Recent Articles
Making Tax Filing Easier: How the IRS is Helping Small Business Owners
Modernizing the Agency for a Digital-First Approach Small business owners have long had a complicated relationship with the Internal Revenue Service (IRS). Filing taxes can be a daunting and confusing task for entrepreneurs, and the agency’s reputation for being bureaucratic...
Justice Department Cracks Down on Fraudulent Tax Preparers: What You Need to Know
Protecting Yourself Against Fraudulent Tax Preparers and the Consequences of Non-Compliance. The U.S. Department of Justice (DOJ) has been increasing its efforts to combat fraudulent tax preparers who take advantage of unsuspecting taxpayers. The DOJ has been working with the...
IRS Announces Plan to Improve Taxpayer Service and Enforcement
A Look at the IRS’s Goals for the Next Decade and the Challenges It Faces. The IRS has announced a new strategic operating plan aimed at transforming the tax agency and improving service to tax payers and the nation during...
IRS Revises Form 8940, Allowing Electronic Filing for Miscellaneous Determination Requests.
Exempt Organizations Can Now Submit Form 8940 Online Beginning April 3, 2023. The Internal Revenue Service (IRS) has announced a update to Form 8940, Request for Miscellaneous Determination, which is used by exempt organizations to make random purpose requests. The...
Maximizing Your Tax Savings: Tips and Strategies for Individuals and Small Businesses
Tips and Reminders for Taxpayers to Request an automatic Six-Month Extension to File Their taxes and Avoid Penalties The tax season can be a stressful time for many people, especially those who are unable to file their tax returns by...
Americans Struggle with Record High Credit Card Debt as Balances Reach $986 Billion
Credit card balances rose by $61 billion in Q4 2022, reaching $986 billion, the highest level ever recorded, according to a report by the Federal Reserve Bank of New York’s Center for Microeconomic Data. Credit card debt in America has...