If you filed for an extension on your tax return in the spring, your new deadline is approaching quickly. Filing a tax extension provides you with an additional six months to prepare and file your return, but if that time has passed more quickly than...
We're moving! Beginning June 6, be sure to visit us at our new office in Provo. You can contact us using the same phone numbers if you have any questions....
Are you responsible for filing a deceased loved one’s last tax return? Read this article from The Accounting Guys to learn a few things you should be aware of. ...
Over 30 million taxpayers had their returns delayed last year, and now the IRS has an even bigger backlog. How likely are you to have your tax return delayed this year? Learn more here....
Most people know what forms to expect from the IRS each year, but this tax season, you’ll probably be getting a brand-new tax form in the mail. It’s called Letter 6419, and it’s important that you hang onto it, along with all your other tax...
Many people take a passive approach to taxes: You fill out your return, pay what you owe (or collect your refund), then do the exact same thing again next year. However, this reactive strategy can result in you paying thousands more in taxes over the...
With the standard deduction increase provided by the Tax Cuts and Jobs Act of 2017, many Americans are now opting to take the standard deduction instead of itemizing. However, if you’re one of the millions who still itemizes deductions, it’s important that you include every...
Recently, the IRS has begun hiring thousands of new tax auditors in preparation for a serious increase in tax enforcement. The push began back in June, with President Biden’s $579 billion infrastructure plan gaining headway in the Senate. Though the increased IRS enforcement was dropped...
As part of the American Rescue Plan, the Child Tax Credit has been increased for 2021 and the IRS will be sending out monthly payments to qualifying families. These payments are set to begin next month, with the first one scheduled to hit taxpayers’ accounts...
Last year was a difficult one for many businesses. Even with assistance from the Paycheck Protection Program, a lot of small businesses experienced significant financial losses in 2020. But what you might not know is that the CARES Act enacted last year offers more than...
