by Gabby Miller | Jun 6, 2022 | Business, Individuals, Newsletter, Taxes
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 an employee who performs labor or services on a seasonal basis (i.e.,...
by Gabby Miller | Jun 3, 2022 | Individuals, Newsletter
HSA Limits Increase Significantly for 2023 Contributions to a Health Savings Account (HSA) are used to pay the account owner’s current or future medical expenses, their spouse, and any qualified dependent and are adjusted annually for inflation. By 2023, the...
by Gabby Miller | Jun 2, 2022 | Individuals, Newsletter, Taxes
Settling Tax Debt With an IRS Offer in Compromise An offer in compromise (OIC) is an agreement between a taxpayer and the Internal Revenue Service that settles a taxpayer’s tax liabilities for less than the full amount owed. That’s the good news. The bad...
by Gabby Miller | May 5, 2022 | Individuals, News, Newsletter, Taxes
Estimated Tax Payments: The Facts Estimated tax is the method used to pay tax on income that is not subject to withholding, including income from self-employment, interest, dividends, alimony, rent, and gains from the sale of assets, prizes, and awards. You also may...
by Gabby Miller | May 4, 2022 | Individuals, News, Newsletter, Taxes
Is Your College Student’s Scholarship Taxable? May 1st is the traditional deadline for undergraduate students to commit to their college of choice, which means tuition payments are not far behind. If you’re wondering if your child’s scholarships are...
by Gabby Miller | May 3, 2022 | Fraud, Individuals, News, Newsletter, Taxes
What To Know About Tax-related Identity Theft Tax-related identity theft occurs when someone uses a taxpayer’s stolen SSN to file a tax return claiming a fraudulent refund. In the vast majority of tax-related identity theft cases, the IRS identifies a suspicious...
