irs

49-60 of 161 results
  • IRS Audit Rates

    The IRS reported audit rates continue to be low…very low. But that is now changing with thousands of auditors being hired for a post-pandemic scale-up of their reviews. So don’t get complacent. A closer look at the IRS data release…
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  • Tax Preparer Red Flags

    Tax returns. Let’s be honest, most people cringe at the thought of dealing with them. There can be a lot of emotions when filing your taxes…frustration, anger, and anxiety. These reactions can come when gathering all the necessary documents, worrying…
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  • Tips to Protect Your Social Security Number

    Minimize the risk of having your social security number fall into the hands of the wrong person. Very few things in life can create a higher degree of stress than having your Social Security number (SSN) stolen. This is because,…
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  • Reduce Your Medical Expenses

    Save tax dollars when paying medical bills! Tax smarts that make a difference. Medical expenses are on the rise. According to the Milliman Medical Index, the average family of four on an employer-sponsored plan will spend $30,260 on healthcare in…
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  • 401(k) VS Roth IRA

    Saving for retirement is important, since the average American spends 20 years in retirement. Experts estimate that you will need about 70 percent of your pre-retirement income to maintain your standard of living when you stop working, unless you want…
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  • Receive Tax-Free Income – The Augusta Rule

    How The Augusta Rule works for taxpayers who own a home in the United States to receive a tax-free income. This article has been updated and is accurate as of August 2022 What is the Augusta Rule? The Augusta Rule,…
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  • Who are the Best Accountants in California?

    Your business is unique with specific needs. Because of this, tax preparers and bookkeepers often are not a “one size fits all.” This is why we have comprised a list of accountants that specialize in all sorts of different businesses….
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  • New Mileage Rate and How to Track Business Miles

    Have you heard the news? The IRS announced that the business mile rate has increased! From July 2022 through the end of December 2022, the new rate is 62.5 cents per business mile. So, what exactly are “business miles?” I…
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  • Turning Your Hobby into a Business

    You’ve loved dogs all your life so you decide to start a dog training business. Turning your hobby into a business can provide tax benefits if you do it right. But it can create a big tax headache if you…
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  • 5 Great Things to Know about IRAs

    IRA’s can be a powerful tool to lower taxes all while saving for retirement or other predetermined uses. Here are five fairly unreported things to know about IRA’s. Tax rules surrounding IRAs are vast and complex. But within the rules…
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  • New Mileage Rates for 2022

    New rates begin in July. In a recent announcement, the IRS raised the standard mileage rates for travel beginning in July, 2022. Use the previously announced mileage rates for qualified travel in the first half of the year. Use the…
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  • Protect Yourself From Tax Scams!

    There are many tax scams out there with the purpose of stealing your identity, stealing your money, or filing fraudulent tax returns using your private information. Tax scammers work year-round, not just during tax season and target virtually everyone. Stay…
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