by Steve Perry | Apr 11, 2023 | CARES Act, Representation, Tax Planning, Tax Preparation
The most common answer to this is 3 years from the date you filed. But there’s some grey area. Having the correct records could save you thousands of dollars one day, so you want to do your due diligence and be smart about what you keep in your filing cabinets...
by Steve Perry | Oct 23, 2020 | CARES Act, Representation, Tax Planning, Tax Preparation
Back in March, President Trump signed the Coronavirus Aid, Relief, and Economic Securities (CARES) Act. This $2.3 trillion relief package was designed to help Americans get through this pandemic. Under the Act, a new loan program was created called the...
by Steve Perry | Jul 31, 2020 | CARES Act, Representation, Tax Planning, Tax Preparation
After several months of the IRS being closed for all except the most mission critical functions, the service is open again, at least in part. Many taxpayers have received computer generated letters mailed after the due date. Others who have tax problems,...
by Steve Perry | Mar 31, 2020 | CARES Act, Representation, Tax Planning
This past weekend, President Trump signed the largest expenditure bill in history. HR 748, “The Coronavirus Aid, Relief, and Economic Security Act” (CARES Act) has all sorts of benefits. Setting the politics aside, let’s look at just a few of the...
by Steve Perry | Dec 16, 2019 | Representation, Tax Planning, Tax Preparation
I recently had a casual conversation with a taxpayer about filing statuses. The simplest definition of filing statuses is contained in IRS Publication 17, which states “In general, your filing status depends on whether you are considered unmarried or...
by Steve Perry | Oct 1, 2019 | Representation
Most taxpayers are well aware of the IRS’s power to assess penalties and interest for non-payment of taxes due. What most taxpayers don’t understand is all the potential penalties that may be imposed, nor do they know how these penalties may be abated. The...
