Auto Deduction for Real Estate Agents and Other Self Employed Taxpayers

Among the industries and professionals that my Dallas, TX tax firm works with include both Real Estate Investors and Real Estate agents. As independent contractors, real estate professionals often incur substantial out of pocket costs to run their business and those costs include the costs of using

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Plano TX – Have You Received an IRS Final Notice of Intent to Levy? Here’s What You Should Do!

If a Taxpayer has IRS Debt and it gets far enough through the collection process, eventually the IRS will send a Final Notice of Intent to Levy. This will be a different form depending on which section of the IRS is sending the notice, but typically, it is

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Plano Texas – How to Work With the IRS to Avoid an IRS Tax Levy

What is an IRS Tax Levy? Probably the most frequent reason that I have clients come into my Richardson, TX office related to IRS debt are when they are levied by the IRS.  An IRS levy permits the IRS to legally seize the taxpayer’s property, including garnishing wages, taking

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How Early Adopters of Cryptocurrency May Face IRS Tax Problems

The stunning rise in the value of Bitcoin, along with the myriad of cryptocurrencies, is surely one of the biggest financial stories of the 21st century, at least so far. What started out as a mere curiosity and niche project for programmers and geeks has quickly blossomed

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Our YouTube Video On What To Do If You Receive a CP2000 Notice

Our YouTube Video On What To Do If You Receive a CP2000 Notice

I wanted to share our most popular You Tube Video which is What is a CP2000 Notice and What To Do If You Receive One.  As a summary, a typical IRS audit today is a Correspondence Audit, which is typically completed primarily by mail.  Taxpayers may receive

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Should You Use Projects or Sub-Customer Functionality for your business within QBO?

  Quickbooks Online (QBO) has added the Projects Feature to QBO.  In some ways, Projects is similar to the Sub-Customers functionality, but in other ways, it is very different.  If your business flow can work within the requirements of Projects, it can be a very powerful tool

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