Tax season in full swing, Tax Advisor of Cary is fully booked until the April 18th deadline, but that doesn’t mean we can’t help! In this article, we will outline ways to request an automatic extension from the IRS and NCDOR so that we can help at a later date.
Thinking of Selling Your Home? Tax Considerations Understanding the Home Gain Exclusion when selling your home: One of the largest tax breaks available to most
Identity theft PINs are for 2015 not 2014 If you are one of the unfortunate victims of IRS identity theft you will need a one-time
Home Gain Exclusion: What to Know and Do For those who qualify, a married couple can exclude up to $500,000 ($250,000 for unmarried taxpayers) in
Sometimes tax laws create a natural conflict of interest among taxpayers. Establishing property values in an estate after someone dies is an area that creates
Audit Proof your Tax Return No one likes the stress involved when your tax return is under the audit spotlight. Here are some ideas to
If you don’t receive a W-2 or 1099, is this a defense to protect yourself from not reporting the income during an audit? In short,
Some of these items may surprise you. There are a number of areas in the tax code that cause confusion as to the taxability of
Picture this; for the past few years you have picked up your tax return and have had a small but nice refund. Now imagine your
Lost in the recent news regarding stolen identities at Snapchat and the credit and debit card theft at major retailers, is the dramatic increase in
IRS issues emergency tax year 2021 extension for FL NC & SC
Every year, the Taxpayer Advocate Service submits a mid-year report to Congress that outlines serious problems facing taxpayers and makes recommendations on how to mitigate those problems. This article outlines the main takeaways from the report and solutions for the next filing season.
Every year, thousands of people across America get a CP2000 letter from the IRS. In this article, we explain what the CP2000 process and how to handle the IRS. We also outline the exact filing steps to combat a CP2000 letter.
