Tax Audit Representation: Items To Consider
Tax audit representation is the process of engaging a tax professional who specializes in the audit process and is highly familiar with IRS language and administrative procedures.
Financial Statement Presentation: Items To Consider
A financial statement is one of several different accounting documents that provides specific information about one area of a business and its performance.
New Form 1099 Reporting Coming in 2022
There are some differences for 1099 reporting coming in 2022. This article details the 1099-k form, who is required to report, and who will receive one in the future.
Understanding the Tax Implications of Cryptocurrency
The IRS issued Notice 2014-21 on March 25, 2014, which, for the first time, set forth the IRS position on the taxation of virtual currencies such as bitcoin.
Tax Return Preparation: What You Should Know
If you don’t have a tax preparer, a good way to find one is to ask friends and advisors (such as an attorney you know) for referrals. Be sure that the person you choose has a preparer tax identification number (PTIN) showing that they are authorized to prepare federal income tax returns.
Tax Planning: What You Should Know
You can’t really plan for the future if you don’t know where you are today. So the first tax planning tip is get a grip on what federal tax bracket you’re in.
Tax Preparation: Tax Prep Checklist
Here are 6 keys to help you with tax preparation. Use this checklist when preparing your return.
Beware of Offer in Compromise Mills
Resolve your tax debt for pennies on the dollar? Sounds pretty good right? Beware of these advertisements, they can be scams. The IRS warns taxpayers of this and other scams in its list of the “Dirty Dozen.” According to the IRS website: “Offer in Compromise mills contort the IRS program into something it’s not –…
Beginners’ Guide to Financial Statements
Keys The Basics Many people find financial statements so complex that they shut down if they even hear/read the term “financial statement.” If you can follow a recipe or apply for a loan, you can learn basic accounting. The basics aren’t difficult and they aren’t rocket science. In this blog, you will gain a basic…