Tax day is just about here, but a portion of taxpayers still have more tax deadlines in 2022 to worry about. Some side hustlers and newly self-employed taxpayers may be in for a surprise this…

Associate Partner Julie Strohlein, CPA dives into the mechanics of what a tax return extension is, how the extension process works, and what taxpayer need to do if they need more time to file their…

New tax rules are creating confusion Home-related tax rules changing over the past few years have caught some taxpayers by surprise. When your mortgage company reports tax-related information to you and the IRS using Form…

With careful tax planning, you can use the kiddie tax rules to reduce your tax obligation. Here’s what you need to know. Background The term kiddie tax was introduced by the Tax Reform Act of…

With the ups and downs of our economy over the last 2 years, you may have had a loan or credit card balance forgiven or cancelled by a financial institution. You would think that the…

While the pandemic has left the IRS in shambles with furloughs and staffing issues, COVID is not entirely to blame for the current historic backlog. Other major factors include budget constraints and outdated technology in…

Delayed tax refunds, penalties for not filing 2020 tax returns on time that were actually filed on time, and timely tax payments being flagged as late are just some of the headaches taxpayers are grappling…

Making errors on your tax return can be a costly mistake or can cause your refund to take longer. Associate partner Julie Strohlein, CPA discusses three common tax return mistakes that you should be aware…