Professional Bookkeeping and Tax

The IRS received additional funding with the passage of the Inflation Reduction Act and plans on using some of it to improve taxpayer compliance through a new audit focus that will begin in fiscal year 2024.

Here are the November 2023 Business Due Dates

Get ready for the week: has motivation for your Monday.

Here are the November 2023 Individual Due Dates

For those who love learning: here's a tax fact from .

If you like game shows and the excitement that goes with watching contestants win prizes, consider how the contestants will handle the IRS Form 1099-MISC they receive for the value of the items they won. You may not have thought much about it, but the contestants must pay federal and applicable state income tax on the cash and value of the goods they win on game shows.

Get inspired. Some Wednesday Wisdom from based

If you are or were married and filed your federal tax return jointly with your spouse, and you were unaware of potential errors or underreporting on that tax return, you may be eligible for innocent spouse relief of the tax, interest and penalties related to that return.