a brief overview of the 5 filing statuses and how to determine which one your client qualifies come tax season. Failure to choose the correc

This page includes an affiliate link and promo code for software that I use in my firm. If you choose to use the promo code they will...

The Internal Revenue Service (IRS) is currently sending 5-8 million CP14 notices to taxpayers. Earlier in the year they announced that...

Tax day for 2023 is April 18th, 2023. Not only is your tax return due on this date, but if you have a balance it is also due on this date

I was born during the late 80s. During that time it was popular for people to buy savings bonds for children. It was an investment into...

Do you know how much money you need in retirement to maintain the lifestyle that you currently live? Are you on track with your savings...

93% of the taxpayers I have helped with back taxes in the past 4 years were self-employed. Over half of those people were also...

Originally, taxpayers could only make payments to the IRS by check and money order. Today the IRS offers a variety of ways to pay,...

Failure to make estimated tax payments is one of the top reasons why taxpayers owe the IRS. Over the past 11 years, I've realized that...

When taxpayers don't meet their tax obligations the IRS charges penalties. The reasons range from not filing on time to not providing...

One of the nice things about being self-employed is the flexibility you have. But with this newfound freedom, there is more paperwork. As...

It used to take taxpayers a long time to access their tax records from the IRS. Now the IRS has several online tools to make IRS...

A tax transcript is the raw version of your financial story that the IRS has on record. Your tax return is your interpretation of what...

Have you ever heard of a couple getting in legal trouble due to back taxes? Maybe you remember the summer of 2013. When the Real...

If you owe the IRS you may have noticed that the balance due is higher than what you saw on the return. You aren't alone. The culprit in...

On August 24th, 2022 the IRS announced they will be forgiving $1.2 billion in penalties. The details of this relief are in Notice...

Timalyn at the 2022 Diverse Entrepreneurship Summit giving a presentation. This past June, I spoke at the Diverse Entrepreneurship Summit...

Each year, millions of taxpayers file Form 1040 to let the IRS know how much they made throughout the year. Taxpayers sign that tax...