by Folasade Ayegbusi | Sep 18, 2023 | IRS Tax Audits
Navigating Tax Audits: What to Do If the IRS Comes Knocking Tax season can be stressful for many Americans, but the prospect of facing a tax audit by the Internal Revenue Service (IRS) can be even more nerve-wracking. While the likelihood of being audited is...
by Folasade Ayegbusi | Aug 4, 2023 | Direct e-file taxes
5 Reasons Why IRS’ Direct e-file Won’t Make Filing Taxes Any Easier The Internal Revenue Service (IRS) has announced that it will launch a new direct e-file option for individual taxpayers in 2024. This option will allow taxpayers to file their federal income tax...
by Folasade Ayegbusi | Jul 21, 2023 | Quarterly Estimated Taxes
Are Quarterly Estimated Taxes Necessary for You? Find Out Now! If you are self-employed, an independent contractor, or have income that is not subject to withholding, you may need to pay quarterly estimated taxes to the IRS. Estimated taxes are a way of paying your...
by Folasade Ayegbusi | May 9, 2023 | Tax
5 Tips for Dealing with the IRS’s Slow Response Times Introduction As taxpayers, dealing with the IRS can be a daunting task. One of the biggest frustrations is the slow response times that can occur when trying to resolve issues with the agency. However, there...
by Folasade Ayegbusi | Apr 10, 2023 | NFTs and Taxes
NFTs and Taxes: Everything You Need to Know NFTs, or non-fungible tokens, are unique digital assets that can represent anything from art and music to sports memorabilia and virtual land. They exploded in popularity in 2022, with some NFTs selling for millions of...