Tax season is not an enjoyable time of year. Our current tax system forces taxpayers to navigate complex tax issues, fill in various forms and hope they did not mess the whole thing up. But does it have to be this hard? Other countries do not require such a difficult tax process. In Australia, taxpayerscontinue reading…
Three times you need a tax attorney
Tax season is upon us. While going through your tax filings you may wonder when you need additional help. In some cases, an accountant is sufficient. In others, you may benefit from the counsel of an attorney. Examples of situations that warrant contacting a tax attorney include: Starting up a startup. Looking to start your own business? Itcontinue reading…
IRS Crackdown on Fraud May Spillover to Honest Taxpayers Like You
The Internal Revenue Service (IRS) has increased its efforts to crackdown on fraud. The push began in 2015 when tax fraud was at “near crisis” levels. This caused the IRS to pair up with state officials in an effort to better detect false returns. Has this push worked? The IRS’ collaboration with state officials along withcontinue reading…
How did the TCJA impact NOL?
The Tax Cuts and Jobs Act (TCJA) led to major tax reform. We are starting to see the impact of these changes as individuals begin filing their tax returns for the 2018 tax year. Because the changes were so large, it is helpful to focus on specific areas to understand how the TCJA affects thatcontinue reading…
How can I pay an unexpected tax bill?
Perhaps your estimated tax withholdings were not enough or maybe a tax bill has been growing over the years. Whatever the reason for a large, unmanageable tax bill it is important to know that there are options to help you pay your bill. Option #1: Pay a portion of the bill. It can be beneficial to paycontinue reading…