Learn why small business owners need a business valuation & its benefits. Increase value, attract investors, & get tax benefits. Get insights on retirement planning, partnership dissolution, & tax savings in this blog by a trained CPA. Read now.
Creating your own Pot O’Gold March, the month for green. Not in the sense that spring is coming complete with the anticipation of green leaves and green grass that needs mowing (sorry, that part can wait). No, green as in money. Specifically, making, keeping, and saving more of it to be used to fulfill on
In an unbelievable move to get current on their workload the IRS destroys 30 million paper filed documents. Click to read more
2021 Child Tax CreditWhich children qualify?For tax year 2021, a qualifying child is an individual who does not turn 18 before January 1, 2022, and who satisfies the following conditions:The individual is the taxpayer’s son, daughter, stepchild, eligible foster child, brother, sister, stepbrother, stepsister, half-brother, half-sister, or a descendant of any of them (for example,
Security Summit: Tax pros should encourage clients to obtain IP PINs to protect against tax-related identity theft.WASHINGTON : Internal Revenue Service Security Summit partners today called on tax professionals to increase efforts to inform clients about the Identity Protection PIN Opt-In Program that can protect against tax-related identity theft. The IRS, state tax agencies and the
The new most asked question in 2021 is…Where’s my refund!?(The most asked question had been…Where’s my mask?) On July 1, 2021 the National Taxpayer Advocate (Erin Collins), released her annual IRS report. Here is some information for those awaiting refunds or responses:The IRS has a current backlog of 35 million unprocessed individual and business tax