Blog
The Most Significant Dangers During Tax Filing Season is not an IRS Audit
As tax season kicks off, it is essential to prepare for filing your 2024 tax return and to remain vigilant against scammers who are already active. Do not fall victim to their tactics. Many individuals neglect to safeguard their personal information online, and the...
Attention! Your Tax Return may be Marked for an ’Audit Review’
Many taxpayers are keen to submit their returns in order to receive a refund; however, it is crucial to first collect all necessary tax documents to avoid an audit. It is essential to remember that submitting an incomplete return can alert the Internal Revenue Service...
The IRS to Provide «Free File Software» Ahead of the Tax Season
The Internal Revenue Service's (IRS) Free File Guided Tax Software became available on Friday, January 10, for the 2025 Tax Filing Season. IRS Free File allows taxpayers to submit their federal tax returns and payments at no cost. Typically, private tax preparers...
California Wildfire Survivors May Obtain a One-Time Payment of $770
California residents impacted by the recent wildfires may qualify for a one-time payment of $770 from the federal government. This financial aid, known as severe needs assistance, is administered by the Federal Emergency Management Agency (FEMA) and is typically...
IRS Reveales the Start Date for the Upcoming Tax Season
The Internal Revenue Service (IRS) has officially announced that the tax season will commence on January 27, with federal tax returns due by Tuesday, April 15. If you are unable to file by the deadline, you can request an extension by submitting Form 2868 by April 15,...
Tax Incentives to Help Offset the Cost when Making Businesses Accessible for Individuals with Disabilities
Employers who hire individuals with disabilities or enhance their business facilities for employees and customers with disabilities may qualify for specific tax incentives. These incentives are intended to motivate employers to recruit qualified individuals with...
Can FSA Benefits be Spent on Service Animals?
Most people think of using their Flexible Spending Account (FSA) funds for medical treatment and material goods, but medically eligible expenses can also include a Service Animals. If your furry friend is part of a medical treatment strategy, some of the associated...
What is the 401(k) Plan for Self-Employed Professionals?
A self-employed 401(k) plan, also known as an individual 401(k) plan, serves as a retirement savings option for small business owners without employees, aside from a spouse. This makes it an ideal choice for sole proprietors, independent contractors, partnerships, and...
IRS Announces Increased Estate and Gift Tax Exemption for 2025
The Internal Revenue Service (IRS) revealed an increase in the estate and gift tax exemption for the year 2025. The “basic exclusion amount” will rise to $13.99 million per individual in 2025, up from $13.61 million in 2024, according to the agency. These exemptions...