Scottsdale Tax Prep | Fake Charities The Internal Revenue Service is warning taxpayers to be on the lookout for groups who are pretending to be legitimate charitable organizations in an attempt to attract donations from unsuspecting taxpayers. The IRS advises taking a...
Glendale CPA | IRS Penalty Relief The IRS has announced that they will provide relief from tax penalties taxpayers receive from an over payment they received from the premium tax credits for buying health insurance under the affordable care act. Notice 2015-09 allows...
Glendale Accountant | S Corp Officers The IRS is starting to scrutinize S-Corporations officer’s compensation to verify that they are taking what they believe to be a reasonable compensation. They are also starting to scrutinize the timing of the compensation....
Glendale Tax Prep | Real Estate Pro? Generally speaking, rental real estate is a passive activity to a tax payer even if they materially participate in the rental process. However, if the tax payer is a real estate professional, this income is no longer treated as...
Phoenix Tax Preparation | Tax Increases President Barack Obama is set to promote his new plan for wealth redistribution. He will unveil and discuss his plan during his State of the Union address tonight. The plan involves limiting the profits wealthy Americans can...
