The 2019 tax season has ended (unless you filed for an extension until October 15, 2019) and you’re probably ecstatic that you can forget about taxes again for a whole year. However, by doing so, you could be making next year’s tax season a lot harder on yourself.
The 2019 tax season has ended (unless you filed for an extension until October 15, 2019) and you’re probably ecstatic that you can forget about taxes again for a whole year. However, by doing so, you could be making next year’s tax season a lot harder on yourself.
The 2019 tax season has ended (unless you filed for an extension until October 15, 2019) and you’re probably ecstatic that you can forget about taxes again for a whole year. However, by doing so, you could be making next year’s tax season a lot harder on yourself.
The 2019 tax season has ended (unless you filed for an extension until October 15, 2019) and you’re probably ecstatic that you can forget about taxes again for a whole year. However, by doing so, you could be making next year’s tax season a lot harder on yourself.
An audit notification from the IRS scares many people. But knowing how the process works can reduce some of the stress involved
Looking for a way to settle your tax debt for less than the full amount? An Offer in Compromise may be an option if you meet the IRS program’s qualifications.
There are times when a client may have financial difficulty paying the full amount of income taxes due by the due date. In situations like this, the IRS may allow the client additional time to pay the owed amount. This agreement with the IRS for extended payback time is called an installment agreement.
For nearly everyone, seeing an envelope from the IRS or DOR in your mail can cause a brief moment of panic. You may be afraid to look at the envelope, let alone open it. Perhaps you’re even tempted to postpone dealing with it and throw it in the pile of mail that you’ll get to later. You may even be so overwhelmed with nervousness that you write out a check and mail it without even investigating why you received the Notice in the first place. So, what should you do when you get a Notice from the IRS or DOR?
The Tax Cuts and Jobs Act signed into law December 22, 2017, by President Donald J. Trump is the largest tax code overhaul in 30 years. The reform itself is massive and contains many tax law changes, most of which are extremely complex and many which go into effect on January 1, 2018. This article explains some of the “most noteworthy” changes that affect the taxation of individuals. In addition to providing you with a summary of some of the changes, it also clearly defines the effective dates (many of which include an expiration or “sunset” provision).
Whether reacting to an IRS letter or being proactive in seeking tax planning help, it’s crucial that you find a tax CPA that has the right qualities. Beyond being tax experts, a good tax accountant can also provide IRS and DOR representation, personal financial planning, business valuation, litigation services, and tax assistance and planning.