IRS Updates

Will Your Tax Returns be Audited by IRS?

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Many taxpayers are afraid of the term “tax audit.” But it’s nothing to get scared about! It’s just the state authority or the IRS double-checking [...]

Loads of Tax Benefits for Independent Real Estate Owners

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There’s great news coming your way if you are an independent landowner or a real estate owner. The tax season is stressful for most people and is [...]

How Tax Reform Affects IRS Moving Deductions

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Often people end up changing cities for a better job opportunity or simply because they are expanding or shifting their existing business. Such a move [...]

Just In! This year’s list of the “Dirty Dozen” tax scams- Part II

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In our previous blog post, we had highlighted 6 of the first 12 scams present in IRS’ Dirty Dozen List for the year 2019. The Dirty Dozen is a list of [...]

Just In! This year’s list of the “Dirty Dozen” tax scams- Part I

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An annual ritual of the IRS, Dirty Dozen is a list of possible tax scams that innocent taxpayers can easily fall prey to. This list becomes especially [...]

“Choose Your Tax Preparers Carefully!” – IRS

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With the tax season in full bloom and a host of new and seemingly confusing tax reforms like the Tax Cuts and Jobs Act in effect, it is no surprise that a [...]

New Yorkers v/s The State Tax Officials : Who will win?

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It’s a cat-and-mouse chase between the elite of New York and the IRS! With the latest federal tax laws lowering the deduction limit on state and local [...]

IRS waives late tax payment fees

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Did you miss out on paying your tax liabilities in the fiscal year 2017-2018? We might have some good news for you! The US Federal income tax works on a [...]

Tax Credit and Tax Deduction – what’s the difference?

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How many times have you heard the terms “tax credit” and “tax deduction” being used while wondering if they mean the same thing? Well, let us clear [...]

Super bowl fans, here are some football tax tips for you!

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It’s that time of the year again - the season for bragging rights, the season to watch your old heroes test their mettle while new ones are born. Yes, we [...]