. ...
Read MoreAttention Truckers: You Must Report Heavy Highway Vehicle Use Tax in August
Heavy Highway Vehicle Tax Any trucker who has a highway motor vehicle registered in their name with a gross weight of 55,000 pounds or more must file Form 2290, Heavy Highway Use Return. For many of you, the deadline is August 31st. A deadline...
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