Category Archives for Tax Tips

What 2020 Tax Issues are Impacting the 2021 Tax Season?

  • February 19, 2021

The past year was unique in a number of ways that will impact the rapidly approaching filing season. Continued implementation of the Tax Cuts and Jobs Act, plus the pandemic-response legislation such as

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The IRS Offers Taxpayers an Identity Protection PIN Opt-In (IP PIN) Program

  • February 19, 2021

An Identity Protection PIN from the IRS can help protect your tax return from potential fraud.Identity theft and tax refund fraud are issues no one wants to spend time thinking about – but everyone should.

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The 2021 Tax Season May Be Ugly so File Early and Electronically

  • January 19, 2021

This year stands to be very confusing for tax filing, so some good advice is to file early and electronically for the 2021 tax season.The surging pandemic. Confusion over who gets a stimulus payment. An

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Evolving IRS Tax Threats and Scams from Fraudsters

  • January 19, 2021

Thousands of people have lost millions of dollars and their personal information to IRS tax scams. Scammers use the regular mail, telephone, or email to set up individuals, businesses, payroll, and tax

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What To Do If You Receive Notification of an IRS Tax Lien

  • December 2, 2020

Notification of an IRS Tax Lien can be intimidating to process. But dealing with it doesn’t have to be. This is important to know: if you have a Federal Tax Lien filed against you, it’s important that

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Avoid Tax Problems when Providing New Benefits

  • December 2, 2020

Providing new perks or benefits without realizing that they're likely taxable can cause tax problems down the road, for employees and employers.With the COVID-19 pandemic forcing major changes around where

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Small Businesses that Received PPP Aid May Face Tax Problems

  • December 1, 2020

A recent IRS ruling tying up a loose end in the 2020 economic-relief law could require many small businesses to pay taxes on government PPP aid meant to help through the pandemic.On Nov. 18, the agency

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Does Giving an Employee a Gift Card or Other Small Gift Cause a Tax Issue?

  • December 1, 2020

Are employer gift cards taxable? Yes. In the past, employers could give employees cash or a cash equivalent gift such as a gift certificate for amounts less than $25 without any tax concern. These were

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Is Tax Evasion Always a Felony?

  • November 2, 2020

A very common question that comes up in our tax legal defense work involves the term "tax evasion" and whether it is always considered a felony criminal offense.The short answer is, yes, tax evasion is

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Top 10 Year-End Tax Planning Tips

  • November 2, 2020

Between the political environment and the COVID-19 pandemic and its attendant stimulus packages, this year has seen more than its share of uncertainty around tax – which makes year-end tax planning all

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