Aug 9, 2022
Identity thieves are becoming more creative in hitting people with realistic-looking emails and texts about their tax returns and refunds. These messages claim to be from the IRS.
The IRS will only send snail mail letters. They will never contact you via text, phone, or social media.
Scammers use these tactics to obtain...
Aug 2, 2022
New investors may forget to consider taxes when dipping their toes into the crypto world. However, the IRS is cracking down on tax compliance. Be aware of how to handle your tax reporting when it comes to your digital assets.
Taxable events from crypto investments require tax reporting. A taxable event means a...
Jul 26, 2022
Are you unsure where to start with your tax planning? Do these simple tips that individuals like you can follow.
You should max out your retirement plan. Remember that withdrawing funds from a retirement account can trigger additional taxes of up to 40% or more. Ensure you have confirmed your withholdings.
Consider...
Jul 5, 2022
No one likes the stress involved when your tax return is under the spotlight. There are some ways to avoid common audit triggers.
Make sure to report everything with an informational return. Most likely, you’ll receive either a W-2 or a 1099 form, and the IRS gets a copy of it, too. If your tax return exceeds or...
Jun 28, 2022
Businesses and employees have struggled with the onslaught of COVID-19.
In November 2021, the IRS enacted the Employee Retention Tax Credit (ERC), a refundable tax credit designed to reward business owners for employee retention throughout the pandemic. Business owners impacted by COVID-19 can claim up to $5,000 in...