Alfred Moore CPA LLC

If you have unfiled tax returns, getting back on track may be easier than you think. But the longer you wait, the more costly it becomes. The IRS charges a failure-to-file penalty of 5% per month (up to 25%) of the unpaid tax. There’s also a separate failure-to-pay penalty of 0.5% per month (up to 25%) of the unpaid tax. If both apply in the same month, the combined penalty is generally 5% per month. Returns over 60 days late are subject to a minimum penalty. Filing, even if you can’t pay in full, can reduce penalties and open the door to payment plans or other relief options. Call us at (630) 405-8514 for help.

Does your business provide complimentary on-site food and beverages for employees? The rules for deducting certain business meals have changed. Beginning in 2026, employers generally can’t deduct 1) meals treated as de minimis fringe benefits, or 2) employer-provided meals that are excludable from an employee’s income and provided for the employer’s convenience on business premises. For the 2025 tax year, generally the former were 100% deductible and the latter were 50% deductible. Contact us at (630) 405-8514 to discuss whether this change will affect your company and how to plan accordingly.

Alfred Moore,CPA

Tax Litigation Support – Where to Turn If You Owe The IRS Money | The primary purpose of tax advocate services in all tax discrepancies is to resolve issues and controversies, immediately, efficiently, and at its earliest stage, preferably without tax litigation support. Our attorneys deal with the IRS regularly as well as the Treasury, the Department of Justice,...

How to Find the Best Tax Preparation Services | If you are struggling with the federal tax brackets there are always other ways to handle your taxes, here are some of the best tax preparation services: One method is using tax preparation software like TurboTax or TaxACT which will help guide you through your taxes, and in some cases, you can fil...

http://almoorecpa.com/wordpress/tax-planning-companies/

Tax Planning Companies – Why Choose Alfred Moore | If you are the type of person that enjoys the challenge of taking the Form 1040 head on and has time to review the tax laws, plus the ability to thoroughly understand them, by all means, save your money and prepare the tax return by yourself instead of choosing tax planning companies. However, if y...

How to Shop for the Best Tax Prep Companies | Filing your own income taxes can be a daunting task that leave you confused and full of questions. According to a study done by the United States Government’s General Accounting Office last year, most taxpayers (77% if 71 million) believe they gained a benefit from using the best tax prep companies...