WAIT A MINUTE!!! Why did I get a 1099 for monies I received in a following year? You did the work late in the year. You expect to get a check in that year, but actually receive the check just after th...
Why you might get a 1099 for monies you received in a following year. The Issue As a CPA I come across this situation all the time. I have clients who will mail checks to pay their vendors on December...
When the IRS needs to collect an outstanding tax liability, do they ever go away? I had never heard of the Immortal Jellyfish until I saw it on the show, “Blacklist.” Turns out the Immortal Jellyfish ...
The end of the year always means the possibility of last-minute tax changes, and this year, that’s especially true. Here are some tax tips to help with your 2021 taxes. New legislation may mean ...
Don’t panic and don’t ignore a tax notice sent by the IRS. One of the great fears we all share is receiving an IRS notice in the mail, especially if it shows up requiring a signature. The fear and anx...
Well-organized recordkeeping makes it easier to prepare a tax return and help provide answers if your return is selected for examination or if you receive an IRS notice. OK… here’s the deal. As a tax-...
One accountant’s reflection on what a 1960s blender and tax resolution services have in common. The Good Old Days When I was a kid, growing up in the late ‘50s through the early ‘70s, my father sold h...
Cryptocurrency, a type of digital currency that uses cryptography for security and anti-counterfeiting measures and is not controlled by any bank or government, is becoming more mainstream as more com...
It’s time to take a fresh look at how we tax people here in the United States. While the IRS is a necessary entity that serves a legitimate purpose, we as a country need to shift our approach toward a...