by Michael Hogberg EA | Jan 10, 2024 | Updates
As the new year unfolds, it’s essential to be aware of key tax deadlines to ensure compliance and avoid penalties. Staying on top of these dates not only keeps you organized but also provides peace of mind as you navigate your financial responsibilities. Here’s...
by Michael Hogberg EA | Jan 3, 2024 | Updates
As the New Year begins, setting clear tax goals can help secure your financial future. Here’s how to get started: 1. Organize Your Financial Records Gather all relevant documents: Income Records: W-2s, 1099s, and other income statements. Expense Receipts: Charitable...
by Michael Hogberg EA | Aug 1, 2023 | Enforcement Updates, Expert Analysis, Federal Tax
Ascendancy is committed to providing expert tax planning and compliance services to businesses across various industries. In this case study, we shed light on a real-life scenario that emphasizes the importance of accurate bookkeeping and the consequences of...
by Michael Hogberg EA | Jul 26, 2023 | Enforcement Updates, Federal Tax
July 26, 2023 In a recent case, a tax preparation company owner in Florida pleaded guilty to aiding and assisting in the preparation of a false tax return. This unfortunate incident serves as a crucial reminder to business owners about the importance of accurate and...
by Michael Hogberg EA | Dec 14, 2022 | Enforcement Updates
Wednesday, December 14, 2022 A federal jury convicted a Maryland security guard today of tax evasion. According to court statements and evidence presented in court, Gaston Gilberto Reyes, of Germantown, did not file income tax returns with the IRS for the years 2015...