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Tax Geaks
Jan 15, 20214 min read
Estimated Taxes
Taxes must be paid as you earn or receive income during the year, either through withholding or estimated tax payments. If the amount of...
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Tax Geaks
Dec 5, 20204 min read
How do I submit an Offer in Compromise?
You may use the Offer in Compromise Pre-Qualifier tool to confirm your eligibility and prepare a preliminary proposal. Forms to Use ...
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Tax Geaks
Dec 5, 20202 min read
How do I download my transcript from the IRS?
Please create an online account with IRS https://www.irs.gov/payments/view-your-tax-account. ONLINE REQUEST ï‚· Go to the IRS website ...
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Tax Geaks
Dec 5, 20202 min read
What type of receipts does the IRS require?
You may choose any recordkeeping system suited to your business that clearly shows your income and expenses. The business you are in...
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Tax Geaks
Dec 1, 20204 min read
Employers’ use of payroll service providers
The Internal Revenue Service wants employers to understand their options when it comes to choosing payroll service providers. Employers...
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Tax Geaks
Dec 1, 20202 min read
New income ranges for IRA eligibility in 2021
There are cost‑of‑living adjustments that may affect a taxpayer's pension plan and other retirement-related savings next year. People...
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Tax Geaks
Dec 1, 20201 min read
How the CARES Act changes deducting charitable contributions
Whether taxpayers are supporting natural disaster recovery, COVID-19 pandemic aid, or another cause that's personally meaningful to them,...
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Tax Geaks
Dec 1, 20202 min read
Self-supporting college students may qualify for an Economic Impact Payment
Any eligible self-supporting college student who doesn't need to file a tax return should register using the Non-Filers tool by 3:00 p.m....
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Tax Geaks
Dec 1, 20202 min read
Taxpayers have the right to representation when working with the IRS
The IRS grouped all of the rights taxpayers have under the law into the Taxpayer Bill of Rights. Included in the list is the right to...
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Tax Geaks
Dec 1, 20202 min read
IRS to mask key business transcript details; protect taxpayers from identity theft
Moving to protect business taxpayers from identity theft, the Internal Revenue Service today announced that starting December 13 it will...
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Tax Geaks
Dec 1, 20201 min read
IRS issues final regulations on the deduction for meals and entertainment
The Internal Revenue Service issued final regulations on the business expense deduction for meals and entertainment following changes...
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Tax Geaks
Dec 1, 20202 min read
COVID-related text scam
The Internal Revenue Service, state tax agencies, and the tax industry today warned of a new text scam created by thieves that trick...
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Tax Geaks
Mar 17, 20202 min read
Use of standard mileage rate, other rules are updated for TCJA
The IRS issued guidance on Thursday updating prior standard mileage rules to reflect provisions of the law known as the Tax Cuts and Jobs Ac
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Tax Geaks
Mar 17, 20202 min read
Here are disaster resources taxpayers can check out now to help them later
Natural disasters can – and do – happen at any time. Whether it’s a hurricane, fire, flood, earthquake or tornado, there are things people c
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Tax Geaks
Mar 17, 20201 min read
Here’s how the credit for other dependents can benefit taxpayers
Taxpayers with dependents may qualify to claim a few different tax credits. One of these is the child tax credit. The child tax credit benef
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Tax Geaks
Mar 17, 20202 min read
IRS recommends business owners e-file payroll tax returns
The Internal Revenue Service today urged business owners to take advantage of the speed and convenience of filing these returns electronical
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Tax Geaks
Mar 17, 20201 min read
IRS grants relief for U.S. persons who own stock in certain foreign corporations
The Department of the Treasury and the Internal Revenue Service today issued Revenue Procedure 2019-40 and proposed regulations that provid
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Feb 25, 20201 min read
Taxpayers should beware of property lien scam
With scam artists hard at work all year, taxpayers should watch for new versions of tax-related scams. One such scam involves fake property
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Feb 25, 20201 min read
It’s important for tax pros to know the signs they are a cyber-thief's victim
Tax professionals should learn the tell-tale signs that their office may have experienced a data theft. Such thefts could have resulted in
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Feb 25, 20202 min read
Taxpayers can explore several tax help options before visiting an IRS office
Some taxpayers may think they need to visit an IRS office for help in person with their tax issues. However, many of these people may actual
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