Tag Archives: taxes
IRS Funding Cut – Taxes Affected
Recently, Congress passed an omnibus spending bill (an omnibus bill seeks to amend, repeal or enact several Acts, and it is characterized by the fact that it has several related but separate parts) that would reduce a budget increase … Continue reading
Your DSJ Update: Tax Day now July 15, Treasury, IRS extend filing and payment deadlines
Dear Valued Client,
I hope this letter finds you well and in good health. First and foremost, for anyone who is either directly or indirectly impacted by the virus, especially those who may be ill, our heart goes out to … Continue reading
IRS Tax Payment Deadline Relief: What You Need To Know
Dear Client,
We have recently been informed by the IRS and the U.S Treasury Department about important information that may impact you and your income tax filings.
Due to unprecedented events caused by the Coronavirus (COVID-19) pandemic, the Internal Revenue … Continue reading
4 Ways to Cope with Tax Season Stress
March 2020
“… in this world, nothing can be said to be certain, except death and taxes.” – Benjamin Franklin
With dramatic quotes like that (from one of our founding fathers, no less), it’s no wonder why more than 50% … Continue reading
Why provide your accountant with access to your online business accounts?
February 2020
When entrusting your financial well-being to your accountant(s), you may be asked to provide them with access to your bank accounts, credit cards, and other financial institutions. This request might cause you to pause for a moment to … Continue reading
How to Get the IRS to Pre-Approve Your Taxes
It might seem odd, but it is possible to get the IRS to give you a straight-forward and binding answer to ambiguous tax positions in advance. How does this happen, you ask? The answer is through an IRS private letter … Continue reading
Qualified Opportunity Funds (QOF): A Safe Haven from Taxes, but is it Worth the Risk?
At the time of this writing, U.S. investors are sitting on a total of more than $2.3 trillion in unrealized capital gains. Could these untapped resources help stimulate the economy by being invested in businesses and real estate within our … Continue reading
How to Budget for Estimated Tax Payments
May 2019
According to a March 22 Internal Revenue Service News Release, 2018 federal tax filers might be able to have any penalties for an underpayment of estimated tax removed. This could be possible if they’ve paid at least 80 … Continue reading
Winners and Losers of the Tax Bill
March 2019
In 2018 when President Trump and the Republican Congress rewrote the tax code, everyone knew there would be winners and losers. Exactly how this will play out is just starting to be seen – it closes loopholes while … Continue reading
5 Tips for First-Time Tax Filers
February 2019
Filing taxes for the first time can be overwhelming. But if you have the right tools and advice before you start, it won’t be. Here are a five critical things to know before you begin, which will make … Continue reading