Basile CPA Firm, Inc.

What’s Next for the Child Tax Credit?

If your family received advance child tax credit funds, you are not alone in wondering what will come next from Congress for 2022. Learn...

https://www.basilecpafirm.com/blog/whats-next-for-the-child-tax-credit/45479

The IRS May be Getting a Massive Budget Increase. Will It Impact the Audit Rate?

Will increased IRS funding drive more audits?

https://www.basilecpafirm.com/blog/the-irs-may-be-getting-a-massive-budget-increase-will-it-impact-the-audit-rate/45416

Fall Tax Planning May Be Wise
Taxes are like vehicles in that they sometimes need a periodic check-up to make sure they are performing as expected, and if ignored, can cost you money. That is true of taxes...

https://www.basilecpafirm.com/blog/fall-tax-planning-may-be-wise/45295

The IRS Backlog Is Causing Taxpayer Heartburn

Before the COVID-19 pandemic, the IRS was getting refunds out swiftly and responded to calls and correspondence in a reasonable amount of...

https://www.basilecpafirm.com/blog/the-irs-backlog-is-causing-taxpayer-heartburn/45280

Mid-Year Tax Planning Checklist

All too often, taxpayers wait until after the close of the tax year to worry about their taxes and miss opportunities that could reduce...

https://www.basilecpafirm.com/blog/mid-year-tax-planning-checklist/45241

Should You Opt Out of the Advance Child Tax Credit?

If you have children under the age of 18, by now you likely have gotten your first advance child tax credit payment, either by check or by...

https://www.basilecpafirm.com/blog/should-you-opt-out-of-the-advance-child-tax-credit/45235

How Long Should You Keep Old Tax Records? This is a common question: How long must taxpayers keep copies of their income tax returns and supporting documents?

Are you still waiting for your tax refund? See this short article to learn what is going on.

35 Million: The Total Backlog of Tax Returns The IRS Had At The End Of Tax Season

The IRS had a backlog of more than 35 million tax returns at the end of tax season this year – and many of those people are awaiting tax...

https://www.basilecpafirm.com/blog/35-million-the-total-backlog-of-tax-returns-the-irs-had-at-the-end-of-tax-season/45189

Taxes and Divorce

If you are recently divorced or are contemplating divorce, you will have to deal with or plan for significant tax issues such as asset...

https://www.basilecpafirm.com/blog/taxes-and-divorce/45122