Blog

March 27, 2023

The coronavirus (COVID-19) pandemic resulted in many business closedowns and disruptions across the United States. According to statistics, nearly 7.5 million small businesses were at risk of closing down permanently due to the pandemic. However, despite the inconveniences, some businesses still continued to pay their employees. Thankfully, companies that paid their workers or lost revenue as a result of COVID-19 may be eligible to claim tax refunds through the Employee Retention Tax Credit (ERTC).

Feb. 9, 2023

According to the most recent estimates from the U.S. Department of State, there are nearly 9 million U.S. citizens living abroad. Under the law, U.S. citizens or resident aliens living and earning in foreign countries are required to file their U.S. taxes and report their income information annually.

Oct. 10, 2022

Taxes are an inevitable part of adult life. Missing the deadlines or extensions for filing your taxes can cost you a significant amount of money in penalties.

Sept. 30, 2022

According to statistics from the Internal Revenue Service Compliance Activities report, the IRS closed about 738,959 tax returns examinations in the Fiscal Year 2021.

Aug. 31, 2022

According to the Internal Revenue Service (IRS), about 148.3 million taxpayers paid over $1.6 trillion in individual income taxes in 2019. Individuals living and working in the United States have an obligation to file their income tax returns with the IRS upon making a certain amount.

July 13, 2022

If you owe a debt to someone and can’t pay them back, you know how stressful this can be. Being hounded by creditors and debt collectors puts you in a difficult position and you may be wondering about your options. You may consider starting a payment plan, attending debt counseling, or in some cases, filing for bankruptcy.

June 2, 2022

For as long as people have been obliged to pay taxes, there have been dozens of ways to avoid paying them. Many of those techniques are illegal and harshly punished by authorities at the federal and state levels.

April 29, 2022

According to the Internal Revenue Service (IRS), since 2001, the average voluntary tax payment rate has been 83.6 percent. With collection efforts, tax collection of all dollars owed rises to 85.8 percent, leaving an annual gap of $381 billion uncollected. In other words, about one in every six dollars owed in federal taxes goes unpaid annually.

April 12, 2022

According to the most recent statistics from the Internal Revenue Service (IRS), taxpayers filed about 148.3 million tax returns in 2019, including payroll taxes. Payroll tax is a percentage withheld from an employee's income by an employer and paid to the government on behalf of the employee.

March 8, 2022

Many people falsely believe they only need a tax attorney if they get audited, but there are a host of other reasons why you may consider hiring one. In fact, for most people, the fear of an audit from the IRS never comes to pass.