Your Business is Up and Running: Now What?

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Now you have your business up and running you may have questions as to what deductible business expenses are. First, please do not rely on the “my buddy told me I can write off my house, boat and car” form of professional advice. The IRS, Score, Small Business Development Centers associated with Universities and Colleges, […]

What A Tax Professional Will Tell You That Online Programs Don’t: Part 2

Personal Tax Accountant Wilmington NC

So now you have work you have to ask yourself, am I self-employed or am I an employee and not getting taxes taken out or benefits? You are considered self-employed if you can take or leave a job, have other clients, and are independent of the “employer” in when and how you get the work completed.

How to Pay Your Taxes Owed Post Tax-Filing for 2021

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The dreaded tax filing day for individuals has passed on Monday, April 18th (extended due to DC Holiday). If you were afraid to file and did not because you knew you were going to owe you should have filed as there are larger penalties for not filing!

Interest Charged on Balances Due Even with an Extension

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The Internal Revenue Service and each state with tax-filing requirements give a 6-month extension to file an individual tax return. Filing an extension does not mean you have an extension to pay. This year, the filing deadline has been pushed back to April 18th because of the observation of Emancipation Day.

What is an Enrolled Agent?

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Have you been wondering what an Enrolled Agent is and how they can help you with your individual tax needs? Read more about how an Enrolled Agent can assist!

Why am I receiving an IRS Notice stating I owe for unpaid taxes?

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Since Mid-March, the Internal Revenue Service has either furloughed or placed employees on work from home status closing offices. In having no one physically present in the offices, the Service has no one to process the tens of millions (yes, that is correct) pieces of mail that have been sent with either return, correspondence, or […]