Phoenix Tax Prep | Withholding Employees will usually have withholding taken out of their paychecks. If you don’t have any income taxes withheld or if you don’t have enough income tax withheld, then you may need to make estimated income tax payments....
Scottsdale CPA | File on Time Have you prepared or had your income tax returns prepared and realized that you owe more income tax than you can afford to pay by April 15th? If so, don’t ignore it. Here are the steps you should follow if you owe more tax than you...
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...
Scottsdale CPA | IRS Scam Warning The IRS recently published a list of potential scams taxpayers should be aware of. The most recent is an aggressive and sophisticated phone scam. The caller claims to be an employee of the IRS. These criminals sound very convincing by...
Phoenix Tax Accountant | Donations of Appreciated Property Donating a piece of appreciated property can have a substantial benefit to your personal income tax return over selling the item and donating the proceeds. Appreciated property could be anything from a piece...
