by Jawad Khan | Apr 3, 2024 | Uncategorized
Digital assets have become increasingly popular in recent years, with virtual currencies, cryptocurrencies, stable coins, and non-fungible tokens gaining widespread attention. As a taxpayer, it’s important to understand the reporting and tax requirements...
by Jawad Khan | Apr 3, 2024 | Uncategorized
In recent years, the Internal Revenue Service (IRS) has issued warnings about aggressive promoters who deceive taxpayers into making questionable claims for the Employee Retention Credit (ERC). These unscrupulous individuals or organizations put businesses at risk of...
by Jawad Khan | Mar 12, 2024 | Uncategorized
As the time for paying taxes approaches, citizens are urged to be mindful of their responsibility of accurately accounting for various sources of income on their tax returns. Specifically, in order to be compliant with tax regulations, taxpayers should report digital...
by Jawad Khan | Mar 12, 2024 | Uncategorized
The IRS offers no-charge tax preparation services through Volunteer Income Tax Assistance (VITA) and Tax Counseling for the Elderly (TCE). These programs are designed to help eligible individuals prepare their taxes at no cost. VITA Program: For more than half a...
by Jawad Khan | Feb 14, 2024 | Uncategorized
If you’ve recently filed your tax return and are eagerly anticipating a refund, it’s natural to wonder when you’ll receive it. This article provides an estimated tax refund schedule and offers key details about the refund process. Qualifying for a...
by Jawad Khan | Feb 14, 2024 | Uncategorized
Attention tax professionals: The IRS, along with its Security Summit partners, wants to alert you about a scam email that specifically targets tax professionals like you. This fraudulent email pretends to be from various software companies and aims to steal your...
by Jawad Khan | Jan 5, 2024 | Uncategorized
In the wake of severe storms and tornadoes that wreaked havoc across parts of Tennessee in December, the IRS has stepped in to provide essential tax relief measures for affected individuals and businesses. The designated disaster areas, as identified by FEMA,...
by Jawad Khan | Jan 5, 2024 | Uncategorized
In a bid to fortify the integrity of residential energy efficiency tax credits introduced by the Inflation Reduction Act of 2022, the IRS has initiated a call for public comments on the impending implementation of new product identification number (PIN) eligibility...
by Jawad Khan | Dec 12, 2023 | blog
Each year during open enrollment season, employees are faced with important benefit decisions that can significantly impact their finances. One choice that often gets overlooked is participating in a Flexible Spending Arrangement (FSA), even though it’s one of...
by Jawad Khan | Dec 12, 2023 | blog
It might seem a bit early to start contemplating the 2024 tax season, but the Internal Revenue Service (IRS) is urging taxpayers to adopt a proactive approach. Early preparation not only ensures a smoother filing process but also helps you stay ahead of changes and...
