Estate Planning For Digital Assets

Digital technology has seen great advances in recent years which has drastically changed estate planning for many people. It is important for individuals to think about digital assets when considering planning for the future. Most people only consider physical assets when they are planning their estate for the future, but now it is important to […]

Beware of This New IRS Email Impersonation Scam!

Unfortunately, millions of people around the globe fall victim to a variety of different phishing scams and online scams.  And the most recent scam involves receiving an email from what seems to be the Internal Revenue Service. The IRS has begun to warn taxpayers throughout the United States to be on the lookout for emails […]

What Are The Limitations Of An Accounting Audit?

Audits have become a common theme across a wide variety of different business sectors as they allow an independent entity to analyze a company’s accounting and financial records to make sure everything is in order. This allows businesses to improve their financial strategies as well as to make sure they are conforming to the Generally […]

IRS Contact Virtual Currency Owners in Effort to Collect Back Taxes

The Internal Revenue Service has started sending letters to taxpayers with virtual currency transactions that may have failed to report income and pay the ensuing tax from these transactions or did not report these transactions properly. Why Are The IRS Contacting Virtual Currency Owners? The reasoning behind the IRS sending these letters is part of […]

Using The IRS Withholding Calculator to Determine Amount Withheld

Following the biggest set of tax law changes in over 30 years, the IRS continues to remind taxpayers to do a Paycheck Checkup to help make sure they are having the right amount of tax withheld. What Changes Were Made? The Tax Cuts and Jobs Act (TCJA), tax reform legislation enacted in December 2017, changed […]

Watch Out for ‘Ghost’ Tax Return Preparers!

Unfortunately, the list of tax scams one must be wary of during tax season is fairly lengthy. And, though you should watch out for all the scams on that list, there’s one that is particularly prominent and sneaky, and has subsequently victimized many: ghost tax return preparers. Whether you’ve already finished your taxes this year […]