Taxes
How long can the IRS Audit my Taxes?
July 29, 2021 For most taxpayers, the worst thing that can happen after filing their taxes is having the IRS...
Sales Tax Complexity Snapshot: Chicago
Sales tax is complex for any business selling into multiple states. But there are specific states and jurisdictions that make...
5 Misconceptions about the Child Tax Credit Monthly Payments
The families of roughly 60 million children received their first installment of the enhanced Child Tax Credit payments on July...
Resale Certificates: What They Are and How to Use Them
An exemption certificate is used to exempt an otherwise taxable transaction from sales tax. The most common exemption certificate is...
Calculation vs. Compliance: A Deep Dive into Two Important Pieces of Your Sales Tax Process
For most businesses, sales tax is not a top priority. It probably doesn’t even make the top 5 list! But...
Taxpayers are given guidance on Premium Assistance and Tax Credit for Continuation Health Coverage
July 22, 2021 The Internal Revenue Service issued out guidance on tax breaks under the American Rescue Plan Act of...
Taxpayers may have to pay back some of the new $3,000 Child Tax Credit
July 21, 2021 Child Tax Credits are expected to be distributed out to qualifying taxpayers throughout July by the IRS....
Home Rule: Can Local Jurisdictions Create Sales Tax Obligations?
There’s no way to sugarcoat it: Sales tax obligations are already difficult at the state level, but when you bring...
What is an Offer in Compromise?
July 20, 2021 An offer in compromise allows taxpayers to settle their tax debt for less than the full amount...
File Now for Accurate Child Tax Credit Payments
The IRS issued the first round of monthly payments to taxpayers for the Child Tax Credit last week on July...
IRS Payment Plans: The Basics
When you file your taxes, you may discover that you owe money to the government. If it’s a large sum...
Monthly Sales and Use Tax Update
There’s always something changing in the world of tax, especially sales tax. Here’s a review of some of the recent...
