Kelly wants you to know the top 4 red flags for an IRS audit.

 February 15, 2024

As Americans file returns this season, some worry about IRS audits amid agency efforts to ramp up service, technology and enforcement. Recent IRS enforcement has targeted high-income individuals, large corporations and complex partnerships. But everyday filers could still face an audit — and certain issues are more prone to IRS scrutiny, experts say. Read More… https://www.cnbc.com/amp/2024/02/13/here-are-some-of-the-top-red-flags-for-an-irs-audit-tax-pros-say.html… Read More

Kelly wants you to know about the IRS requesting Crypto information.

 January 25, 2024

The Internal Revenue Service has revised the question it has asked in recent years about income from digital assets such as cryptocurrency on the Form 1040 for individual taxpayers this tax season and added it for the first time to tax forms for estates, trusts, partnerships and C and S corporations. “At any time during… Read More

Kelly wants you to know services we provide in addition to just tax preparation:

 January 11, 2024

Estate, Gift, and Trust assistance Business Owner Tax Planning Tax Bracket Maximization Social Security Advice and Maximization Executive Compensation Planning Charitable Giving Planning Family CFO Planning Changing Domicile Saving for College Real Estate Investment Planning Personal Financial Planning   We usually schedule these type of meetings after April 15th, but will tackle them during tax… Read More

Laurie wants you to know when electronic filing starts this year

 January 9, 2024

Tax filing season will officially begin on Monday, Jan. 29, 2024, the Internal Revenue Service said Monday. While that will be the day that the IRS begins accepting and processing returns, we can start submitting before that date. Our software will hold the electronic return submission until IRS is ready to start processing.… Read More

Taylor wants to give an update on the IRS and the Employee Retention Tax Credit (ERC)

 December 7, 2023

In September the IRS announced a moratorium on processing any new ERC claims because they had received a large number of claims from “ERC Mills” who were advertising and placing robocalls using questionable representations that they could get large refunds for taxpayers.  Yesterday IRS announced that they were sending over 20,000 letters rejecting some of… Read More