Estimated Tax Payments – Do They Apply To You?
There are two ways to make income tax payments to the IRS throughout the year: through the withholding amount on…
Do You Have a Bank Account in a Country Outside of the United States?
Do You Have a Bank Account in a Country Outside of the United States? Your foreign bank accounts may also…
Where’s my IRS Refund?
Did you know the IRS provides a tool on their website that allows taxpayers to check their refund status? The…
Learning About S Corporation Shareholder Basis
If you have ownership in an S corporation, it is important to have a general understanding of basis. This number…
Do You Need to File Schedules K-2 & K-3?
A Look at Requirements, Exceptions/Relief, Filing Issues
Starting with the 2021 tax year, IRS forms K-2 and K-3 are new schedules that may need to be included…
Why are You in Business? Crafting Your Mission, Vision, and Values Statements
Most large businesses have developed mission, vision, and values statements to help guide them and inform stakeholders about the company’s…
Understanding Your IRS Notice
Dealing with the IRS can be stressful! There are taxpayers who receive an IRS notice and because they are so…
IRS 2022 Limits
Each year, the IRS adjusts tax rates, standard deduction amounts, and other limits to account for tax law updates and…
Tax Provisions in the Infrastructure Investment and Jobs Act
While the Infrastructure Investment and Jobs Act of 2021 (IIJA) is primarily a bill that improves roads, bridges, and transit,…