he IRS has been alerted to a new email phishing scam. The emails appear to be from the IRS Taxpayer Advocate Service and include a bogus case number and the following message: “Your reported 2013 income is flagged for review due to a document processing error. Your case has been forwarded to the Taxpayer Advocate[…]
This is a great question. As the year inches closer and closer to the end, many people have valid, and timely, tax questions and concerns. The other day one of my clients asked me: “I have a large medical bill of $5,000, should I pay the amount in full so I can deduct it on[…]
Critical business tax decisions are made every year. Many businesses make decisions at the wrong time of the year and without a tax plan. This could cost them thousands of dollars! When do you tax plan for your business? Do you think about your tax situation sometime around March or April? Did you know that[…]
The premium tax credit can help make purchasing health insurance coverage more affordable for people with moderate incomes. To be eligible for the credit, you generally need to satisfy three rules. First, you need to get your health insurance coverage through the Health Insurance Marketplace. Second, you need to have household income between one and[…]
Are you an employee or a contractor? Do you have an employee or contractor working for you? Why is it important to know the difference? All of these are very important questions. Whether you are an employee, or own your own business, it is important to know the difference. There could be severe consequences for[…]