Taxes
Gas Stimulus: What You Need to Know
April 1, 2022 The inflation is directly affecting drivers and daily commuters alike with skyrocketing gas prices. In California, the...
LLCs vs. Corporations: Which Is Best for Your Small Business?
One of the most important decisions you’ll make as a small business owner is choosing your legal business structure. As...
IRS Backlog to Clear Up by End of 2022
March 31, 2022 At the start of the COVID-19 pandemic, the IRS was forced to close its doors. Since reopening,...
Understanding use tax
Sometimes if we hear a phrase often enough, we don’t appreciate the importance of all the words. One such phrase...
How to Set Up an IRS Payment Plan Through TaxAct
Nobody likes unpleasant surprises when it comes to taxes. And if you unexpectedly find yourself owing the IRS hundreds or...
Make It Official: How and When to Convert Your Sole Proprietorship to an LLC
Let’s set the stage: You’ve been self-employed for a while, and you’re a pro at doing your small business taxes...
Should I itemize or take the standard deduction?
Should I Itemize or Take the Standard Deduction? To itemize or not to itemize? This is a question many taxpayers...
Subscription Billing and Your Sales Tax Obligation
Subscription-based selling is appealing to businesses for its reliability of loyal customers and steady revenue. From gift boxes to magazines...
TaxBit and TaxAct: Crypto Tax Filing Made Easy
As cryptocurrency investments become more mainstream, many taxpayers wonder how they can quickly and accurately report digital currency transactions on...
Impacts of using a marketplace facilitator
Online sellers hear an endless amount these days about “marketplace facilitators.” What are they? How can they help you? And...
What to Expect When You’re Expecting a Refund
You’ve successfully e-filed your taxes. Congratulations! Now, where’s your refund? Here’s what happens to your return once it’s submitted to...
Can the IRS Garnish Your Social Security?
March 22, 2022 Many taxpayers rely on Social Security to get by after retiring. Unfortunately, taxpayers with outstanding tax liabilities...
