Blog
Timothy Geithner Thought TurboTax Had His Back… Spoiler: It Didn’t!
I was thinking about how often people rely on tax software like TurboTax, and it reminded me of a story that might interest you. Remember Timothy Geithner? When he was nominated for Treasury Secretary, it emerged that he had made some tax errors in previous years...
Is Your Spouse Hiding Something From the IRS? Here’s How You Can Protect Yourself
Listen, I know filing taxes jointly makes things easier, but it also means sharing responsibility. What happens if your spouse's mistakes leave you with a hefty tax bill? It's frustrating, but something called innocent spouse relief could help. A recent tax court case...
Stuck Thanks to H&R Block! Can You Help Me File My Taxes?
The recent H&R Block outage exposed a vulnerability for many taxpayers: a reliance on last-minute filing solutions. While these services can be convenient, they can also lead to stress, errors, and missed opportunities. Could there be a better way to manage your...
⏰ Tax Day! 2023 Tax Deadline Today (Except Maine and Massachusetts)
REMINDER!Today, April 15th, is the deadline to file your 2023 federal taxes (April 17th for Maine and Massachusetts residents). While tax payment isn't due today, filing late can result in penalties. Need more time? You can request an extension to file by October...
Is Your S Corporation Salary Hurting Your Taxes?
As we delve into tax strategies, you have a powerful tool—the Section 199A deduction under the Tax Cuts and Jobs Act. It's time to explore how this can be a game-changer for your business. The 20% Boost for Pass-Through Entities (2018-2025): This provision can enable...
Up to $32,220 In Tax Credits for Sick and Family Leave
Did you know you might be eligible for significant tax credits for sick and family leave taken during 2020 and 2021? It applies even if you're self-employed or run a small corporation. You might qualify if you could not work between April 1, 2020, and September 30,...
The IRS Wants to Know About Your Crypto… Now What?
Listen up if you're into crypto, Big changes are coming for tax time in 2025. Remember that whole thing about people buying and selling crypto without paying taxes? Yeah, Congress isn't a big fan. So, they're making companies that deal with crypto report everything to...
2024 Tax Calendar for Small Business and Self-Employed Taxpayers
Did you know that even missing one tax deadline can lead to penalties and headaches? Don't let that happen! The new year is here, and with it comes tax season! That's why we are sharing the 2024 Federal Tax Calendar to help you stay on top of important deadlines. But...
URGENT! My CPA Didn’t File My Taxes
Imagine this: Dr. Smith, a successful dermatologist in Beverly Hills who generates over $5 million annually, has entrusted his tax filings to a seemingly reputable wealth management firm for five years. They assure him everything is handled, even providing fabricated...
Is the IRS Still Looking at Your Old Returns?
Feeling stressed about old tax returns? The IRS has limitations on how far back they can look. Let's explore these timeframes and ease your worries! The statute of limitations clarifies when the IRS can no longer audit your tax return or assess additional taxes. In...