Oh No! The IRS Sent a Tax Notice The moment you take an IRS Notice from your mailbox, it's time to open it and call an enrolled agent immediately. A tax professional will be able to guide you through the process of resolving your tax problem...
I have an overseas account, but I didn’t think about this! If you have a foreign account, you have until April 15 to file a FINCEN 114 form electronically (formally FBAR) with the Treasury's Financial Crimes Enforcement Network if you had interest in or signature authority...
1. A company name that gives you room to grow and expand your product line. 2. Where will the business be located? Will the landlord be 420-business-friendly? Your local legal restrictions vary so check before you set up shop. 3. How will you do your banking and...
Have you looked into medical expenses lately? No worries, we’ve got you covered! They are on the rise – increasing by about $1,000 this year for an average family of four according to the Milliman Medical Index. Allow us to assist further by providing some options...
Cannabis, Marijuana, Weed, Pot, Mary Jane - a rose by any other name is still a rose. No matter what you want to call it, the industry surrounding this drug faces many uphill battles. It does not matter if you grow it, cultivate it, distribute...
If you’ve had a big tax debt at the end of last year, your Enrolled Agent may have talked with you about paying estimated taxes, especially if you are self-employed. Hopefully, your eyes didn’t roll into your head and you didn’t tune him or her out. Why? If...
A CP523 notice will not be the first time you’ve dealt with the IRS. In fact, you need to first have an installment agreement with the IRS in order to receive one. It is a cause for concern, however. Why Am I Getting a CP523 Notice? You are...
Third time is a charm… or a nightmare? One year ago the IRS reinstated a program allowing private debt collectors to pursue delinquent taxpayers. This is nothing new – in fact, it was tried twice before. Even so, Congress voted in 2015 to restart the program, the...
Being late on your income tax is one thing. Payroll taxes are an entirely different story, however. Although I may not want to hear it, I’ve had so many new clients tell me they haven’t filed income tax returns for years and have finally decided it’s...