Accounting & Tax Professionals

Aside from expecting the new year, U.S. taxpayers should also expect a smaller tax refund, which they also call a tax refund shock, after filing their 2022 tax returns. This is because a lot of the pandemic benefits were created to help Americans during the time of the pandemic, which has now expired. However, the […]

Nobody wants to deal with tax refund fraud or identity theft, let alone having to deal with IRS representation in Des Moines, IA, and elsewhere. Identity theft has become a major issue in recent years, with fraudsters using fake identities to file false tax returns and claim refunds before the rightful owners can. This can

Today is normally the day when those who haven’t filed their taxes yet have a panic attack. In case you haven’t heard, you can rest easy! Due to the ongoing COVID-19 pandemic, the tax filing deadline has been extended until May 17. That means there’s still time for you to file if you haven’t already!

Issue Number:  Special Edition Inside This Issue 1.  Payment Deadline Extended to July 15, 2020 The Treasury Department and the Internal Revenue Service are providing special payment relief to individuals and businesses in response to the COVID-19 Outbreak. The filing deadline for tax returns remains April 15, 2020. The IRS urges taxpayers who are owed a refund to file

While there are still some strategies you can employ to decrease your tax liability for 2019, it’s a good idea to start thinking about 2020 in advance so you can benefit from year-long savings strategies. Here are just a few steps you can take if you’re interested in reducing your tax liability for the next

There are just two months left in 2019, which means the tax season is going to be upon you before you know it. One of our best tax prep tips for 2020 in Des Moines, IA is to actually get started on your tax prep before 2020 arrives. That’s right—even though you’re still in the

Getting zero taxes back might not seem like the most attractive idea if you’re used to getting sizable returns. However, there are some benefits to zeroing out your return. It means you’ve paid exactly what you owed in taxes throughout the year, and weren’t essentially giving the federal government an interest-free loan in the previous

If you are a first-time homeowner, there is a lot of information you’ll need to learn quickly during the process of purchasing your house so you can make sure you meet all of your responsibilities. You will quickly learn, for example, all about property taxes: how they work, how you pay them, what they go

Withholding allowances help an employer determine how much money to take out of an employee’s paycheck to remit to the state and federal tax authorities. You’ve probably filled out a W-4 before: when you check off allowances, that tells your employer just how much to withhold. The more allowances you claim, the less tax is

What happens if you owe on your taxes and don’t pay by tax day? You could face penalties and interest from the IRS, and no one wants that kind of attention. No matter what you do, don’t ignore the problem. Even if you can’t pay the full amount on tax day, you’re better off filing