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Here’s What’s New and What to Consider When Filing in 2022

The IRS encourages taxpayers to get informed about topics related to filing their federal tax returns in 2022. These topics include special steps related to charitable contributions, economic impact payments and advance child tax credit...

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Tax Planning Requires Good Record Keeping

The Internal Revenue Service - IRS encourages people to plan for tax each season. Like all of us, we just don't pay much attention our personal finances as we should. Below are tips recommended by the IRS What taxpayers can do now to get ready...

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Uber Driver’s Taxes

Filing Uber Driver's Taxes Is Not As Easy As You Think   As a Uber Driver, you are technically Self-Employed or an Independent Contractor. Under California Laws (AB5) known as the gig workers law, employers are to classify you as an...

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Can A Tax Preparer prepares Tax Returns If They Owe the...

The answer is no. If you owe the IRS, you will need to pay the IRS to continue as a Tax Preparer. Attorneys, certified public accountants, enrolled agents or anyone who gets paid to prepare tax returns may owe a penalty if they don’t follow tax...

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What is a CP53A IRS Letter?

Question: Why did I get a cp53a from the IRS if I didn't file taxes for 2020 it came in my child name also her father filed not me?” The IRS CP53A Letter means IRS tried to deposit your tax refund into your bank account but your bank cannot...

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Tax Refund Advance | Refund Transfer

A Tax Refund Advance or Refund Transfer are both bank products. Meaning that the taxpayer has opted to have his or her refund deposited with a bank of his or her choice. The difference is that a tax refund advance is a loan. Where as a tax refund...

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