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Did You Make Money with Cryptocurrency? How to Get Right with the IRS
For early adopters of Bitcoin, Ethereum and other popular cryptocurrencies, the profit potential has been simply stunning. While there...
Work from Home Tax Forms: How to Store Them, How to File Them and How to Reduce Your Liability
Working from home can be a dream come true, especially if you also work for yourself. Opportunities for freelancers, gig workers and...
A Taxing Situation: Timely Tax Tips for Cryptocurrency Investors
Until recently, cryptocurrency investors have mostly flown under the radar as far as taxes are concerned. Now those days are coming to an...
If You Don't Have Money to Pay Your Taxes, You Have Legitimate Options
If you don't have money to pay what you owe the IRS, you have a few options to work with. Whatever you do, don’t ignore the letters from...
Bankruptcy FAQ for Individuals
Filing for bankruptcy is a difficult and draining process. People often feel ashamed, scared, or confused. If you find yourself with no...
The IRS is getting ready to take your paycheck again
COVID-19 has caused many tax problems, but some taxpayers received a reprieve from the IRS when they released their “People’s First...
Avoid These 5 Common Tax Filing Mistakes That Can Get You In Tax Trouble
Whether you file the simple 1040EZ or a complex 1040 and a raft of schedules, making a mistake on your tax form could lead to big tax...
What is a Levy? IRS and Other Asset Levies Explained
Falling behind on your debts is never a fun place to be. It’s less fun when a levy is placed on your assets. In this article, we look at...
Video hasn't quite killed the Radio Star yet
Talk of Connecticut invited me to their studios yesterday morning to chat with Gary Byron about some common tax questions and problems....
It's the Final Countdown!
Earlier this week the Treasury Department announced that the tax-filing deadline for 2019 will not be extended beyond July 15, 2020. If...
S Corps: PPP Loan denial may be the least of your problems
Each year a few of our bookkeeping clients will have grown to a size where it makes sense for me to recommend that they file as an S...
What you need to know about the new stimulus proposal
Nothing. Many people just assume that I must be some sort of mathematical wizard. It kind of just goes with the job. In many ways...
No Deductions for PPP Expenses
The IRS just released Notice 2020-32 and it contained some disappointing but not surprising news. Turns out you still can't have your...
Have you gotten a letter from the IRS?
For an introvert I do a surprisingly large amount of public speaking. Here in Hartford County, CT I speak regularly to local...
Stimulus Checks are coming, and it's already a mess
The Economic Impact Payments, or stimulus checks, started arriving in people's bank account on Friday. It's Wednesday and it's already...
Do you want to get back into compliance with the IRS?
People stop filing their taxes for many reasons, and at this point I’ve probably heard just about every reason. Someone once told me that...
How to get your stimulus check if you don't file taxes
The constant flow of changes continues again today. By now most people know who is or isn’t getting a stimulus check. If you’re not sure...
The IRS just gave people even more time
There's been an almost constant flow of changes coming out of Washington DC for the last few weeks. A few minutes several new things...
Has the IRS called you? It could be legit.
I’d be surprised if someone told me they haven’t gotten a scam call from “The IRS”. Some people found these calls annoying, others found...