Your tax refund check isn’t coming in the mail anymore. The IRS just announced it’s going all-electronic for refunds and payments. Here’s what you need to know: What happens if you don’t provide direct deposit information? If you file your return without banking information, the IRS will still accept and process it, but your refund […]
IRS woes
Missed the Tax Deadline? Getting Your Business Back on Track
Falling behind on tax filings can quickly put your business on the IRS’s radar. Whether due to financial constraints, staffing shortages or organizational transitions, missing even a single filing deadline can make your business vulnerable to penalties, interest charges and potential compliance investigations that can impact your company’s financial health and reputation. With a practical […]
The New Tax Audit Landscape: Protecting Your Financial Future
With advanced technologies and stricter compliance standards, tax audits are evolving. And as a result, they’re transforming how individuals and businesses approach their financial reporting. Navigating today’s audit landscape requires vigilance and strategic planning. Here are five risk factors — and mitigation tips — to plan for: High-income earners Complex financial portfolios present more opportunities […]
IRS Dirty Dozen Watchlist: New Tax Scams for 2025
Tax season offers taxpayers many opportunities for savings. But it also brings out the scammers and fraudsters hoping cash in on unsuspecting filers, outdated credits and more. Every year, the IRS releases its list of the “dirty dozen” scams impacting taxpayers and business owners. To protect your bank account, identity and reputation, see what’s new […]
How Tax Debt Could Impact Your International Travel Plans
Gearing up for a summer getaway abroad? Before you head to the airport, be aware of a potential roadblock for delinquent taxpayers — passport problems. In 2015, the Fixing America’s Surface Transportation Act empowered the IRS to inform the State Department about taxpayers with “seriously delinquent tax debts.” This information can be used to deny […]
6 Reasons the IRS Might Zoom in on Your Business’s Finances
Did you know that something as simple as a math error or an unsigned form could invite unwanted attention from the IRS? Even if you have no intention to evade taxes or find loopholes, if there’s something on your return that makes the IRS take a second look, an audit of your business may be […]