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Fraudulently filed tax returns are becoming more common each year. Follow these steps to reduce your risk of ID theft and know what to do if your information is used in tax fraud. Read More

Floods, fire, theft, accidents. All unfortunate and expensive events, but you may be entitled to a tax deduction for losses suffered. While these deductions won’t necessarily make you whole, they will help ease some of the financial burden. Read More

Some folks need a little extra time. While filing a tax extension can buy you that time, it’s not a free pass to procrastinate. In this blog we detail why you may want to, and why you may not, file an extension. Filing extensions can be very useful, but tread with caution. Read More

Avoid the CTP (crippling tax payments) on April 15th by making estimated tax payments during the year. Read More

Mileage can be a very important tax deduction. However, accurate and complete records are critical to taking full advantage of the mileage deduction. Read More

As a business owner, you shouldn’t take your duty to file 1099-MISC lightly. The penalties for not filing or filing late are steep and can add up. You have until January 31, but don’t wait until the last minute. Read More

Although telephone and e-mail scams involving the IRS are not new, the quantity of reports have been increasing in recent years (over 290,000 calls have been reported to the IRS since October 2013), and the sophistication of the scammers has been increasing as well. This week, I’d like to examine Read More

When it comes to taxes, past performance is a great indicator of the types of deductions that businesses typically take each year. Here are some of the most popular tax deductions for small business that were claimed by sole proprietors as determined by the dollar amounts, starting with the largest Read More

Are you sending the wrong signal to the IRS?! A lot of things tax payers do may be increasing their risk of being audited. When time it money, an IRS audit can be really expensive. Here’s a list of commonly believed audit red flags and possible audit triggers. Read More