Archive for category: Tax Preparation

It’s estimated that each year Americans fail to pay roughly $688 billion in taxes.

While some of this amount comes from non-filers, the vast majority is from households or businesses that can’t afford their tax debts.

Being in debt to the IRS can feel like a shadow is constantly looming over you.

Plus, the pentalty fees and interest, only digs you deeper into the hole.

However, there are potential solutions for people in this situation.

Specifically, you can seek an offer in compromise with the IRS.

But what exactly is an offer in compromise? And what do you need to know before applying for it? In this guide, we’ll answer these questions so you can decide if this form of IRS tax debt relief is right for you. Read more

Imagine running a business that has a stellar branding strategy and offers premier products.

It also has no trouble keeping its team aligned with its goals.

However, tax problems arise that quickly bring your momentum to a halt.

Many people encounter tax issues but are unsure whether to hire an enrolled agent or a tax attorney.

Both can help, but they have different roles.

Let’s look at a tax professional comparison so you can choose the right enrolled agent vs tax attorney for your needs. Read more

If you’re a business owner who absolutely dreads tax season, then this is the blog for you.

While there are various good reasons for hiring an accountant for your business, there really is no better time than tax time.

Yes, hiring a Scottsdale tax accountant might cost you money.

But you have to ask yourself whether doing your business taxes yourself is worth the time, energy, and potential tax penalties if you get anything wrong.

If you’re on the fence about whether to hire an accountant, here’s why it could be the best idea for your business.

Read more

Settling accounts with the taxman: It makes everybody groan.

The tax season can come with nasty surprises.

Navigating it can feel like walking through a minefield with a blindfold on.

The best thing you can do?

Well, that’s all covered neatly in this list.

Keep reading to find out how to handle your business tax returns so that your taxes don’t return with a bite.

Read more

Imagine running a successful business that has no trouble meeting its target metrics. You also have a passionate target demographic and a motivated team.

Overlooked tax obligations, then bring your success to a halt.

Money is strongly linked to mental health, and it’s imperative to handle your taxes appropriately no matter what classification you pay under.

While common tax issues are easy enough to overcome on their own, it’s recommended to work with tax services to handle complex problems.

Without the right tax solutions on your side, you risk making additional oversights and exacerbating your situation.

Let’s explore what you need to know about finding an Enrolled Agent who can guide you.

Read more