Tax preparers prepare more than 85 million tax returns, as observed by the Internal Revenue Service (IRS). However, those who boldly go DIY on their taxes should remember to keep a...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 11/10/2022
What is a tax identification number?The Tax Identification Number (TIN) is a 9-digit number used by the Internal Revenue Service (IRS) for tax purposes. This number can be a person's...
Any tax advisor who is licensed to stand for you before Uncle Sam is called an enrolled agent. It could be when filing a tax return, taking care of an audit, appealing a fine or solving...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 09/03/2021
Opening up the business of your choice is not a walk in the park. It is not enough that you have the necessary capital to invest in the type of shop or store that you have been planning...
It’s that time again. Tax season is just around the corner, and some have already gotten started on the process. When it comes to working on your taxes, it can seem overwhelming....
Passion is Why We Do What We Do It has been my experience that most, if not all, small businesses are formed out of enthusiasm. A person or group of people see an opportunity...
Posted by Farrington Accounting and Tax, Inc. on 03/11/2015
The eighteenth-century philosopher and economist Adam Smith endeavored to systematize the standards that ought to oversee a sound arrangement of taxation. In The Wealth of Nations...
Posted by Elliot Kravitz, ATP on 05/29/2019
Hackers are aware of your unease regarding tax payment, and they are readily taking advantage of it. A total of more than 6.5 million Social Security Numbers (SSNs) were stolen...
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...