by Michael Hogberg EA | Oct 15, 2024 | Enforcement Updates, Federal Tax, Updates
Properly classifying workers, withholding the correct taxes, and timely filing and paying employment taxes are fundamental responsibilities for any business owner. Failing to do so can lead to serious legal consequences, as evidenced by a recent IRS Criminal...
by Michael Hogberg EA | Oct 8, 2024 | Federal Tax, Updates
The length of time you should keep a document depends on the action, expense, or event which the document records. Generally, you must keep records that support an item of income, deduction, or credit shown on your tax return until the period of limitations for that...
by Michael Hogberg EA | Oct 1, 2024 | Updates
Is Extending Your Tax Return the Right Move? As we continue to progress through the year, many taxpayers are relying on extensions to file their returns by October 15. While extensions can be useful for some, they may not always be in your best interest. Filing an...
by Michael Hogberg EA | Sep 18, 2024 | Enforcement Updates, Updates
A recent case in Ohio highlights the risks of working with dishonest tax return preparers and the severe consequences they face for manipulating tax filings. In this instance, an Ohio tax return preparer and his businesses were permanently barred from preparing...
by Michael Hogberg EA | Sep 11, 2024 | Enforcement Updates, Updates
A recent case in Arizona highlights the severe consequences of misusing federal assistance programs and falsifying tax filings. This case serves as a critical reminder for business owners and individuals of the importance of honesty and accuracy in all dealings with...
by Michael Hogberg EA | Sep 4, 2024 | Federal Tax, Updates
In an era where cybercriminals are becoming increasingly sophisticated, safeguarding personal and financial information is essential for every taxpayer. The IRS has introduced several tools to help protect taxpayers from identity theft and fraud, one of which is the...