Even if you File an Extension, You Must Still Pay Your Income Tax in Full by the Tax Deadline Need more time to prepare your federal tax return? Traditionally, federal tax returns are due on April 15 or the first business day thereafter. However, the IRS does grant you an automatic extension to file your taxes… [Read More]

What taxpayers should do if they get a letter or notice from the IRS Your notice or letter will explain the reason for the contact and give you instructions on how to handle the issue. If you agree with the information, there is no need to contact the IRS. Note: As explained on the IRS website,… [Read More]

Crypto Taxes: Tax Reporting Requirements Virtual currency is a digital representation of value that functions as a medium of exchange, a unit of account, and/or a store of value. In general, the sale or exchange of convertible virtual currency, or the use of convertible virtual currency to pay for goods or services in a real-world… [Read More]

Tax Season 2024 (for filing year 2023 taxes): Tax Benefits for the Self-Employed Being self-employed comes with its own set of financial responsibilities, but it also offers opportunities for tax deductions and credits that can help reduce the overall tax burden. Changes in the tax code in 2018 (via the Tax Cuts and Jobs Act… [Read More]

Whether you live in Alpharetta, Cartersville or Riverdale, there’s a Daniel Ahart Tax Service office near you It’s important to remind our existing and prospective clients that we are open all year round so that we are ready to assist you with your personal and business tax needs regardless of when you need us the most,” explains Daniel Ahart, chief tax officer at the tax… [Read More]

You can get tax refund advances of up to $6,000 but isn’t the best fit for each particular situation From January through April, a tax refund loan can be a great way to get money quickly. But you need to pay some fees, so make sure you consider the pros and cons of your particular situation before… [Read More]

Many Employers Are Boosting the Corporate Benefits Offerings Access to High-Quality Child Care to their Employees. Employer-provided child care benefits are designed to assist employees with child care expenses and can offer tax advantages to both employers and employees. Employers that provide or sponsor child care for their employees can claim a federal credit of 25% of… [Read More]

The Ins and Outs of the Child and Dependent Care Credit. The Child and Dependent Care Credit is a tax credit offered by the U.S. federal government to help eligible taxpayers cover the costs of childcare or care for dependents while they work or look for work. This credit can help reduce the tax liability… [Read More]

When it comes to student loan forgiveness, repayments, and taxes, there are several important factors to consider These topics can have significant implications for borrowers. Here’s an overview of what you need to know: Read also: “Student Loan Calculator“ Remember, the information provided here is general in nature and should not be considered as specific… [Read More]

Tax laws can vary by jurisdiction and individual circumstances. It’s important to note that tax law changes can have wide-ranging impacts on individuals, businesses, and the economy as a whole. Understanding these changes is crucial for taxpayers to navigate their obligations and make informed financial decisions. Here are some general changes that occurred in 2022…. [Read More]

Tax essentials for crypto investors While tax regulations can indeed vary by jurisdiction when it comes to cryptocurrencies, here are some general considerations for crypto taxation: Read also: “Crypto Taxes: Do I Need To Report My Gains And Losses?“ Given the evolving nature of cryptocurrencies and the complexities of tax regulations, it is crucial for… [Read More]

Yes, the IRS can seize or offset your tax refund under certain circumstances: If your refund is going to be offset, you’ll typically receive a notice from the IRS or other federal agency involved, explaining the reason for the offset and providing information on how to dispute it if you believe it’s incorrect. It’s also… [Read More]