The tax season may be over for most taxpayers, but fraudsters do not give up. The Internal Revenue Service (IRS) has recently warned taxpayers and tax professionals against a new fraudulent...
Posted by Elliot Kravitz, ATP on 09/30/2019
Tax season is a time that most of us both anticipate and dread. On one hand, there's the excitement of a potential tax refund, but on the other, there's the looming confusion...
Posted by True Tax Service on 10/21/2023
Who is a tax dependent?A tax dependent is a relative or child whose characteristics and relationship with you allow you to claim certain credits and tax deductions, such as head of...
Posted by CORE PERFORMANCE on 03/10/2022
Expenses incurred due to the legal costs of running a profitable business that yields an available income is usually listed as a tax-deductible expense. It's only when the legal...
Posted by CORE PERFORMANCE on 01/09/2022
Even the most responsible business owner can fall behind with taxes. Every year, unforeseen delays, expenses, and other financial hardships keep people from paying their taxes to the...
Posted by CORE PERFORMANCE on 12/27/2021
As a sole proprietor, you are solely responsible for your business. You will need to encounter additional tax and reporting requirements, but you may also be eligible for certain tax...
Posted by CORE PERFORMANCE on 10/24/2021
In the course of a business, there are times you need to face legal proceedings. Expenses relating to such proceedings, which helps produce income that can be assessed, can generally...
Posted by Flynn Financial Group Inc on 06/24/2021
A flexible spending account, or FSA, is a pre-tax expense account that many employers offer for employees' benefit. These bills allow you to pay necessary expenses without paying...
Posted by Flynn Financial Group Inc on 04/06/2021
Tax season is in full swing, as are the phone scams that claim to be from the IRS. Scammers are using new tactics, and some will call to say they have your tax return and just need...
Posted by Flynn Financial Group Inc on 03/31/2021
