As we move into the final quarter of the year, it’s the perfect time for S Corporation owners to revisit one critical area of compliance: reasonable compensation.
Tax Knowledge
As students and teachers head back to school and schedules settle into a routine, it’s also a great time to think about how education-related expenses may affect your tax situation. Whether your children are in daycare, K–12, or college, there are real tax benefits worth planning for, and acting on now can help you maximize your refund or reduce what you owe come tax season.
No one wants an IRS audit. While the chances of being audited are relatively low for most taxpayers, there are certain actions and reporting patterns that can raise red flags. Here are the most common triggers, and how you can avoid them:
Why You Should Get an IRS Identity Protection PIN (IP PIN)
Tax fraud is a growing concern for individuals and families across the country. One of the simplest and most effective ways to protect yourself is by getting an Identity Protection PIN (IP PIN) from the IRS.