Happy New Year As we enter 2022 it is time to kick off the tax filing season for 2021. I will be sending out business and individual organizers to all clients over the next two weeks. It is time to think about what has changed over the last year and gather your relevant documents. IfContinue reading “2021 Organizers Coming Soon”
Author Archives: Matt Wright
Deferred SE and Employer SS Tax Due
Deferred payments are due on 1/3/2022/
Small Business and The Tax Cuts and Jobs Act
The Tax Cuts and Jobs Act of 2017 will affect how much tax you owe in 2018. Understanding how these changes affect your taxes may help you make changes now to reduce the taxes you pay. It is also important to make sure you are properly paying your quarterly estimated tax payments. Contact me forContinue reading “Small Business and The Tax Cuts and Jobs Act”
What You Should Do About Un-filed Tax Returns?
Get Compliant. Filing tax returns for every year you have or may have a filing requirement is always the best solution. There is no statue of limitations on un-filed tax returns. If the IRS discovers you had or may have had income in a year with an un-filed return they can file the return forContinue reading “What You Should Do About Un-filed Tax Returns?”
Fixed Pricing For Streamlined Offer In Compromise
[et_pb_section bb_built=”1″][et_pb_row][et_pb_column type=”4_4″][et_pb_text _builder_version=”3.11.1″] We are offering fixed pricing for taxpayers that qualify for streamlined offer-in-compromise. The rate is $350 including all forms and required responses through acceptance or rejection. This offer does not include the cost of appeals. To qualify your household income must be less than $100,000 per year and your tax debtContinue reading “Fixed Pricing For Streamlined Offer In Compromise”
Are You Withholding Enough?
The IRS is putting out the word that many tax payers may not be withholding enough from their paychecks this year. Changes to the tax rules stemming from the Tax Cuts And Jobs Act of 2017 may have made the W4 filed with your employer not accurately reflect your circumstances. This can lead to tooContinue reading “Are You Withholding Enough?”
Fight IRS Audits
[et_pb_section bb_built=”1″ next_background_color=”#0c71c3″][et_pb_row][et_pb_column type=”4_4″][et_pb_text admin_label=”Lead” _builder_version=”3.11.1″] Being notified of an impending audit can be both frightening and overwhelming. IRS audits come in three basic varieties: the correspondence audit, the office audit, and the field audit. We can work with you to prepare for any type of audit. More importantly, once we are engaged as yourContinue reading “Fight IRS Audits”
Is my Bitcoin Taxable?
[et_pb_section bb_built=”1″][et_pb_row][et_pb_column type=”4_4″][et_pb_text] There continues to be a lot of confusion around how virtual currency is treated for federal income tax purposes. The IRS treats virtual currency as property. It is treated like any other property. Therefore all of the following are true: If you purchase virtual currency with fiat currency this is not aContinue reading “Is my Bitcoin Taxable?”
Free Consultations Just Got Better
[et_pb_section bb_built=”1″][et_pb_row][et_pb_column type=”4_4″][et_pb_text] Advanced Tax Services has expanded the scope of the free consultation we offer clients. We will now include a review of your IRS transcripts as part of our standard free consultation. How Does It Work? We will begin with a discussion and find out more information about your current tax situation andContinue reading “Free Consultations Just Got Better”
Tax Season Hours Now In Effect
Our tax season hours are now in effect. We are available to answer calls and email between 8:00 AM and 7:00 PM Monday through Saturday. Give us a call at (972) 521-7800.