What to do when you are not you...

“IRS probed hundreds of cases of unauthorized access to taxpayer data.” This is the title of an article written by AccountingToday. On its face, this is mind-numbingly scarry. Our government, the body that requires you to report your...

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Estimates aren't just a quarterly pain...

Taxes hurt. The more you make, the more you pay. Sometimes it may even seem like you’re being punished for success. You’re not, of course, but that doesn't make it hurt any less. To top it off, at the end of the year, there’s...

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Know your rights or lose them...

Every taxpayer has a set of fundamental rights when working with the IRS which are known collectively as the Taxpayer Bill of Rights. One of the most important of these is the right to challenge the IRS's position and be heard. Because of this,...

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Can I deduct this?

Let's face it. If you're in business, there's always an expense. Payroll, travel, overhead, the list goes on and on (and on and on and on...). The question then becomes one of deductible expenses. The fact is, there is no fixed rule about...

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Got an IRS letter?

Nobody likes the unexpected surprise of checking their mail and seeing a letter from the IRS (or any other state or local government). Though we may not like it, still happens. And when it does, this is what you should do: DON'T PANIC! The IRS...

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Need More Time?

Taxpayers requesting an extension will have until Monday, Oct. 17, 2022, to file a return. Not everyone has to ask for more time, however. Disaster victims, taxpayers serving in combat zones and those living abroad automatically have longer to...

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Here’s how to tell the difference between a hobby and a business

A hobby is any activity that a person pursues because they enjoy it and have no intention of making a profit. People operate a business with the intention of making a profit. Many people engage in hobby activities that turn into a source of income....

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Seven common myths about tax refunds:

Myths regarding tax returns circulate every year. Here are seven of the most common ones:      Myth 1: Calling the IRS or visiting an IRS office speeds up a refund Many taxpayers mistakenly believe the commonly held myth that speaking...

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