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…
Your Canceled Debt Could Be Taxable
Your Canceled Debt Could Be Taxable Generally, debt that is forgiven or canceled by a lender is considered taxable income by the IRS and must be included as income on…
IRS Ends Tax Transcript Fax and Third-Party Services
IRS Ends Tax Transcript Fax and Third-Party Services Due to ongoing efforts to protect taxpayers from identity thieves, the Internal Revenue Service no longer offers tax transcript faxing service and…
Recordkeeping Tips for Small Business Owners
Recordkeeping Tips for Small Business Owners Avoid headaches at tax time by keeping track of your receipts and other records throughout the year. Whether you use an excel spreadsheet, an…
How the Sharing Economy affects your Taxes
How the Sharing Economy affects your Taxes If you’ve ever used–or provided services for– Uber, Lyft, Airbnb, Etsy, Rover, or TaskRabbit. then you’re a member of the sharing economy and…
Filing an Amended Tax Return: What you Need to Know
Filing an Amended Tax Return: What you Need to Know What should you do if you already filed your federal tax return and then discover a mistake? First of all,…
Choosing a Legal Entity for your Business
Choosing a Legal Entity for your Business If you’ve decided to start a business, one of the most important decisions you’ll need to make is choosing a legal entity. It’s…