Tax Related Identity Theft

Every year we have clients that experience tax related identity theft.  It usually happens like this:   Shortly after we file a client’s tax return, we receive a notice from the IRS that a return has already been filed for that … Read More

What To Do With a 1099K Form

Over the last few years the IRS has employed a few more tools to encourage taxpayers to report all income.  One of those new tools is the form 1099K. What is a 1099K? If your business received payments  through merchant cards … Read More

It’s Time to File the 1099-MISC

The 1099-MISC form is an “informational return” designed by the Internal Revenue Service to enforce tax compliance. Essentially a business must report any payments over $600 made to a service provider. If the service provider on their tax filing does … Read More

My Tax Bill Is Too Big to Pay!

The first thing to do is not panic! The IRS offers a number of options for taxpayers facing financial hardships including installment agreements. If you can pay the full amount within 120 days simply call 1-800-829-1040 and inform the IRS … Read More