Phoenix Accountant | Tax Season Starts With the United States Congress passing the tax extenders bill, the Tax Increase Prevention Act, the Internal Revenue Service announced that it anticipates opening the 2015 income tax filing season as originally scheduled in...
Phoenix Accounting Firm | Year end for SCorps As the year draws to a close, their are a few tax issues we would like to take the opportunity to remind our S-Corporation shareholders of. Shareholders of S-Corporations that own a greater than 2% interest must include on...
Phoenix Accountant | Record keeping With the IRS and states struggling to stay afloat, many tax payers worry about the chances of an audit. While your chances may be slim of ever being audited, there is nothing worse than getting the letter in the mail that your...
Phoenix CPA | Tax Extenders Passed Finally! Congress waited until the last possible minute, but finally passed the long awaited tax extenders bill which President Obama finally signed on Friday. Known officially as The Tax Increase Prevention Act, this bill...
Phoenix Accounting Firm | IRS Budget Cuts This past week, the Internal Revenue Service released the downside of the cuts to their budget. The Internal Revenue Service received a budget of $10.9 billion. This may seem like a lot of money but it is 3% less than the...
