After weeks or months of job seeking, you land your dream job — but it’s in a different state. The location of the job is close enough so that you can commute every day rather than move. However, you are still faced with the dilemma of where and how to pay state income taxes. Understanding […]
Article from January 2025
The IRS is Auditing My Crypto. Now What?
The rise of cryptocurrency has brought unique challenges to the tax filing process. As digital currencies like Bitcoin, Ethereum, and others gain mainstream acceptance, they have also attracted the attention of the IRS. Cryptocurrency transactions are taxable events in the United States, and failure to report them accurately can result in an IRS audit. If […]
IRS Notice CP2000: Underreporting Income to the IRS
Did you receive a surprise tax bill after underreporting income? CEO David King and Lead Tax Attorney Philip Hwang provide insight on what your tax bill could mean and steps you could take to resolve your tax burden with the IRS. If You Need Tax Help, Contact Us Today for a Free Consultation
What To Do If You Receive IRS Notice CP49
Receiving an IRS notice can be unsettling, especially when it concerns your tax refund. IRS Notice CP49 informs taxpayers that their federal tax refund has been applied to a prior year’s outstanding tax debt. While it may come as a surprise, understanding what to do if you receive IRS notice CP49 can help you address […]
How Does a Home Foreclosure Affect Your Taxes?
Home foreclosure is a difficult and often overwhelming experience. Beyond the emotional and financial strain of losing your home, a foreclosure can also come with significant tax implications that many homeowners may not be prepared for. Understanding these tax consequences is crucial to navigating this challenging time and avoiding surprises when filing your tax return. […]