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Improve Next Year’s Tax Situation Now! Whether you receive a big refund or pay your taxes on tax day, taking action now can ensure next year’s tax bill is optimized by not paying a dollar [...]

Replacing Lost Tax Breaks for Your Growing Children Your kids are getting older. Before you know it they’ll be dating, driving and entering college (if they aren’t already!). Tax breaks [...]

Audit Target: The Sole Proprietor Each year the IRS publishes their activities in a publication called the Data Book. And each year for the past number of years the number one target of audits [...]

Stop the Clock: Your most important defense against an audit In a tax court decision, a judge ruled that a joint tax return not signed by both spouses is not a validly filed tax return.* This [...]

Reasons to File Early: When it makes sense to file a tax return as soon as you can The 2022 tax filing season officially begins when the IRS starts accepting tax returns in late January and early [...]

5 Year-End Tax Essentials Before 2022 comes to a close, take some time to review these essential items to ensure you are not missing something that could cause tax trouble when you file your tax [...]

Understanding Tax Terms: Contemporaneous Records Everyone needs to know what this means! If you have problems getting to sleep at night and you turn to the IRS tax code for help, you might find [...]

TAX PREPARATION Now is a good time to assess your current situation and address those lingering tax moves that may improve your tax picture for 2022. Here are five things to consider: Check on [...]

The New $7,500 Tax Credit That Isn’t. What you need to know A highly-touted tax credit in the recently-passed Inflation Reduction Act is meant to incentivize Americans to purchase electric [...]

The Audit The IRS reported audit rates continue to be low…very low. But that is now changing with thousands of auditors being hired for a post-pandemic scale-up of their reviews. So don’t [...]