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2024 Year End Tax Checklist
December 24, 2024
Recordkeeping For all deductions claimed and revenues received, keep safe the digital copies of your invoices, receipts, contracts and other
Required Minimum Distributions
December 24, 2024
If you are 73 or older, you must take Required Minimum Distributions (RMDs) from Individual Retirement Arrangements (IRAs) and other
Cannot Pay Your IRS Tax Debt?
August 18, 2023
Do you owe the IRS more than you can afford? An offer in compromise may be your solution. An offer
Do You Need Help With An IRS Intent To Levy Notice?
June 6, 2023
If you received an IRS Letter 1058 or LT11, this letter informs you of a past due tax. You have
Are You Likely To Be Audited?
May 4, 2023
Tax audits are not common. IRS data shows that only 0.6% of all individual tax returns were audited in 2018
US Tax Gap May Exceed $1 Trillion
April 16, 2023
On April 13, 2021, IRS Commissioner Charles Rettig testified before the Senate Finance Committee that the tax gap could exceed