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94. BOI Report - Beneficial Ownership Information Reports!
There is a new law in effect that requires ALL the business owners in the US to register their information with the U.S. Treasury...
Feb 9, 20241 min read
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67. Don’t Waste Money on Penalties!
Don’t waste money on penalties! Penalties apply when you owe taxes or did not file a tax return or extension. Keep in mind that the...
Jun 22, 20221 min read
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66. 1040x Amended (Corrected) Tax return. True Stories (All names are changed)
Important! You can correct your taxes for the last three years! Story 1 Clients Alice and Erik came to our office with a recommendation...
Jun 16, 20224 min read
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64. Have you got a letter from the IRS? Don’t ignore it. Don’t panic and act on time.
What to do: Verify why exactly the IRS sent you a letter. The agency categorizes notices to: – information letters (the agency wants to...
May 12, 20221 min read
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63. I Made a Mistake on My Tax Return, What Should I Do?
You must file an amended tax return entering the corrected info and an explanation of why are you changing your report. Based on the...
May 11, 20221 min read
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50. What Is a Tax Extension and Why Would I Need One?
If you don’t believe that you can get your tax paperwork together by the April deadline, then an extension is your best option. You can...
Feb 16, 20221 min read
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