It's important to file your tax return by the due date. Avoid penalties and interest by filing and paying on time. If you're having trouble, the IRS has options to help. Here are some tips: Even if you can't pay in full, it's better to file on time and pay as much as you can. If [...]
The IRS conducts audits by mail to verify a taxpayer's eligibility for child-based refundable credits, such as the Earned Income Tax Credit. Typically the IRS holds the refund until the audit is complete. For Earned Income Tax Credit audits, you'll usually need to provide documentation verifying your relationship to the children claimed and that they lived [...]
Those who use digital assets may be wondering what their reporting requirements are come tax filing season. This 75-minute IRS webinar covers both existing and new reporting requirements so you can get all your questions answered. If you have any additional questions, please reach out to our office and we'll walk you through the answers.
All employers should be alert to a dangerous Form W-2 email scam. It's a threat to tax data and to your workers. These emails appear to come from someone in authority. They may say something like, "I'm analyzing some reports and need a copy of our W-2s for last year. Please send ASAP." Once the W-2s [...]
It's an unfortunate reality that some businesses must permanently close their doors. If this happens to you, there are some tax-related steps you'll need to take. Here's a quick checklist of some things to do: First, if your business is no longer operating, you still need to file all final tax returns for your business by [...]
