IRS Audits: What Taxpayers Need to Know in 2023

GET IN TOUCH GET IN TOUCH All eyes are on the IRS this year, with interim Commissioner Douglas O’Donnell (Charles Rettig’s term ended in November of 2022) assuming leadership of a long cash-strapped agency now flush with billions of dollars of new funding and eager to crack down on tax evaders. As the IRS kicks…

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Smart Record-Keeping: The Taxpayer’s Essential Guide

GET IN TOUCH GET IN TOUCH For many taxpayers, the word “audit” alone triggers anxiety and stress. In fact, as this survey reveals, 47% of Americans feel anxious when they receive any correspondence from the IRS, with nearly a third worrying they will be audited despite feeling very confident that their tax returns are error-free.…

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Multistate Taxation: What You Need to Know in 2023

GET IN TOUCH GET IN TOUCH If you live, work, or do business in multiple states, your income may be subject to the taxation requirements of various jurisdictions. This can get complex and confusing very quickly. For example, how do you determine your state income taxes if your income comes from more than one state?…

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Tax Phaseouts What High-Income Taxpayers Need to Know in 2023

GET IN TOUCH GET IN TOUCH High-income taxpayers, will tax phaseouts affect your deductions or credits this year or the next? It’s an important and timely question. As you are undoubtedly aware, the past few years of pandemic and inflation-related economic turbulence have brought plenty of changes for U.S. taxpayers in all income brackets. While…

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Are You Prepared for the 2022 Tax Season?

GET IN TOUCH GET IN TOUCH With the end of the year approaching and the start of the 2022 tax filing season approaching, the window to get ahead of the game is almost shut. If you haven’t already done so, the best time to get serious about your tax planning strategy for the 2022 tax…

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Maximizing Tax Savings for Families with Children: Your Comprehensive Guide

Raising children can be very expensive.

Luckily, there are deductions available for some families with children could help reduce your taxable income, putting more money back in your pocket — at least until it’s time to pay for daycare, anyway!

In our latest blog post, we provide an overview of the various tax deductions available for families with children and some strategies for maximizing those deductions.

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Income and Expenses: A Daycare Provider’s Guide

GET IN TOUCH GET IN TOUCH 59% is approximately how many children that are five or younger who are not enrolled in kindergarten that were in non-parental childcare once a week in 2019. From that group, 62% went to a daycare center, preschool, or prekindergarten center-based care. As you read this, 7.3% of all children in…

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