Blog

Individuals with significant tax debt should act promptly to avoid revocation of passports

The Internal Revenue Service today urged taxpayers to resolve their significant tax debts to avoid putting their passports in jeopardy. They should contact the IRS now to avoid delays in their travel plans later. Under the Fixing America’s Surface...

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Guest Article by Harry Cline: How to Decide on Your best Senior Lifestyle Arrangement

How to Decide on Your Best Senior Lifestyle Arrangement Age brings with it inevitable change. As we grow older, it sometimes becomes apparent that due to certain changes, we could use a little help to make the most of our golden years. If...

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IRS: Truckers should e-file highway use tax return by Sept. 3

The Internal Revenue Service today issued a reminder for owners of most heavy highway vehicles that the time to file Form 2290, Heavy Highway Vehicle Use Tax Return, began July 1, 2019. The highway use tax applies to highway motor vehicles with a...

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IRS DEBT FORGIVEN

Two Ecstatic Clients Debt Forgiven in February 2019   Case 1: " Dear Mr. Taxpayer, We have accepted the offer in compromise you signed and dated on 06/6/2018. The acceptance date is the date of this letter and acceptance is subject to...

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Should You Create an LLC For Your Rental Property?

What is an LLC? A limited liability company (LLC) is a business structure. You can create an LLC by yourself, with a partner, or with a group. If you own an LLC you are a “member” of the LLC. LLC’s are regulated at the state level, so the...

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2018 Tax Highlights

Watch this video for 2018 tax updates! D Jones Professional Services: Client Videos

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IRS issues proposed regulations on new 20 percent deduction for passthrough businesses

IR-2018-162, Aug. 8, 2018 WASHINGTON — The Internal Revenue Service issued proposed regulations today for a new provision allowing many owners of sole proprietorships, partnerships, trusts and S corporations to deduct 20 percent of their...

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Oct. 15 Tax-filing Extension Deadline Approaches for Millions of Taxpayers

The Internal Revenue Service today urged taxpayers who requested the six-month filing extension to double check their tax returns and file on or before the mid-October deadline. IRS e-file and Free File are excellent filing options and are still...

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Things You Should Know about Filing Late and Paying Penalties

Don’t Make this Critical Mistake!! I can’t tell you the number of taxpayers that have mistakenly filed their return late because they anticipated they would owe a balance and not have the ability to pay the balance in full. The most important...

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"GHOST" Tax Preparers

Dishonest and unscrupulous tax preparers, including some who are “ghost" tax preparers, perpetuate refund fraud and scams that hurt honest taxpayers who are simply trying to do the right thing and file a legitimate tax return. Dishonest...

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