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 [...]

Tax Planning Tips The tax code is about 75,000 pages long, so it’s not surprising there are many overlooked money-saving deductions hidden within it. And with the much higher standard deduction [...]

Homeowner Tax Rules Changing Home-related tax rules changing over the past few years have caught some taxpayers by surprise. When your mortgage company reports tax-related information to you and [...]

IRS Turning Off Some Automated Notices In a recent announcement, the IRS is telling taxpayers it’s turning off some of its automated notices. Here is what you need to know. Background: With [...]