In Memory: Stanley H. Block (1932-2025). His legacy and guidance will continue through our service to clients.
As was the case for small business owners in 2020, COVID-19 will have a significant effect on the sort of deductions you could be eligible for when you file your taxes in 2021. In this blog, we’ll examine several critical 2021 small business tax deductions and provide a checklist for potential opportunities to improve your […]
While COVID-19 has impacted every American in some way, shape, or form, not all of us have received federal stimulus checks. For many, this has turned a financial difficulty into a financial crisis. Thankfully, millions of taxpayers and non-filers could still be eligible for assistance through the Recovery Rebate Credit. Keep reading to learn what […]
Business owners and employees have long been conditioned to track all their expenses. Saving those receipts often pay off in the form of tax deductions that reduce business expenses and boost the bottom line. Unfortunately, it’s difficult to know exactly what you can and can’t deduct from your taxes, especially when it comes to business […]
An IRS audit can be an overwhelming process, and if you disagree with the IRS’ determination, it can feel like the end of the world. Luckily, you do have options after an audit decision, and you may be able to have your case reconsidered. An audit reconsideration is a process the IRS offers to help you if […]
Whether you prefer to file your taxes on your own or have a professional take care of them, getting ready for tax season is important. A single misstep can lead to headaches, an audit, interest, and penalties. However, some simple steps can make the process less intimidating. S.H. Block Tax Services has helped people and businesses across […]
When considering possible penalties for overdue taxes, people might first think of monetary fees. Owing money for late taxes can certainly happen, but the IRS and state revenue departments have other tax collection tools at their disposal. If you are behind on your taxes, you may be wondering, “Can the IRS take away your driver’s license? […]
Understanding how to read a pay stub and putting that knowledge to work is just as important the day you receive your first paycheck as it is the day you retire. Your pay stub contains a lot more information than just the money you can expect to receive that pay period — although that is […]
If you’re in a position where you’re forced to deal with an IRS revenue officer, you’re probably feeling stressed and anxious. These guys mean business, and they’re likely being very aggressive about your outstanding tax liability. However, you still have plenty of options if you keep your cool, remain upfront and honest, and follow their […]
If you’re struggling to pay off tax debt, it may seem like the IRS is completely arbitrary as it determines your repayment options and whether you qualify for any tax relief.
Many people don’t know how to figure out whether they need to withhold federal income taxes from their paychecks. That’s okay — the team of experienced tax representatives at S.H. Block Tax Services is here to help! In this blog article, we’ll talk about how withholding works and explain how you can figure out whether […]
