For many of our clients, the only conversations that are more personal are the ones with their own doctors. We understand that while there are obvious financial aspects to our tax consulting and compliance, the difference we can make is fostering a relationship with our client that is proactive, service driven, and results focused.
We are told our unique approach to the personal side of business is what makes the difference. Many of our clients have been with the firm for 30 years—some over multiple generations.
Our firm offers a variety of planning and compliance services that help our client protect assets, pay their fair share of taxes, and preserve wealth for their progeny.
The IRS has released the updated income tax brackets for 2020 returns, modified to keep pace with inflation.
As part of the Tax Cuts and Jobs Act of 2017 (TCJA) a cap was enacted to limit state and local tax (SALT) deductions for individuals to $10,000 ($5,000 for married filing separate returns).
The IRS has mailed letters to more than 10,000 taxpayers who may have owned or currently own cryptocurrency. The letters are a result of the IRS' attempt to capture untaxed cryptocurrency by educating taxpayers about the tax filing requirements for reporting virtual currency transactions.
After drawing much ire from taxpayers and tax professionals alike for a confusing, inaccurate tax withholding estimator, the IRS has released a revamped version that promises a new approach and an easier way for taxpayers to review their withholdings.
If a taxpayer undergoes an IRS audit, appeal, refund claim or collection matter and the IRS takes an unreasonable position against them, they may be able to recover some of the costs of the procedure.