Tax Preparation 101: Are You Ready for Tax Season?

Tax preparation is incredibly important as tax season approaches. Sadly, roughly 40% of individuals wait until April to begin gathering the necessary documents and information that are required to file one’s taxes. Image source Even if you are a business owner, proper tax filing preparation is a must. When you prepare adequately, you’ll have an easier time filing your taxes and you’ll avoid many common IRS and tax-related issues. Here are some key points to remember as you get organized and begin preparing [...]

Client Portal Login Access Information

“Client Portal” link:   Through this portal, you will be able to: Check the Status of your Refund Get a Copy of your Tax Return Get a Copy of any document you submitted to us Send Questions/notes/attachments Upload Documents Provide Client Feedback Request an Appointment Confirm/View your client referrals to us Update Your Address/Email/Phone/Password This new portal allows us to better serve our clients by putting each one of you in control.  You can now print, download or save documents documents directly from the portal at your convenience. No [...]

Tax Effects of Divorce or Separation

If you are divorcing or recently divorced, taxes may be the last thing on your mind. However, these events can have a big impact on your wallet. Alimony and a name or address change are just a few items you may need to consider. Here are some key tax tips to keep in mind: Child Support.  Child support payments are not deductible and if you received child support, it is not taxable. Alimony Paid.  You can deduct alimony paid to or [...]

Tax Relief to Louisiana Storm Victims

Louisiana storm victims will have until Jan. 17, 2017, to file certain individual and business tax returns and make certain tax payments, the Internal Revenue Service announced today. All workers assisting the relief activities who are affiliated with a recognized government or philanthropic organization also qualify for relief. Following this week’s disaster declaration for individual assistance issued by the Federal Emergency Management Agency (FEMA), the IRS said that affected taxpayers in East Baton Rouge, Livingston, St. Helena and Tangipahoa parishes [...]

IRS Warns of Back-to-School Scams

The IRS is warning against telephone scammers targeting students and parents during the back-to-school season and demanding payments for non-existent taxes, such as the “Federal Student Tax.” People should be on the lookout for IRS impersonators calling students and demanding that they wire money immediately to pay a fake “federal student tax.” If the person does not comply, the scammer becomes aggressive and threatens to report the student to the police to be arrested. As schools around the nation prepare [...]

Here Come the Private Tax Debt Collectors … Again

Seven things you need to know about the upcoming IRS program There are almost 19 million people who owe more than $400 billion in back taxes to the U.S. Treasury. Right now, 4 million taxpayers are paying the IRS through installment agreements, and the IRS is chasing 7 million more taxpayers for payment. In late 2015, Section 32102 of the Fixing America’s Surface Transportation, or FAST, Act was put into law, requiring the IRS to use private debt collectors for delinquent tax [...]