In Memory: Stanley H. Block (1932-2025). His legacy and guidance will continue through our service to clients.
The gig economy is here to stay, and more people than ever are earning money through self-employment or contract work. For taxpayers who get a portion or all of their income from self-employment sources, knowing the rules of estimated taxes can save them a big headache—and financial penalties—come tax time. One of the biggest challenges […]
Many people find themselves in a situation where they owe $10,000 or more in back taxes to the IRS. This can be so overwhelming that they choose to ignore the problem, since they know they cannot pay the IRS such a huge amount. If you’re one of those people, take a deep breath. There may […]
Although both sound like something the IRS would frown upon, tax evasion and tax avoidance are very different things. Tax avoidance refers to using legitimate methods to lower your tax liability, while tax evasion is reducing your tax liability through deception and other fraudulent actions. While some taxpayers knowingly initiate tax evasion tactics on their […]
Buying a home is massive financial and personal decision. It’s nearly impossible to keep emotions out of the equation—the hope and anticipation when waiting to see if the sellers will accept your offer, and the anxiety during inspection and closing. But no matter how many fingers you’ve crossed, there’s always a chance that something will […]
Have you received an IRS notice telling you of their intent to levy your property? The IRS has many different ways to collect from you if you owe them a tax debt. A tax levy is just one of those ways—but it is one of the most serious. Because of the severity of a levy, […]
As part of the Inflation Reduction Act of 2022, the Internal Revenue Service (IRS) has received a big increase in funding—which has also led to a major hiring spree. Just over half of the $80 billion in new funding was allocated towards “enforcement.” While the IRS falls short around $600 billion in collection every year, […]
If you’ve been involved in a lawsuit or settlement and have been awarded a sum of money, you might think that money is yours to spend, free and clear. You’ve paid back the entitled parties, your lawyer got his or her cut, and now you’re ready to buy yourself something nice! Unfortunately, the IRS is […]
Many people fall behind on their taxes, start to receive notices from the IRS, and/or find themselves in a troublesome situation with the Internal Revenue Service. If you find yourself in this unfortunate situation, you may receive advice about seeking out a certified tax resolution specialist. What does this mean? How can they help?
Whether you are in the market to buy a new house, or you are thinking about listing your own home for sale, you don’t want any surprises. Finding out if a property has a lien on it before the sales process gets started will save you a lot of headaches. A lien is issued against […]
Not many small business owners or entrepreneurs particularly enjoy the accounting aspect of their business. For most people, it’s a tedious but necessary task that must be endured in order to keep doing business. If you have simple finances and few employees, you may still be handling the books yourself. But at some point, the […]
