Should You Opt Out of the Advance Child Tax Credit?
Have children under the age of 18? By now, you likely have received your first advance child tax credit payment, either by check or by direct deposit.
The Tax Implications if Your Business Engages in Environmental Cleanup
If your company faces the need to “remediate” or clean up environmental contamination, take a breath—all is not lost! Unexpected expenses are always worrisome, but there are ways to mitigate those losses.
Deductibility of Corporate Expenses Covered by Officers or Shareholders
Do you play a major role in a closely held corporation?Do you sometimes spend money on corporate expenses personally? Here's what you need to know.
Tax Refund Offset Taking Your Tax Refund? Find Out Why
Thought you'd receive a tax refund, but it never arrived? It may have been submitted for tax refund offset by an agency of the federal or state government.
Don't Be A Victim to IRS-Impersonating Scammers
Scammers use taxpayers’ fear of the IRS to ply their scams. They try to trick you into divulging your SSN, DOB, and other personal data to scam the IRS.
The US Loses Out On $1 Trillion a Year Due to Tax Evasion, IRS Estimates
IRS Commissioner Rettig says the US may be losing up to $1 trillion/year in evaded taxes. He listed many tax evasion techniques they had not been aware of.
Made a Mistake on Your Tax Return - What Happens Now?
Generally speaking, tax return mistakes are more common than you probably realize. Taxes have grown complicated and COVID tax relief has made many changes.