Settling Tax Debt With an IRS Offer in Compromise
Settling Tax Debt With an IRS Offer in Compromise An offer in compromise (OIC) is an agreement between a taxpayer and the Internal Revenue Service that settles a taxpayer’s tax…
Homeowner Records: What to Keep and How Long
Homeowner Records: What to Keep and How Long Keeping full and accurate homeowner records is not only vital for claiming deductions on your tax return, but also for determining the…
It’s Not Too Late to Check Paycheck Withholding
It’s Not Too Late to Check Paycheck Withholding Did you know that the average tax refund was $2,729 for tax year 2018? While some taxpayers may find it advantageous to…
Scam Alert: Watch out for IRS Impersonation Emails
Scam Alert: Watch out for IRS Impersonation Emails Taxpayers should be aware that a new IRS impersonation scam email campaign is making the rounds. This latest scheme is yet another…
Credit Reports: What You Should Know
Credit Reports: What You Should Know Creditors keep their evaluation standards secret, making it difficult to know just how to improve your credit rating. Nonetheless, it is still important to…
Three Tips for Getting an Accurate Business Valuation
Three Tips for Getting an Accurate Business Valuation If you’re conscientious about financial reporting, you may already have a sense of your company’s worth, but in some instances, you might…
Who Can Represent You Before the IRS?
Who Can Represent You Before the IRS? Many people use a tax professional to prepare their taxes. Anyone who prepares, or assists in preparing, all or substantially all of a…
Two New Tax Scams to Watch out For
Two New Tax Scams to Watch out For Although the April filing deadline has come and gone, scam artists remain hard at work. As such, taxpayers should be on the…
What to Do if You Receive an IRS CP2000 Notice
What to Do if You Receive an IRS CP2000 Notice An IRS CP2000 notice is mailed to a taxpayer when income reported from third-party sources such as an employer, bank,…
Deducting Business-Related Car Expenses
Deducting Business-Related Car Expenses If you’re self-employed and use your car for business, you can deduct certain business-related car expenses. There are two options for claiming deductions: Actual Expenses. To use…