by Request Team | Oct 18, 2021 | Uncategorized
There are many reasons a business owner may choose to close their doors, and there are many things that must be done to go out of business. Two important steps all business owners must take are fulfilling their federal tax responsibilities and informing the IRS of...
by Request Team | Sep 15, 2021 | Uncategorized
Many Americans have been working from home due to the pandemic, but only certain people will qualify to claim the home office deduction. This deduction allows qualifying taxpayers to deduct certain home expenses on their tax return when they file their...
by Request Team | Sep 1, 2021 | Uncategorized
Taxpayers have the right to challenge the IRS’s position and be heard. This is part of the Taxpayer Bill of Rights, which clearly outlines the fundamental rights every taxpayer has when working with the IRS. Taxpayers have the right to: • Raise...
by Request Team | Jun 10, 2021 | Uncategorized
It’s important for taxpayers to understand how selling their home may affect their tax return. When filing their taxes, they may qualify to exclude all or part of any gain from the sale from their income. Here are some key things homeowners should consider...
by Request Team | Jun 8, 2021 | Uncategorized
The Internal Revenue Service has started sending letters to more than 36 million American families who, based on tax returns filed with the agency, may be eligible to receive monthly Child Tax Credit payments starting in July. The expanded and newly-advanceable Child...
by Request Team | May 26, 2021 | Uncategorized
Are you paying your kid (or grandkid) to work for your business? You’re not? You should. No, I’m not saying you should put your four-year-old behind the receptionist desk to take calls. Or ask your middle-schooler to assist you in business deals. But if you have a...
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