IRS information for recipients of the Advance Child Tax Credit and the third round of Economic Impact Payments

WASHINGTON — The Internal Revenue Service announced today that it will issue information letters to Advance Child Tax Credit recipients starting in December and to recipients of the

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Tax benefits help charities in 2021

Expanded tax benefits help individuals and businesses give to charity in 2021. Recent legislation includes several provisions to help individuals and businesses who give to charity. The new

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Taxpayers who aren’t eligible for the child tax credit should look into the credit for other dependents

The credit for other dependents is a tax credit available to taxpayers for each of their qualifying dependents who can’t be claimed for the child tax credit. The

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Deductions For The Business Owner

Congratulations on becoming a business owner. Whether it is your first business or your seventh business it is an exciting time. When you begin a new business, you

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Accounting Methods – Cash and Accrual

When starting a business, you have to determine the method you are going to use for accounting and paying taxes. The two choices are the cash method and

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Business owners should visit IRS.gov for help with tax actions when closing a business

Closing a business is always a difficult decision regardless of the circumstances. With this in mind, the IRS redesigned the closing a business page of IRS.gov to help business owners

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Know and understand your correct filing status

Taxpayers need to know their correct filing status and be familiar with each option. Generally, the taxpayer’s filing status depends on whether they are single or married on

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Tips for choosing the best tax pro in your area!

DECISIONS DECISIONS! Are you familiar with your options for tax preparers in your area? Do you know which tax plan will offer you the best solutions for your

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Top reasons you should consider hiring a tax pro for the 2022 season.

HIRING A PROFESSIONAL IS AN INVESTMENT Hiring a professional tax preparer may not seem like the most cost-effective option compared to online tools that are available for free

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Why you may want to hire a professional tax preparer for your tax filing this year.

LIFE CHANGES INCREASE YOUR NEED FOR PROFESSIONAL SERVICES Filing your taxes can be quite a pain, especially if you have some unusual elements to your filing process that

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