The IRS deadline to file your 2021 personal tax return which you placed on extension is October 17th! For many of you, unfortunately, even with this additional 6 months extension you still cannot make the deadline. Claiming ‘the dog ate your tax papers’ might not work for the IRS. But let’s forget the dog crap.…

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The fact is YOU are responsible for your own success, in each area of your life as well as with your finances and business success. If you are in a place where you are unsure of the value you bring to the table all by yourself that is ok also: none of us ever does…

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Urgent Tax News: The IRS is preparing to get Non-filers! The IRS is hiring thousands of Agents! Unfiled tax returns? Need a payment plan? Need to resolve that scary IRS Letter? Now is your time to get ahead. Contact Michael! Get Michael on your side today!

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What business owners need to do when closing their doors for good There are a few things business owners need to do before they close their business. Of course, they need to fulfill their federal tax responsibilities. It’s also important to notify the IRS of their plans. Business owners must take these steps when closing…

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Anyone pursuing higher education, including specialized job training and grad school, knows it can be pricey. Eligible taxpayers who paid higher education costs for themselves, their spouses, or dependents in 2021 may be able to take advantage of two education tax credits. The American opportunity tax credit and the lifetime learning credit can help offset…

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People who own vacation homes will not have to report any of their income as long as they rent it out for less than 15 days yearly. It is tax-free! You may also claim qualified mortgage interest, property taxes, and casualty losses by claiming deductions on a Schedule A. Once renting a vacation home goes…

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There is a common misconception when it comes to investing. Some beginners think you only get taxed when you withdraw the money from your Investment account (for example, your Robinhood account) to your bank. This is a terrible mistake that can come back to bite you. Every time you sell a stock, ETF, or cryptocurrency,…

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Do you own a small S-Corporation or a Partnership? The business tax filing DEADLINE is March 15th. However, if you need help and it is too late for you to file your business tax return on time, I can quickly file an extension for you today and get you plenty of time to get your…

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All-year-round Tax Firm We never closed a day for COVID Because we always work 100% virtual No contact – No leaving home Confidential, secure, and safe service Reasonable rates Tax problems? We can help! Call and ask for Michael.

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Estimated tax penalties apply when you underpay your taxes. Taxpayers who paid too little tax during 2021 can still avoid a surprise tax-time bill and possible penalty by making a quarterly estimated tax payment now, directly to the Internal Revenue Service. The deadline for making a payment for the fourth quarter of 2021 is Tuesday,…

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