The second-quarter deadline for all estimated tax payments just recently passed. This means we are officially in the second half of fiscal year 2018, so it’s the perfect time for an internal tax analysis and self-audit. This will allow time before the end of the...
Achieving a Better Life Experience (ABLE) accounts are savings accounts that allow disabled persons and their loved ones to save money for disability-related expenses. Such expenses could include technological advances to aid in independence, home renovations for...
The deadline for Q2 estimated tax payments was June 15. It highlights a problem with the 20 percent deduction for qualified business income for “pass-through” entities – generally sole practitioners, LLCs, S Corps and partnerships.Tax professionals...
With the expanding popularity of short-term rental programs like “HomeToGo,” “AirBNB” and “HomeAway,” increasing numbers of homeowners are offering to let strangers use their houses, apartments and condos. These involve allowing...
In the wake of tax season, taxpayers can receive a variety of notices from the Internal Revenue Service. How you respond when you get such a notice can be very important. One of the most common types of notices is IRS Notice CP2000. Today we will go over some CP2000...
The old adage “just because you are charged with a crime does not mean you are guilty” is more than just a cliché used by criminal defense attorneys to procure business. Many times there is a real life application.When it comes to tax preparers...
