Summer officially started this week and many of you may be planning on taking a vacation or two. And you should! You deserve it. But if you’re looking to travel internationally, you should double-check that your taxes have been paid in full or that you have an appropriate installment agreement with the IRS established. Otherwise,… Continue reading →
The Blog
How & When to Use Home Tax Deductions
Tax deductions are hidden all over the place, and the keen-eyed citizen can take advantage of them with ease. When selling a home (or any other investment) you should find out when is the right time to sell, to make the maximum profit. But no matter when you sell, there may be deductions available to… Continue reading →
Avoid IRS Collection Scammers and Cons
The Internal Revenue Service recently delivered an Information Release on their website (irs.gov) to help guide taxpayers in determining whether someone claiming to an Agent or Collector is truly that or is an impostor. At their website, they have a handy printable infographic to help. There has been a rash of impostors attempting to take… Continue reading →
AI and the Future of Professional Tax Preparers
In the past week, we’ve seen two titans of tech, Elon Musk and Mark Zuckerberg spar on Twitter over the continued emergence of Artificial Intelligence (AI) and its eventual impact on our lives. From watering one’s garden to automated trading, AI has become a buzz-term and holds importance in understanding our future. Without having visited… Continue reading →
Quarterly Estimated Taxes & The Self-Employed
Everyone’s talking about entrepreneurship or starting a side-hustle or new business these days. With the potential for believed freedom, flexible hours, personal goal achievement, and no more bosses, who can blame them? Having done diligent research would direct future small-business creators to see the needs placed on them through the IRS. However, for as… Continue reading →
Back Taxes Can Now Affect Your Vacation Options
While much effort has been put forward by CPA Firms like Professional Tax Resolution to warn of the potential dangers of fraud regarding the IRS’s new use of private debt collection agencies, there has been little discussion of another provision introduced at the same time through the FAST Act. Much more out of the control of… Continue reading →
