Tax Resolution Centre

Today, set your sights on your goals and take that first step towards making them a reality. Remember, every journey begins with a single step. You've got this!

Federal officials have arrested and charged “The Magician” behind the largest tax fraud scheme in U.S. history. Full details here.

"The Magician" Behind a $100 Million Tax Fraud Scheme Finall

Tech startups can leverage the R&D tax credit for valuable incentives on research and development investments. Let us help you get started.

The IRS has announced a second Employee Retention Credit Voluntary Disclosure Program. Deadline to participate is November 22, 2024.

IRS Offers Second Chance to Resolve the ERC

The installment sales method is a significant tool for taxpayers selling a rental property at a gain, offering a way to spread tax liability over the period in which the sale proceeds are received. This method, while beneficial in many scenarios, comes with its complexities and considerations, especially when dealing with rental properties.

Unlock Cash Flow and Profits: The Power of Installment Sales The installment sales method is a significant tool for taxpayers selling a rental property at a gain.

Luca Pacioli introduced the balance sheet concept over 500 years ago. Still fundamental today!

“Stand by your man” takes on new meaning in the tales of Ruth Madoff, Eleanor Daugerdas, Mae Capone, and more. Learn the high cost of financial crimes.

‘Only the Little People Pay Taxes’: The Cost of Standing by

Walt Disney reminds us that the first step to success is to take action.

Crowdfunding is a way for individuals and businesses to raise funds for a wide array of projects, from innovative products and artistic endeavors to personal causes and community projects. However, as with any financial activity, crowdfunding comes with its own set of tax implications and regulatory requirements, particularly when it involves raising money to fund a business.

Unraveling the Mysteries of Crowdfunding Crowdfunding is a way for individuals and businesses to raise funds for a wide array of projects

Casualty and theft losses from federally declared disasters may be deductible. We're here to help!

This "silver tsunami" presents a golden opportunity for savvy, younger entrepreneurs to acquire established businesses. Learn how.

What Millennials & Gen Z Should Know About Acquiring Boomer-

A new week brings new opportunities. Embrace the challenge and make this week count!

Attention Landscaping and Lawn Care Businesses! Maximize your savings by keeping accurate records today.

The 'pink tax' refers to higher prices on products marketed to women. Recent protests and legislative changes are tackling this issue.

The intricacies of tax law, particularly around rental real estate, can be both a boon and a bane for investors. Among these complexities, the $25,000 rental passive loss limitation stands out as a critical rule for taxpayers who own rental properties. But those that qualify as real estate professionals can avoid that limitation.

How Landlords Can Navigate Beyond the $25,000 Loss Limitatio The intricacies of tax law, particularly around rental real estate, can be both a boon and a bane for investors.

Funding a child's education can be a daunting task for many parents and guardians. With the rising costs of post-secondary education, finding a tax-efficient way to save and grow education funds is crucial. Section 529 Plans are a powerful tool in the arsenal of education savings options.

How a Sec 529 Plan Can Transform Your Family's Future Funding a child's education can be a daunting task for many parents and guardians.

Einstein's analogy reminds us that life, like riding a bicycle, requires continuous momentum to maintain balance.

Although taxes may not be the sole item leading to your decision of who to vote for in the Fall election, it is one of many factors to consider.

Battle of the Tax Plans Although taxes may not be the sole item leading to your decision of who to vote for in the Fall elections, it is one of many factors to consider.

Itemize and deduct state and local taxes (SALT) up to $10,000, including property, income, or sales taxes. We're here to maximize your tax savings!

Success doesn’t come from what you do occasionally, it comes from what you do consistently. Stay committed to your goals in all areas of life!

Home-based businesses can deduct a portion of expenses like rent, utilities, and insurance with the home office deduction. We will make sure you meet IRS criteria for eligibility!

Understanding Section 911's Foreign Earned Income Exclusion, housing allowance, and residency criteria is crucial for U.S. citizens working abroad.

How Working Abroad Can Slash Your Tax Bill Understanding the intricacies of the Section 911 Foreign Earned Income Exclusion, along with the housing allowance, physical presence test, and bona fide reside

The British-imposed salt tax in colonial India sparked Mahatma Gandhi's Salt March in 1930, a powerful symbol of nonviolent protest for Indian independence.

Stay optimistic and believe in your journey!

Here are the August 2024 Individual Due Dates

August 2024 Individual Due Dates The August 2024 Individual Due Dates

Understanding the intricacies of self-employment tax is vital for anyone earning income outside of traditional employment. While the responsibility to pay rests on many self-employed individuals, exemptions and special cases exist. Properly navigating these obligations ensures compliance with tax laws and contributes to the financial health of both individuals and their businesses.

Understanding Self-Employment Tax Understanding the intricacies of self-employment tax is vital for anyone earning income outside of traditional employment.

Contributions to a traditional IRA could be deductible based on your income and employer plan. Contact us to start planning today with tax-advantaged accounts!