Category: Business & Finance

No one like to receive letters from the IRS. The enforcement efforts ramp up at the IRS, the number of letters and communications landing in mailboxes is continuing to increase and one of them could land in your mailbox if the IRS says that you have a tax liability. If you do receive a letter from them, it is important to move fast, especially if you cannot afford to pay what they says you owe. You may be tempted to ignore the situation or do nothing, but every day you…

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Proper tax planning is a year-round proposition, not last minute at the tax return season. You cannot afford to wait until taxes are due to start planning them and assessing your tax liability. Knowing which factors can raise your taxes is one of the best ways to keep your hard earned money in your pocket. These five factors can unexpectedly raise your tax liability at the end of the year. Note: If you owe back taxes, our firm can help negotiate with the IRS and potentially settle your tax debt.…

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More and more people have been looking beyond the normal nine to five and making their own way in the world, creating an income they can rely on, one that is directly tied to their skills and abilities. Since people are working remotely due to COVID-19, this accelerated this trend. Working as a freelancer or gig worker can also open up a world of tax savings possibilities. From retirement plans with generous contribution limits to health savings accounts to cover the high cost of private insurance to the ability to…

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