CERTIFIED PUBLIC ACCOUNTANT
April of 2016 may be a great time for many small business owners. Previous laws allowing write-offs and credits have been extended, while a few new credits have been signed into law. The PATH Act and the Omnibus Spending Bill were both passed at the end of 2015, both of... Continue reading →
Have you ever wondered what would happen if you simply did not file your income tax return? While few people would flout tax laws, some choose to do so. Under a new law passed by the Obama administration, the failure to file penalty will go up as of the end... Continue reading →
Paying IRS by Check? Words of Caution Many people prefer to pay the IRS by check. After all, this leaves a paper trail and often makes tracking payments easier on the individual’s end. However, there are a few simple things that anyone paying IRS by check needs to do. 1. Annotate It... Continue reading →
There are few things that people dread more than a notice from the IRS. Every year, the IRS sends millions of IRS notices, most of which are met with panic. People are so likely to comply with an IRS claim that these are even the subject of many scams and... Continue reading →
Some small business owners do their taxes themselves to save money. However, because of business tax credit abuse, the IRS is cracking down on business credits of all kinds. IRS commissioner John Koskinen recently announced the IRS’s commitment to catching business tax credit abuse. What he didn’t announce was that... Continue reading →
