Uncertain Tax Position? File Form 8275 to Avoid Penalties
May 26, 2023
Are you considering a bold tax position that may significantly reduce your taxes? If approved by the IRS, it’s a win. But if disapproved, be
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Are you considering a bold tax position that may significantly reduce your taxes? If approved by the IRS, it’s a win. But if disapproved, be
You may have noticed that the IRS is in a bad way. It has a backlog of millions of unprocessed paper tax returns, and taxpayers
2022 Last-Minute Vehicle Purchases to Save on Taxes Here’s an easy question: Do you need more 2022 tax deductions? If yes, continue reading. Next easy
Last Minute Tax Deductions Retirement Deductions The clock continues to tick. Your retirement is one year closer. You have time before December 31 to take
Last-Minute Year-End Tax Planning Strategies When you take advantage of the tax code’s offset game, your stock market portfolio can represent a little gold mine
Business Income Tax Deductions The purpose of this blog is to get the IRS to owe you money. Of course, the IRS will not likely
During 2020 and 2021, you may have qualified for the Employee Retention Credit (ERC). With the ERC, you found (or could find) tax credits of
Through October 2022, you can buy Series I bonds that pay 9.62 percent interest. And you receive that rate for six months from the time
You may have heard that the newly enacted Inflation Reduction Act includes an expanded tax credit for electric vehicles. Although this personal credit has gotten
The President signed the Inflation Reduction Act into law on August 16, 2022. It contains some valuable tax credits for homeowners. When it comes to
The IRS noticed that average gas prices across the United States exceeded $5.00 a gallon and took action. Small businesses that qualify to use and
If you own an unincorporated business, you likely pay at least three different federal taxes. In addition to federal income taxes, you must pay Social
Cryptocurrency such as bitcoin is all the rage these days. Crypto is not legal money. It is property, similar to gold. Like gold, its use