by Philip Garnett | Feb 28, 2025 | Taxes
Make sure you file your taxes timely. If you do not you are on the IRS radar, and they start collection action against you. They will send you letters which should not be ignored. The problem just doesn’t go away until you file your taxes. Please be sure you file an...
by Tara | Sep 27, 2024 | Blog
Crypto is getting bigger and bigger. As of 2022 BitCoin along with several other cryptocurrencies holds a 1.02 trillion market cap and is actively traded, exchanged, or sold for goods and services. Transactions are stored in what is called a BlockChain. There are...
by Philip Garnett | Aug 30, 2024 | Blog
You get a letter from the IRS and it says you owe a penalty for various reasons. The IRS is really good at sending out those letters. Assessing penalties is part of their job actually. However many times it is an untrained unsupervised IRS employee who generated the...
by Kyle McKerricher | Jun 26, 2024 | Blog
So, you got tired of being a Schedule C sole proprietor and paying all that self-employment tax! So, you formed an S Corporation and now you have no self-employment tax. You just take draws from the corporation so no self-employment tax. What is wrong here? Have you...
by Tara | May 17, 2024 | Blog
The IRS has instituted a new tactic to add to your confusion and pressure. The IRS is sending out special IP PIN numbers to specific taxpayers. You must have this IP PIN letter to e-file your tax return. Otherwise, you are forced to mail in your tax return to the IRS....
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