House Passes Tax Cuts And Jobs Act

Just an FYI – the House just passed H.B. 1 (the Tax Cuts & Jobs Act) last week. It now goes to the Senate who needs to either approve it, or pass their own […]

The latest on Tax Reform – Part 1

After months of talk, it looks like there may actually be a tax reform bill. The House Republicans just introduced a proposed bill that appears to have sufficient support to have a chance of […]

3 Asset Protection Principles You Can Apply Now

Shortly after achieving some success, business owners turn their attention to protecting their home, investments and business interests. Having a startup with no value didn’t require any protection, but being out there in the […]

Covering the Gaps in Your Tax Planning: S-Corps and Licensed Professionals

Any person who is self-employed is likely familiar with the burden of having to pay the full share of self-employment taxes which are normally split between an employer and an employee. Because this can […]

Tax Debt Information and Civil Judgments May Be Removed from Credit Reports by July 1

Your credit report can affect your ability to buy a home, show a potential employer that you are responsible or if you have a low score, it can prevent you from getting access to […]

The Taxpayer’s Secret Weapon – Records

We’re regularly dealing with the IRS as we represent taxpayers in audits. Occasionally they’re from returns we’ve prepared and much more often they’re involving returns we didn’t prepare. No matter the source, audits are […]

What to do with an incorrect 1099 or other tax form?

The Department of Revenue for the state of Arizona recently released a statement informing taxpayers that the 1099-G forms it had issued contained incorrect information.  The issue is that the 1099-G forms restated the […]

Mileage Logs the Easy Way

For decades, we’ve all dreaded the task of tracking vehicle miles for tax purposes. But it’s always a good idea, always something the IRS Agents ask for in our office whenever auto expenses are […]

The IRS Summons – When the Bully is the Government

You’re going to love this one but you’ll need a little background in two areas first. BitCoin is an emerging form of currency that’s essentially tracked as an electronic balance instead of printed on […]

Top IRS Audit Flags in 2016

Taxes themselves are a hassle. But even worse is the prospect of an audit after you’ve filed. So knowing what increases and decreases the probability of an audit is something we’ve made our business. […]