by Dana Borys | Feb 6, 2025 | Corporate Tax Services, Individual Tax
If you are unable to pay the tax owed by the original tax return filing due date, you can enter into a payment plan agreement with the Internal Revenue Service (IRS). A payment plan is an installment agreement with the IRS to pay the taxes you owe within an extended... 
by Jessica Esquivel | Feb 4, 2025 | Corporate Tax Services, Individual Tax
In June of last year, the State of California enacted a temporary suspension of the Net Operating Loss (NOL) deduction. This suspension is part of a broader effort to increase state revenue and address budget constraints. Here is what taxpayers need to know about... 
by Sara Raby | Jan 31, 2025 | Corporate Tax Services, Individual Tax
The easiest way to keep your tax preparation costs down is to make it more straightforward for your preparer to complete your return and stay informed of your tax situation. Effective Ways to Keep Tax Preparation Fees Down #1 Turn your information in early When... 
by Sara Raby | Jan 31, 2025 | ASC 740 & ASC 740-10, blog, COGS, Corporate Tax Services, Individual Tax, Technology Tax
On December 31, 2024, the IRS released Notice 2025-7 which provides temporary relief of Treas. Reg. § 1.1012-1(j)(3)(ii) (Revenue Procedure 2024-28) which was set to be implemented on January 1, 2025. The new regulations required digital brokers (aka wallets) to...