Recovering from a Natural Disaster: Understand Your Tax Relief Options
If your family or business has been affected by a natural disaster, you may qualify for a casualty loss deduction and federal tax relief.
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crabtree297
Oct 13 min read
Charting Your Legacy: New RMD Rules and SECURE Act Changes Ahead
The IRS has released new statutes about required minimum distributions (RMDs) from inherited IRAs or other retirement accounts.
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crabtree297
Aug 292 min read
Blueprints for Success: Understanding the Look-Back Method for Long-Term Contracts
The Look-Back Method adjusts for overreported or underreported income by reconciling estimated and actual costs over the contact's life.
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crabtree297
Aug 272 min read
Good News!!! The IRS Launches the Second ERC Voluntary Disclosure Program
The IRS has reopened the Employee Retention Credit Voluntary Disclosure Program (ERC-VDP) as of August 15, 2024.
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crabtree297
Aug 153 min read
IRS Intensifies Scrutiny: What You Need to Know About ERTC Claims
Stay informed on the latest IRS updates regarding ERTC Claims.
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crabtree297
Apr 21 min read
Tax Tip Tuesday: The IRS Wants You to Self-Report Illicit Income
Uncover the truth about self-reporting income, even if it's from illicit sources.
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crabtree297
Feb 262 min read
The BH Bulletin: February 2024
Discover the latest updates and invaluable insights in the February 2024 edition of the BH Bulletin.
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crabtree297
Feb 262 min read
Tax Tip Tuesday: What Businesses Need to Know about the IRS Electronic Filing Rule Change
A rule change mandates electronic filing for businesses submitting ten or more information returns to the IRS for the 2023 tax year.
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crabtree297
Feb 91 min read
Super Bowl Sunday is Super Gambling Day – Taxes?
Betting enthusiasts will wager an eye-popping $24 billion on the game, with legal bets accounting for only about $2 billion.
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crabtree297
Jan 252 min read
Are You Nervous About Your Employee Retention Credit (ERC)? Maybe You Should Be!
Are You Nervous About Your Employee Retention Credit (ERC)? Maybe You Should Be!
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crabtree297
Jan 232 min read
Tax Tip Tuesday: Willie Nelson's Legendary Tax Debt Journey
While Nelson is a musical icon, his tax struggles are almost as legendary as his career.
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crabtree297
Jan 102 min read
ERC: The Gift that Keeps on Giving
The Employee Retention Credit (ERC) is the gift that keeps on giving, or, in this case, could be the gift you give back.
72 views0 comments
crabtree297
Jan 92 min read
Tax Tip Tuesday: Are You a Tax Scam Victim? Do This ASAP!
If you suspect you are a tax scam victim, follow these crucial steps ASAP to mitigate the impact and safeguard your identity.
27 views0 comments
crabtree297
Jan 92 min read
Tax Tip Tuesday: Understanding IRS Standard Communication Methods to Identify Tax Refund Scams
Understanding the IRS's standard communication methods is a powerful tool for swiftly identifying potential impostors.
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crabtree297
Jan 94 min read
Tax Tip Tuesday: The 5 Tax Refund Scams to Beware of This Tax Season
The frequency of tax refund scams is rising. Exercise caution this tax season and stay alert when it comes to these five tax refund scams.
66 views0 comments
crabtree297
Dec 18, 20232 min read
Three Constants: Football, Money, and the IRS
Let's delve into the dynamic landscape of sports, where the convergence of football, money, and the IRS framework unfolds.
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crabtree297
Dec 12, 20232 min read
News Alert: IRS Delays Form 1099-K Threshold for Another Year
The Internal Revenue Service (IRS) has delayed the implementation of the new $600 Form 1099-K reporting threshold requirement in 2023.
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crabtree297
Nov 9, 20232 min read
Employee Retention Credit (ERC) Update
It appears that every couple of weeks, news related to the Employee Retention Credit (ERC) resurfaces.
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crabtree297
Oct 24, 20233 min read
Withdrawal Process for the Employee Retention Credit (ERC) Claims
As part of a broader initiative to protect small businesses against scams, the IRS has unveiled new ERC claim details.
37 views0 comments
crabtree297
Oct 9, 20232 min read
IRS Suspends ERTC Claim Processing Amid Fraud Concerns
Due to surge in unauthorized claims for the Employee Retention Tax Credit (ERTC), the IRS has imposed an suspension on new claims.
60 views0 comments
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