Theresa Martin-Cohn, CPA combines Tax Practice with J. Rosio Tax Services, LLC
Theresa Martin-Cohn, CPA combines Tax Practice with J. Rosio Tax Services, LLC Read More »
Third Quarter Estimated Taxes Payments Are Due September 15th, 2021.
A friendly reminder that third quarter estimated tax payments are due to the IRS on September 15th, 2021.
Third Quarter Estimated Taxes Payments Are Due September 15th, 2021. Read More »
Was your 2019 Small Business Income Tax Return Filed on Time? No? You Are Not Alone.
IRS notices are going out now informing small business owners that their 2019 tax returns were filed late. And oh yeah wait until you see the penalties and interest. Here is what to do. We recently had a prospective new client call us. He was just notified by the IRS that his 2019 1065 Partnership
Was your 2019 Small Business Income Tax Return Filed on Time? No? You Are Not Alone. Read More »
Selling Your Home? Make Sure You Know Sec 121 and Cost Basis
With homes prices soaring in this red-hot real estate market there are always tax implications to keep in mind. Now more than ever homeowners need to be familiar IRS rules and how they will impact the tax they may owe. Understanding the Section 121 Exclusion and Cost Basis of your home are keys to mitigating
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IRS People First Initiative COVID-19 Relief
IR-2020-59, March 25, 2020WASHINGTON — To help people facing the challenges of COVID-19 issues, the Internal Revenue Service announced today a sweeping series of steps to assist taxpayers by providing relief on a variety of issues ranging from easing payment guidelines to postponing compliance actions.“The IRS is taking extraordinary steps to help the people of
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Deduction for Qualified Business Income
Last year’s sweeping tax overhaul, the Tax Cuts and Jobs Act of 2017 (TCJA), introduced a new tax break for owners of many pass-through businesses. Individuals who are sole proprietors, partners in partnerships, members in LLCs taxed as partnerships (hereafter, “partners”), or shareholders in S corporations, may be able eligible to claim a deduction for
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Highlights of Recent Legislation
In the past 15 months, congress passed five bills that have substantive and significant tax provisions: The Surface Transportation and Veterans Health Care Choice Improvement Act of 2015. The Bipartisan Budget Act of 2015. The Fixing America’s Surface Transportation Act (“FAST Act”). The Consolidate Appropriations Act of 2015 (“PATH Act”), including the Protecting Americans From
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Top 5 IRS Tax Relief Strategies
Tax problems often arise for many people, but fortunately, there are solutions available for every tax problem. If you owe the IRS over $10,000 and cannot pay your balance in full, contact Joseph Rosio at Plano Tax Prep to discuss which one of these options is right for you and your family. Tax Solutions
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