Going through a divorce is a major life transition, and it comes with a series of financial and legal decisions that can impact your future. One of the most complex aspects to navigate is how to handle your taxes while your divorce is still pending. Filing taxes during divorce requires a clear understanding of IRS […]
Tax Strategies for Seasonal Businesses
Running a seasonal business presents unique challenges and opportunities when it comes to taxes. Unlike year-round businesses, seasonal operations may generate the majority of their income in just a few months. However, this doesn’t stop them from still facing tax obligations throughout the year. Whether you’re operating a snow removal service in winter, a landscaping […]
Tax Differences Between Short-Term and Long-Term Rentals
The taxation of long-term and short-term rentals can differ significantly. These differences are primarily driven by the distinct nature of these rental arrangements and the objectives of tax authorities. Here’s an overview of the key differences in how long-term and short-term rentals are taxed. The 14-Day Rule Under the 14-day rule, if you rent […]
Can I Sell My House if I Owe Back Taxes?
Owing back taxes to the IRS can be stressful enough on its own—but if you’re also trying to sell your home, the situation might feel even more overwhelming. You may be wondering: Can I legally sell my house if I owe the IRS? Will they seize the proceeds? Will buyers even want a home with […]
Did the IRS Take My Refund?
Still waiting on your tax refund? The IRS may have offset it. CEO David King and Lead Tax Attorney Philip Hwang explain when the IRS can offset your refund, how to avoid it, and how to find out if your refund was taken. If You Need Tax Help, Contact Us Today for a Free Consultation