How to Choose a Tax Preparer: Important Tips for Extension Filers Tips for Choosing the Right Tax Professional: Finding a good tax preparer is crucial. Here’s what you should look for: Year-Round Availability: A trustworthy preparer should be available year-round to answer questions, not just during tax season. Check Credentials and History: Look for preparers with a good history. You can use the IRS Directory of Federal Tax Return Preparers to find preparers with credentials and qualifications. You should also check with the Better Business Bureau for any complaints. Understand Their Fees: A reputable preparer will be transparent about their
More

No Changes to Tax Forms or Withholding for 2025 Are you wondering how the “One Big Beautiful Bill Act” will affect your taxes? The IRS has recently announced that there will be no changes to individual information returns or withholding tables for Tax Year 2025. This is great news for both taxpayers and businesses, as it provides a stable and predictable tax environment for the upcoming filing season. Key Takeaways for Tax Year 2025: The IRS has made it clear that for the 2025 tax year, everything will remain the same as the previous year. Here’s a breakdown of what
More

Hobby or Business? The Tax-Smart Way to Tell the Difference Do you earn money from a side project you love? Whether it’s selling handmade crafts, freelance writing, or flipping furniture, it’s crucial for tax purposes to know if your activity is a hobby or a business. The IRS treats these two classifications very differently, and getting it wrong can lead to costly mistakes. The key distinction is your intent to make a profit. This guide will walk you through the factors the IRS considers to help you make the right call and keep your finances in order. The Core Difference:
More

Boost Your Tax Security: A Guide to IRS Online Accounts and Identity Protection PINs In today’s digital world, protecting your personal information from fraudsters is more important than ever, especially when it comes to your taxes. The IRS offers two powerful tools to help you secure your financial data: the IRS Online Account and the Identity Protection PIN (IP PIN). These resources are your first line of defense against tax-related identity theft. What is an IRS Online Account? Your IRS Online Account is a secure, personalized portal that provides a comprehensive overview of your federal tax information. Think of it
More

IRS Social Media: A Guide To Staying Informed Did you know the IRS is on social media? It’s a great way to stay up-to-date on the latest tax news, scam alerts, and services. The IRS uses various platforms to reach taxpayers and professionals, providing useful information and resources. Here’s a breakdown of where you can find the IRS online: Facebook: The IRS has both English and Spanish Facebook pages. They post tips for taxpayers and tax professionals, announcements, and useful information. YouTube: On their YouTube channel, you can find short videos in English and American Sign Language (ASL). They also
More