If you are a doctor, lawyer, accountant, consultant, or any professional, the IRS has begun auditing how much Self-Employed Contribution...

Taxpayer gifted a large collection of Native American jewelry and artifacts in 2014 to the Wheelwright Museum of American Indian Museum...

If the SBA sent you a notice that you are late paying your monthly EIDL payment, make sure you timely pay your balance or call us to...

Taxpayer qualified for reasonable cause to avoid payment of the 941 quarterly payroll taxes withheld from his employee's wages. The...

Your miles earned on your credit card are NOT taxable! The IRS does not tax any extras you earn with your credit card – including miles,...

The U.S. The Supreme Court recently ruled, in Bittner v. the U.S.,469 F.Supp.3d 709 (2020), that the $10,000 penalty for failure to file...

The taxpayer challenged the IRS's denial of the taxpayer's Offer in Compromise and won! The IRS did not correctly consider the taxpayer's...

The ERTC is intended for employers who paid employees during COVID and followed the statutes and rules for obtaining the credit; however,...

The second quarter of a calendar year is made up of April, May, and June. April 10 Employees who work for tips; If you received $20 or...

This tax calendar principally covers the following federal taxes: • Income tax you withhold from your employees' wages or from nonpayroll...

This tax calendar principally covers the following federal taxes: • Income tax you withhold from your employees' wages or from nonpayroll...

The first quarter of a calendar year is made up of January, February, and March. January 10 Reporting received tips; If you received $20...

Standard Deduction Single: $12,950 Joint returns & surviving spouses: $25,900 Married filing separately: $12,950 Head of household:...

IRS is disbursing its last monthly child credit payment for 2021 on Dec. 15. Taxpayers who file a federal return next year will use...

WASHINGTON – As part of a wider effort to increase security, the Internal Revenue Service today reminded taxpayers they can get extra...

In Internal Revenue Service Notice 2014-21, virtual currencies like Bitcoin are classified as property. The IRS is aware of the growing...

Self-employed individuals can deduct their Medicare premiums above the line. Medicare premiums paid by a self-employed individual are...

The Social Security Administration announced a 1.3 percent boost to monthly Social Security and Supplemental Security Income (SSI)...

IRS and the Justice Dept. are on the prowl for undisclosed foreign accounts, devoting resources to get U.S. owners of the accounts to...

Businesses that are slowly emerging from the COVID-19 pandemic should now keep their eye on another looming obstacle: IRS audits. In late...