May 1 is the traditional deadline for undergraduate students to commit to their college of choice, which means tuition payments are not far behind. If you are wondering if your child's scholarships are taxable, here is what you...
Insight
Risks of Neglecting Good Cyber Practices and Cyber Liability Insurance
A recent cyber incident involving the City of Oakland serves as a poignant example of the potential consequences of inadequate cyber liability coverage. The incident significantly disrupted critical city services, leading to substantial downtime and financial losses....
Tax Withholding For Seasonal and Part-Time Employees
Many businesses hire part-time or full-time workers, especially in the summer. The IRS classifies these employees as seasonal workers, defined as employees performing labor or services on a seasonal basis (i.e., six months or...
What To Do if You Receive an IRS CP2000 Notice
An IRS CP2000 notice is mailed to a taxpayer when income reported from third-party sources such as an employer, bank, or mortgage company does not match the income reported on the tax return. It is not a tax bill or a formal audit notification; it merely informs you...
