BLOG

With the new year underway, millions of taxpayers are preparing for tax season. Simultaneously, cybercriminals and IRS impersonators are gearing up for tax return crimes that take your tax returns. From anticipated tax return loan scams, tax fraud, identity theft, and everything in between, bad actors wait for tax return season every year. Common tactics…

Tax season is here, and if you’re like millions of Americans, you’re considering your options for filing your 2022’s tax return. Some taxpayers will use popular tax preparation home software packages for filing and receiving refunds. Broadly speaking, these software offerings do an okay job with simple automation and click-throughs. Software-aided tax automation is the…

It’s almost tax season, and there are changes that some people in the workforce should understand so they can manage tax burdens. PayPal and other payment apps have tax-paying processes built into the structure so that users can easily pay taxes on income from contracts. This contract income now forms a substantial part of the…

The 2023 tax season starts January 1, 2023, the day the IRS accepts 2022 tax returns. Of course, filers still have until April 18, 2023, to get their returns in. Remember, 2023 tax filing deadlines apply to tax-paying obligations from 2022. While taxpayers wrestle with keeping resolutions, the IRS restarts its process of weeding through…

We live in a fast-paced society of internet-connected smartphones and other electronic devices, many of which we believe we couldn’t live without. But, few understand what happens behind the scenes to make our lives run efficiently. For instance, providing meals for a family is as easy as installing an app on your smartphone, answering a…

The Covid-19 pandemic caused fundamental changes to the e-commerce universe. On a global scale, consumers began buying everything online. Although many service industry jobs disappeared, some entrepreneurs started businesses selling things through online retailers, increasing the need for e-commerce accounting. This targeted form of accounting helps small businesses compete in competitive marketplaces. From eggs and…

For the past several years, the IRS has been publishing “The Dirty Dozen,” a list of twelve tax scams the IRS wants taxpayers to look out for. This yearly list has “well-known” scams that criminals try year after year, usually around tax time. The telephone seems to be the best tool for these scammers. Even…

The financial world is still talking about the Bureau of Labor Statistics’ news that inflation rose to a 40-year high of 8.5% in March 2022. As Americans fill their gas tanks and plan weekly grocery budgets, prices are going up everywhere! The Federal Reserve raises interest rates to hedge against Covid-19 has created a volatile…

Do you find yourself looking for expert tax advice that goes beyond the standard online software? Perhaps you’re one of the millions of people that tried online selling? According to the latest numbers, there are about 32.5 million small businesses in the U.S. with many of these having only one or two employees.  Regardless, businesses…

The tax filing deadline has come and gone as households throughout the U.S. wait for tax refunds. Unfortunately, some taxpayers will come under scrutiny from the IRS, scrutiny that for most is routine. However, for a small cross-section of taxpayers, an IRS tax audit represents the beginning of a long process of detailed financial scrutiny.  …