It is true. There are inescapable certainties in life: death, and taxes. These issues are not local…people all over the world must deal with them. From a cohesive standpoint, these two concerns bind us all together. Looking to find common ground with a stranger? Look no further than the topics….
No business owner wants to receive an IRS audit letter. From panic to fear, IRS audits elicit an immediate reaction from even the most by-the-book business owners. The harsh reality is that anyone can receive an IRS audit letter, regardless of how comprehensive the business’s accounting, bookkeeping, tax planning, and….
An unfortunate combination of the government shutdown and the usual millions of tax returns needed to be processed has resulted in the Internal Revenue Service (IRS) scrambling to get things back in order. Now that the IRS has reopened, its employees are working diligently to resume their regular operations. On….
Tax season is here and, unfortunately, that means identity theft is something that everyone should be aware of and ready to prevent. Tax-related identity theft has been rising over the last several years and is forecasted to continue. As such, the Internal Revenue Service (IRS) has implemented a variety of….
The late John Wooden once said, “It’s the little details that are vital. Little things make big things happen”. While a college basketball coach (who happens to rank first in NCAA Division I Men’s Final Four appearances) may seem irrelevant to filing taxes, the truth is that paying meticulous attention….
Contrary to popular belief, the Internal Revenue Service (IRS) seldom audits taxpayers. In fact, only about 1 percent of all tax returns processed are subject to an IRS audit. However, it is interesting to note that historically wealthier individuals and the most successful of businesses are more likely to get….
Mark Twain once said, “I shall never use profanity except in discussing house rent and taxes.” Expletives aside, paying taxes is stressful to everybody, no matter what specific financial situation one might find themselves in. Almost always met with frustration, stress, and scrambling, tax filing season is something that everyone….
Florida residents who were victims of Hurricane Irma will now have an extended tax deadline. This week, the Internal Revenue Service (IRS) announced that people in parts of Florida and elsewhere who have suffered during Hurricane Irma will now have until January 31, 2018 to file certain business and individual….
Do you know your filing obligations if you have a foreign bank account? Most people don’t, and we are here to help! The law of the land has always obligated United States citizens and residents to declare and pay tax on their worldwide income, regardless of where those earnings originated. ….
For all of the procrastinators out there, you’ve got 3 extra days to file your 2016 federal tax return. Typically, the tax return filing deadline is on April 15th each year. In 2016, however, the deadline is on April 18th to reflect the Washington D.C. Emancipation Day holiday’s observation on….