Tag: enrolled agent

Q & A and Tips on Accounting, Taxes and Personal Finance.
Leveraging IRS Gift Rules to Your Advantage

Leveraging IRS Gift Rules to Your Advantage

As you or family members approach retirement years, it is important to have a basic understanding of the IRS gift giving rules. With this understanding, there are opportunities to leverage this tax law without creating a tax problem. THE RULES… You may give up to $15,000 to any individual (donee) in 2019 and avoid any […]

September 3, 2019 | By More
Simple Tax Myths and Their Truths

Simple Tax Myths and Their Truths

Tax Filing Fact or Fiction? Linda Smith, Enrolled Agent of ATI Pro in Orlando, Florida discusses 6 things you should know. Federal tax returns are always due by April 15th. Not this year! You have 3 extra days until April 18th, 2016 in which to file. Extensions are for filing, NOT for paying. You must […]

March 29, 2016 | By More
IRS Audit

IRS Audit

Why is the IRS auditing me? Did I cause my tax return to be audited? How can I prevent or at least minimize the potential of being audited? These are all questions that are asked when a taxpayer receives the dreaded letter from the IRS. Let’s start with what constitutes an audit by the Internal […]

February 22, 2016 | By More